KBO Payment Processing Contract Terms
The standard KBO Payment Processing merchant agreement is a contract through First Data (Fiserv) that appears to include a non-cancellable equipment lease. The specific details of the company’s early termination fee, PCI Compliance fees, rate structure, and other fees are not listed in this document, and given the size of First Data (Fiserv), these figures are probably subject to variation depending on a merchant’s size, business type, and time in business.
Though pricing and fees of a merchant account will vary by reseller, First Data (Fiserv) typical rates and fees are included in this review for reference. Merchants who process up to $50,000 each month will receive a swiped rate of 2.69% plus $0.19 and a keyed-in rate of 3.69% plus $0.19. Merchants whose monthly charges exceed $50,000 will receive a swiped rate of 2.29% plus $0.19 and a keyed-in rate of 3.29% plus $0.19. First Data allows resellers to choose between selling month-to-month contracts or service agreements ranging from one to five years.
Most First Data (Fiserv) agreements involve a minimum service length of two to four years, an early termination fee of up $495, and a PCI Compliance fee of $19.95 per month. Merchants also have reported costly, non-cancellable equipment leases lasting for up to 48 months through First Data Global Leasing.
Virtual Terminal and Payment Gateway Pricing
In addition to its storefront payment processing services, the KBO Payment Processing merchant application conveys that the company relies on Payeezy, powered by First Data (Fiserv), for its virtual terminal and payment gateway. Payeezy offers 2 separate plans, the Basic Plan and Pro Plan. Neither plan charges setup fees, statement fees, or gateway fees. The Basic Plan charges a rate of 2.90% plus $0.30. Meanwhile, the Pro Plan offers a lower rate of 1.89% plus $0.23 and a monthly fee of $19.95.
No Contract Complaints
At this time, there are no KBO Payment Processing complaints about their contract on any consumer protection websites. This indicates that most of the company’s clients are satisfied with their service and may suggest that the KBO Payment Processing contract terms are competitive with the cheapest merchant account providers. We also encourage merchants to check out our list of the providers of the best merchant accounts.
Nathan Cheryl
I’ve been using KBO Payment Processing for my business for the past year, and I have to say, it’s been an absolute game-changer! As an entrepreneur, I understand the value of smooth and efficient payment solutions, and KBO has delivered beyond my expectations.
Their platform is incredibly user-friendly and easy to navigate. From the seamless onboarding process to the quick integration with my existing systems, I was up and running in no time. Gone are the days of complicated payment gateways that required a tech wizard to figure out!
One of the standout features of KBO is their lightning-fast transaction processing. My customers have noticed the difference too – payments are processed smoothly and without any delays, which has helped boost my credibility and customer satisfaction. Plus, the peace of mind that comes with their robust security measures is priceless.
Whenever I’ve had questions or needed assistance, their customer support team has been there to lend a helping hand. I appreciate the personalized attention they provide; it feels like having a dedicated support staff just for my business.
Not to mention, their competitive pricing has saved me a significant amount on transaction fees compared to other processors I’ve used in the past. It’s always a relief to find a reliable service that doesn’t break the bank.
In summary, I can’t recommend KBO Payment Processing enough! They have revolutionized the way I handle payments, making my life as a business owner so much easier. With their user-friendly platform, efficient transactions, top-notch support, and cost-effective pricing, KBO has truly become an indispensable partner in my entrepreneurial journey. If you’re looking for a payment processing solution that ticks all the boxes, look no further – KBO is the way to go!