Variable Contract Terms
Smart Money EPS keeps its pricing details private, with no client testimonials specifying the rates or fees charged. The company’s typical merchant agreement is thought to be a resold First Data (Fiserv) contract. Standard First Data (Fiserv) contracts usually include a multiyear term, a $495 early termination fee, a $19.95 monthly PCI compliance fee, and tiered pricing. Rates for monthly processing of up to $50,000 are typically 2.69% plus $0.19 swiped and 3.69% plus $0.19 keyed-in, with reduced rates for higher volumes.
As a reseller of First Data (Fiserv), Smart Money EPS may adjust these terms based on various business factors. However, without specific information on Smart Money’s rates and fees, businesses should consider First Data (Fiserv) as a baseline reference.
Possible Equipment Leases
Smart Money EPS mentions the possibility of equipment leasing for clients opting not to purchase. Such leases are likely through First Data Global Leasing, known for long-term, non-cancellable agreements that often exceed the equipment’s purchase cost. Businesses are generally advised to buy a quality EMV terminal rather than lease.
No Red Flags
No specific complaints have been found regarding Smart Money EPS’s pricing. The absence of negative feedback suggests client satisfaction with their pricing structures. Given the potential variety in pricing, businesses should be vigilant in identifying and understanding any less favorable terms in their Smart Money EPS contracts.
For additional comparisons, readers might explore our list of the best merchant accounts.
