A Real World Example of What this Means
Let’s say a merchant signs a three-year agreement. After six months, the merchant’s average fees are $200. Then the merchant cancels the agreement. The merchant is now responsible for an early termination fee, whichever is the higher of these two numbers: (1) $595 per location, OR (2) since the merchant has 30 months remaining on the initial contract, and they averaged $200 in fees per month, an early termination fee of $6,000.
No Hidden Surprises with Sterling
Sterling values its customers and our goal is to help your business thrive. That means treating you with care, respect and honesty. There are no hidden fees in our processing agreement and no costly surprises.