Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Do credit card processors charge a termination fee if a merchant wants to switch to a different company?

April 26, 2017charge COMPANY credit card different fee merchant processors Switch termination wants

0

Posted

Do credit card processors charge a termination fee if a merchant wants to switch to a different company?

1 Answer

0

Posted

Yes. Most credit card processing contracts last for one to three years, and processors charge a fee of a few hundred dollars to merchants who decide to cancel their contract early.