If you’ve decided to upgrade or no longer need your Clover POS system, you might be wondering if it’s possible to sell it. Whether you’ve outgrown the system, are transitioning to a different point-of-sale solution, or simply no longer need it, selling your Clover POS can help you recoup some of the initial investment. In this guide, we’ll walk you through everything you need to know about selling your Clover POS system.
1. Check for Any Existing Agreements or Contracts
Before selling your Clover POS system, it’s important to review any agreements or contracts you’ve signed with Clover or your POS provider. Some agreements may contain terms and conditions that could impact your ability to sell the system. For example, certain contracts might require you to return the hardware if you’re no longer using their services. Make sure you understand whether you’re tied to any ongoing service agreements or if you’re free to resell the hardware.
2. Ensure the Hardware is in Good Condition
To maximize the resale value of your Clover POS system, make sure the hardware is in good working condition. Inspect the devices for any damage or malfunction. If your Clover POS includes peripherals like a receipt printer, barcode scanner, or cash drawer, ensure these are also in working order. Cleaning the devices and ensuring they are free of any personal data is also crucial before reselling.
3. Check Whether the POS System is Locked
If your Clover POS is locked to a specific merchant account or software package, you may need to unlock it before selling. This usually involves contacting Clover support to remove any locks or account links associated with your system. Selling a locked POS system could result in complications for the buyer, so it’s important to make sure the system is factory reset and free from any restrictions.
4. Explore the Best Places to Sell Your Clover POS
There are several ways to sell your Clover POS system:
- Online Marketplaces: Websites like eBay or Craigslist allow you to sell your used POS system directly to buyers. Be sure to list the system’s condition, accessories, and any software or subscription details.
- POS Resellers: Some businesses specialize in buying and reselling used POS systems. They may offer to purchase your Clover POS outright or allow you to trade it in for credit toward new equipment.
- Clover’s Buyback Program: In some cases, Clover offers a buyback program for used equipment. Contact their customer service or check their website to see if they have an option available for your system.
- Local Businesses: If you know local businesses that might be looking for a POS system, consider selling directly to them. You can even offer to install or set up the system as part of the sale.
5. Price Your Clover POS System
When selling your Clover POS, it’s important to price it competitively. The resale value will depend on several factors, including the age of the system, its condition, and whether it comes with all necessary accessories and software. Research similar listings online to get an idea of the going rates for your specific model. Offering a fair price will make your system more attractive to potential buyers.
6. Transfer the System’s Ownership
Once you’ve found a buyer for your Clover POS, you’ll need to transfer ownership. This process typically involves resetting the system to its factory settings, ensuring the new owner can set it up with their own merchant account and software. Be sure to clear any sensitive data and remove any linked accounts to protect both you and the buyer. You may also need to provide the buyer with any original documentation, warranties, or instructions to help with the setup process.
7. Be Aware of Fees or Charges
Keep in mind that some reselling options might come with fees. Online marketplaces like eBay often charge listing fees or a percentage of the final sale price, while POS resellers may offer lower buyback prices to cover their costs. Factor these fees into your selling price to ensure you’re getting a fair return on your investment.
Frequently Asked Questions
- Can I sell my Clover POS system if it’s still under a contract? If you’re still under contract with Clover, you may not be able to sell your POS system until the contract ends or the equipment is fully paid off. Check your agreement to ensure you’re not violating any terms by selling it.
- Do I need to remove my merchant account before selling the Clover POS? Yes, before selling your Clover POS, you’ll need to disconnect it from your merchant account and remove any personal data. This ensures the new owner can set up their own account without issues.
- What if the buyer encounters issues with the system after purchase? Make sure you clearly communicate the condition of the system to the buyer and set expectations. Once the sale is complete, most sales of used POS systems are final, but you may want to offer support for basic setup or installation if agreed upon.
- Can I sell my Clover POS if I’ve never used it? If the system is new and unused, it may have more resale value than a used one. Just be sure that it’s not locked to any specific account, and consider keeping the original packaging to make the sale more attractive.
- Should I contact Clover before selling my system? It’s a good idea to contact Clover, especially if you’re unsure about any account-related or hardware restrictions. They may be able to provide advice or help you reset the system to make it easier to sell.
Selling your Clover POS system is possible and can be a good way to recoup some of your investment. By ensuring the system is in good condition, following the proper procedures to remove locks and account information, and finding the right platform to sell, you can make the process smooth and hassle-free.
