Various Contract Options
GDpay offers two standard contracts through First Data (Fiserv) and one each through TSYS and First American Payment Systems. While the pricing details for each contract differ, none of them include an early termination fee.
Five-Year Agreement via First Data
GDpay’s initial contract through Fiserv (accessible here and here) spans five years with a $49.95 setup fee, a $24.95 monthly gateway fee, and an included non-cancellable equipment lease. The leasing agreement may be optional if businesses do not require equipment from GDpay, and it’s advisable for clients to avoid signing lease terms if they can afford to purchase terminals outright.
Three-Year Agreement via First Data (Fiserv)
GDpay’s second contract through First Data (accessible here and here) spans three years with an annual PCI compliance fee of $49.95 and a $9.95 monthly statement fee. Unlike the first agreement, this one does not include an equipment lease, but businesses should ensure they aren’t part of any lease agreements in a separate document.
Contracts with TSYS and First American Payment System
GDpay’s contract with TSYS (accessible here and here) spans five years with no early termination fee unless the business operates in Arkansas, where a $50 termination fee applies. This is the only GDpay contract featuring a cancellation fee. GDpay’s contract with First American Payment Systems (accessible here) spans three years with an annual membership fee of $49.95 and a $6.95 monthly account fee.
Virtual Terminal and Payment Gateway Pricing
Alongside its in-store payment processing services, GDPay also promotes its virtual terminal and payment gateway services, known as CardPointe Pay. However, pricing details for these services are not disclosed. Additional GDpay rates and fees, such as gateway fees, technical support fees, batch fees, and additional transaction rates, typically apply to these e-commerce services.
No Termination Fees
Overall, GDpay’s five-year contract terms exceed industry averages, but the absence of termination fees renders this inconsequential. The listed GDpay fees are not exhaustive, so clients should review their final contracts before signing. The company receives an “A” rating in this regard due to the lack of complaints regarding GDpay’s contract terms and its policy of not imposing early termination fees. Nonetheless, business owners should compare all of GDpay’s terms with those of low-cost merchant account providers. We also recommend businesses explore our list of the top-rated merchant accounts.
