Deft Payment Systems Contract Terms
Currently, specific details about Deft Payment Systems’ standard rates or contracts are not widely accessible to the public. It appears that the company tailors its pricing and contract terms based on the unique characteristics of each business, including type, location, and processing history. Given its varied business clientele, Deft Payment Systems may also offer long-term equipment leases tailored to the needs of certain clients.
High Risk, High Fees
Specializing in hard-to-place industries, Deft Payment Systems faces an increased risk of chargebacks and regulatory challenges. To mitigate these risks, both the company and its banking partners are likely to impose higher-than-average transaction fees and might require the setup of a cash reserve. Such practices are common in the payment processing industry, especially for high-risk businesses, which should be prepared for rate quotes potentially above 5%.
No Red Flags
The lack of public complaints concerning Deft Payment Systems’ contract terms indicates a generally positive customer response, earning the company an “A” rating in this area. However, this rating is given with the caveat that there is limited public information on their specific pricing. It is possible that Deft Payment Systems’ contract terms for high-risk businesses might not be as competitive as those offered by the most affordable merchant accounts.
