What if the merchant doesn’t meet these requirements?
- If the $15,000 per month minimum (the average of the total months processing with EPX, divided by the total amount processed during that time) is not met, the merchant will be charged a $50/month fee on top of the monthly license fee of $49.
- If the merchant cancels inside of the 36-month contract, there are cancellation fees. (75% of the total amount due to complete the 36-month contract based on $49 a month license fee)
- If the merchant cancels the processing they are subject to the same cancellation fees.
- If the merchant chooses to stop EPX EDGE pricing but keep the system, they will be charged the retail price of the bundle ($1,299).
*Must be verified with a statement