Three-Year Agreement Overview
An earlier version of ePayData’s standard contract suggests a partnership with Priority Payment Systems, implying their current agreements might reflect similar terms. Priority Payment Systems generally enforces a three-year contract with an early termination fee ranging from $195 to $600+, alongside a $129.99 annual fee, a $25 monthly minimum fee, and a non-disclosed PCI Compliance fee“【oaicite:7】““【oaicite:6】““【oaicite:5】““【oaicite:4】“.
Virtual Terminal and Payment Gateway Pricing
ePayData promotes its virtual terminal and payment gateway services, known as SurePay, without specifying rates on their website. Services like these often include gateway fees, technical support fees, batch fees, and additional transaction rates“【oaicite:3】“. Priority Payment Systems offers virtual terminal and payment gateway services through Payeezy, with plans ranging from 1.89% + $0.23 to 2.90% + $0.30 per transaction, notably not charging setup, statement, or gateway fees“【oaicite:2】“.
ePayDonate for Non-Profit Organizations
ePayData offers a specific solution for non-profit organizations named ePayDonate, designed to facilitate donations across multiple channels, including in-person, online, and over the phone. However, detailed pricing for this plan remains undisclosed“【oaicite:1】“.
Flexibility in Negotiating Fees
With ePayData’s use of independent contractors, fee structures might vary by agent, suggesting a degree of negotiability. It’s advised for merchants to discuss these fees to potentially secure more favorable terms, aligning closer with the industry’s most competitive offers“【oaicite:0】“.
Comprehensive Review and Recommendations
ePayData, in its collaboration with Priority Payment Systems, presents a contract structure that includes a blend of fixed and negotiable fees, with particular attention to non-disclosed rates for its virtual services and specialized non-profit plan. While the partnership leans towards standard industry practices, the variability in contract specifics and agent-dependent fee negotiations underscores the importance of thorough review and discussion prior to commitment. Merchants are encouraged to compare ePayData’s offerings with other providers to ensure the best fit for their payment processing needs.
