Platinum Payment Systems Contract Terms
Details about Platinum Payment Systems’ rates and contract are not widely disclosed. Formerly a sub-ISO of PowerPay, now part of EVO Merchant Services, Platinum’s contract terms may resemble EVO’s. EVO’s agreements typically adapt based on business factors, often including an early termination fee between $250 and $500, equipment leases, and an annual PCI Compliance fee around $120.
Virtual Terminal and Payment Gateway Pricing
Platinum Payment Systems offers virtual terminal and payment gateway services, though specific pricing is not public. Additional fees, including gateway fees, technical support fees, batch fees, and transaction rates, typically apply to these e-commerce services.
No Pricing Complaints
A company representative noted that while Platinum Payment Systems’ standard contract stipulates a multi-year agreement with an early termination fee, clients can exit their contracts without penalty with 30 days written notice. This flexibility is commendable, though it may not align Platinum Payment Systems with the most affordable merchant accounts. The lack of complaints regarding Platinum’s rates and fees suggests customer satisfaction. This context merits an “A” rating for Platinum Payment Systems in terms of client satisfaction with their pricing and contract terms.
For broader options, we recommend readers explore our list of the best merchant accounts.
