One of the most misunderstood areas of payment processing why everything has a cost/fee. Every business that accepts credit cards is probably be familiar but a little confused about interchange fees associated with card payments, and the other ongoing costs and fees to consider too. Integrations can sometimes have costs of their own.
- Set up fees.
- Lease fees/interest
- Verification fees.
- Any ongoing fees for a payment gateway
Also, if you leave your processor before your contract is up, usually they will charge a termination fee.
Before signing up with anyone, even Turnkey, it’s best to make sure you are clear on all the fees associated with your account and ask questions before making a commitment. Turnkey doesn’t have long term contracts to avoid these termination fees, you are free to leave if you need to but we also make an effort to find a solution that works for you as you grow and adapt.
Another problem area can be the small print. Everyone knows they should read the terms and conditions before entering an agreement. However, research shows that 73 percent of us don’t at all, and 17 percent of those who do look at the terms don’t fully understand them.
Turnkey wants a long term relationship, but not by force. We will go over all the fine print to make sure nothing comes as a surprise.
Contact us today if you are looking for a long term solution to your processing needs, without a long term contract. Or simply want to discuss what, if any integrations are right for you.
