Merchant services: what is a statement fee?

credit card merchant accounts : iMerchantNetwork.com

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Make Sure You Understand A Merchant Account's
Contract Length and Cancellation Fees
- by Jeff Cohen @ iMerchantNetwork.com

Most banks require at least a 3 year contract and will detail a cancellation fee which they will charge a merchant for terminating the contract early.

This cancellation fee can range from $300 - $400+.

Make sure to read the fine print of your merchant account contract / agreement before you sign anything.

© 2005 iMerchantNetwork.com

[ Return To The Main Merchant Account Page For More Related Articles ]

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