Smart merchants deal with knowledgeable, responsive organizations that disclose all fees and are the primary providers of bankcard processing services. Here is a list of possible questions you may have about account terms, many of which are not routinely or openly disclosed by banks and merchant services providers. Typically one-time charges. They range from zero to several hundred dollars. Determine when the fee is payable, and if it is refundable, if the application is declined.
New merchants pay more than established merchants.
Generally, our application fee, if required, is collected when an application is submitted. More often than not, these are outrageously abusive contracts. At their worst, they grossly inflate the cost of otherwise reasonably priced equipment and software. Reasonable lease terms do exist, but they are rare. Please take a look at our article on Lease vs. Purchase .