Custom Pricing Likely
Public details on Inovio’s rates and fees are limited, although its gateway agreement is accessible online. This agreement mentions a separate fee schedule that is provided once terms have been negotiated, suggesting tailored pricing.
The agreement specifies an early termination fee equal to 50% of the remaining fees due upon contract cancellation. This could indicate custom pricing arrangements or reflect Inovio’s e-commerce solutions being offered as part of North American Bancard merchant accounts, potentially allowing North American Bancard representatives flexibility in setting Inovio’s pricing and fees.
Terms May Resemble North American Bancard’s
Merchants with North American Bancard have reported unexpected monthly and annual fees and rates higher than initially anticipated. Given Inovio’s relationship with North American Bancard, it is advisable for merchants to thoroughly review their contracts, as Inovio’s terms might not align with the most affordable merchant accounts available.
An “A” For Now
With scant definitive information on Inovio’s pricing and an absence of complaints regarding its payment gateway agreement, Inovio currently holds an “A” rating in this category. However, merchants should diligently inquire about all potential terms associated with North American Bancard. If you possess insights into Inovio’s standard contract details, such as monthly minimum or PCI Compliance fees, sharing this information in the comments section would be greatly appreciated.
Merchants are also encouraged to explore our list of the best merchant accounts for more options.
