Equipment leases can seem like a convenient way to get started with Clover, but many merchants later discover they're locked into expensive long-term obligations that far exceed the equipment's value. Understanding these risks upfront can save you thousands.
Multiply monthly payment by the lease term. If total payments exceed 2-3x the equipment purchase price, it's a bad deal.
Look for: auto-renewal clauses, early termination penalties, end-of-lease purchase options, and whether payments continue after the term.
A Clover Station costs roughly $1,500-2,000 to buy. Compare this to 48-month leases that can cost $5,000-8,000 total.
Some providers offer month-to-month equipment options after an initial period. This provides flexibility if you need to switch.
| Feature | Clover | CapClover |
|---|---|---|
| Customer Support | ✗ Long hold times, unresponsive | ✓ Your assigned rep's direct line |
| Business Funding | ✗ Limited or no options | ✓ Up to $500,000 |
| Approval Time | ✗ Weeks or denied | ✓ Same-day decisions |
| Hidden Fees | ✗ Frequently reported | ✓ Transparent pricing |
| Contract Terms | ✗ Early termination fees | ✓ Flexible terms |
Get business funding up to $500,000 with your own dedicated rep - this is their direct line, not a call center.
Common complaints include: 48-60 month non-cancellable terms, total costs 3-5x purchase price, auto-renewal without notice, and no purchase option at lease end.
Most equipment leases are non-cancellable. Options may include: negotiating a buyout, finding legal grounds to void the lease, or waiting until it expires.
Equipment purchase prices: Clover Go ~$50, Clover Flex ~$400-600, Clover Mini ~$600-800, Clover Station ~$1,200-1,800. Leases often cost 3-5x these amounts.
Rarely. Unless you have zero capital and absolutely need equipment, buying or using a provider like CapClover with no equipment requirements is usually better.