Three-Year Contract
The standard Compliant Processing contract is set for a three-year term in collaboration with Elavon, featuring automatic renewal for two-year periods. Additionally, it includes an equipment lease agreement through Ladco Leasing. The company’s rates and fees may significantly differ based on the specific business type, location, and transaction history. It is noted that Compliant Processing engages in long-term, non-cancellable equipment leases, advising businesses to consider purchasing their equipment upfront to avoid such binding agreements.
Compliant Processing CBD Pricing
Compliant Processing previously offered CBD merchant accounts with conditions such as a uniform transaction fee of 3.95% plus $0.25, a monthly charge of $9.95, a one-time setup fee of $49.00, without requiring a cash reserve or imposing an early termination fee. However, these terms might have changed following Elavon’s widespread termination of CBD merchant accounts.
No Red Flags
There are no discernible complaints concerning Compliant Processing’s pricing, suggesting overall client satisfaction with their cost structure to date. Nevertheless, the presence of long-term equipment leases is a consideration that slightly impacts the company’s evaluation in this area. Business owners should meticulously examine their agreements for any unfavorable terms to prevent entering disadvantageous contracts.
Business owners looking for competitive offerings are recommended to explore our curated selection of the top merchant services.
