Interchange-Plus Pricing
Detailed information about Metro Bancard’s standard contract terms is currently scarce. The company’s website does not specify rates and fees or identify its processing partner. To date, there haven’t been any significant online complaints about Metro Bancard’s contract terms. A representative from the company mentioned that they offer an interchange-plus pricing model at 0.25% per transaction, a rate that appears quite competitive.
Metro Bancard also highlights credit card terminals on its website, including equipment from First Data. Notably, they offer equipment leases through First Data Global Leasing for 48 months. Although the company’s pricing seems favorable, merchants should generally consider purchasing equipment outright rather than leasing, as it is usually more cost-effective.
Virtual Terminal and Payment Gateway Pricing
Metro Bancard’s website also features its virtual terminal and payment gateway services. Specific pricing for these services has not been disclosed. Merchants should anticipate potential additional fees, such as gateway fees, technical support fees, batch fees, and other transaction rates, particularly for e-commerce services.
Variable Contract Terms
Metro Bancard may act as a reseller for a larger merchant services processor, though the exact partner remains unidentified. Contract terms are likely influenced by the individual sales agent and vary based on the merchant’s business size, type, and duration. This variability suggests that Metro Bancard’s contract terms could potentially align with or outmatch the most cost-effective merchant accounts. Insights or specifics on Metro Bancard’s standard contract terms, including PCI Compliance fees, early termination fees, and contract length, are welcomed in the comments section.
Business owners are also encouraged to explore our selection of the best merchant accounts.
