What other types of fees do you charge?
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You can see all fees applicable to you on your Merchant Agreement Contract. In general, we apply three types of fees: processing, regulatory and monthly fees. However, we also apply miscellaneous fees, such as the ones listed below:
| Fee | Description |
| Tax Identification Number / Tax Filing Name Invalid Fee | A fee charged each month where an inaccurate federal taxpayer identification number and/or legal business name is identified |
| Merchant Club Fee | Monthly fee for 6 rolls or paper and 1 ribbon per month at no cost, where shipping and handling aren’t included |
| Customer Service Fee | Monthly fee for providing customer service and general overhead |
| Statement Fee | Associated with the monthly statement you receive at the end of each monthly processing cycle. This fee isn’t directly linked to paper statements but rather general overhead. |
| Paper Statement Fee | Associated with the monthly statement you receive at the end of each processing cycle when you have opted for receiving paper statements. |
| Debit Access Fee | Associated with access to accept PIN-based debit cards |
| Annual Fee | Associated with paying for costs related to maintaining your account |
| Application Fee | A one-time fee charged when you first apply for a merchant account. |
| Inactivity Fee | Applied when you don’t process any card sales transactions or don’t have any card transaction processing volume for 3 consecutive months. The fee covers maintenance costs and keeping your account secure. |
| Early Termination Fee (ETF) | Applied when you terminate your processing agreement before the contract term is complete. This fee is outlined in the Merchant Processing Agreement and covers the costs associated with prematurely ending the relationship. The amount of the fee can vary depending on the terms of your contract. |
| Non-Returned Equipment Fee | Applied when you receive loaned equipment through the Equipment Placement Program (EPP) and fail to return it within 10 days of closing your account. This fee covers the cost of the unreturned equipment and encourages timely returns. |
| DDA Change Fee | Applied when there has been an update to the bank account (Demand Deposit Account) where your deposits or debits are processed. This fee covers the administrative work involved in verifying and updating your banking information in the system. |