Variable Contract Terms
Current information about Strategic Payment Systems (SPS) rates and contract terms is limited. As a reseller of NPC merchant accounts, SPS’s basic contract is likely reflective of NPC’s standard terms. Typically, NPC’s contract includes a three-year term, auto-renewing for two years, with a $250 early termination fee and a $20 monthly PCI compliance fee. However, SPS and its sub-ISOs may adjust these terms as needed.
A standard NPC merchant agreement also includes a 48-month non-cancellable equipment lease. These leases often lead to businesses paying significantly more than the equipment’s actual cost. Additionally, these leases persist even if a merchant agreement is cancelled, independent of any early termination fee payments.
Virtual Terminal and Payment Gateway Pricing
Alongside its in-store payment processing, Strategic Payment Systems promotes its virtual terminal and payment gateway services. Specific pricing for these services is not publicly disclosed. Commonly, additional rates and fees such as gateway fees, technical support fees, batch fees, and transaction rates are applicable to these e-commerce services.
No Contract Complaints
The absence of Strategic Payment Systems complaints regarding pricing and contract terms suggests that SPS might offer satisfactory terms. Nonetheless, it’s uncertain whether SPS’s pricing is as competitive as the most affordable merchant accounts. Readers with insights into the standard Strategic Payment Systems contract, including monthly minimum fees, statement fees, and pricing structures, are encouraged to share their experiences in the comments below.
