i read something regarding someone wanting to accept credit cards and someone recommended North American Bankcard. you will want to read your contract very carefully they charge a ,200 cancellation fee.
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That fee is insane. Easily the highest I have heard of. I have heard Card Service International is about $495 which is also very high.
A cancellation fee should NEVER be higher then $300. But then again, you should try to avoid a merchant account provider that has a contract altogether. There are providers out there that offer month-to-month contracts that allow you to leave at any time without penalty. Always do your best to find a provider with this kind of contract as it ensures you that they will treat you well because they know you can leave at any time.
The devil is in the details. Thanks for the ‘heads-up’.