Three-Year Agreement
The standard contract for Infinity Data Corp, which collaborates with First Data (Fiserv), typically extends over three years. First Data (Fiserv) is known for its variety of contract terms and pricing plans. Generally, their standard contract includes a multiyear commitment with an early termination fee of $495, a monthly PCI compliance fee of $19.95, and tiered pricing. The pricing for merchants processing up to $50,000 monthly includes a swiped rate of 2.69% plus $0.19, and a keyed-in rate of 3.69% plus $0.19. For monthly transactions over $50,000, the rates are 2.29% plus $0.19 swiped, and 3.29% plus $0.19 keyed-in.
Virtual Terminal and Payment Gateway Pricing
Infinity Data Corp also promotes virtual terminal and payment gateway services, though detailed pricing for these services is not explicitly mentioned on their website. It is likely that additional fees, such as gateway fees, technical support fees, batch fees, and further transaction rates are applicable to these e-commerce services.
Industry-Average Terms
Some merchant feedback indicates that Infinity Data Corp may offer free equipment at sign-up, with the condition that this equipment be returned at the end of the contract. Failure to return the equipment promptly could lead to a fee of $195. The terms and conditions of Infinity Data Corp’s contracts seem standard within the industry. The company has a few complaints concerning its rates and fees. For a more comprehensive understanding of merchant account fees and negotiation strategies, merchants can read “Fee Sweep.” If you have precise information about Infinity Data Corp’s contract terms, your input in the comment section below would be highly valuable. View the Infinity Data Corporation Program Guide.
Merchants are also advised to review our selection of the leading merchant account providers.
