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Custom Pricing
Bindo currently adopts a custom pricing model tailored to the specific needs of each client. Previously, the company offered plans with a flat, all-inclusive monthly fee, varying based on the merchant’s size and POS requirements. The “Lite” package supported 50 customers, two employees, 15 products, and one register for free. The “Basic” package, at $76 per month (or $89 monthly), supported unlimited customers and employees, 1,000 products, and two registers. The “Pro” package increased support to 10,000 products and five registers for $128 per month (or $149 monthly). It’s anticipated that Bindo’s current pricing remains similar, offering flexibility based on merchant requirements.
Virtual Terminal and Payment Gateway Pricing
Alongside its storefront services, Bindo highlights its virtual terminal and payment gateway offerings on its website, though specific pricing details are not disclosed. Rates and fees, including those for gateway use, technical support, batch processing, and transactions, are typically applicable to these e-commerce solutions.
Avoid Equipment Leases
Several reviews and Bindo representatives mention the company’s practice of offering non-cancellable, three-year equipment leasing agreements. While Bindo’s website does not clearly indicate which hardware options are subject to leases, potential clients should inquire about any leasing conditions. It’s generally recommended that business owners purchase equipment outright when possible.
Bindo Fees
Bindo does not impose PCI compliance fees, early termination fees, or other monthly charges. For merchants utilizing Bindo’s integrated processing, the rates are 2.49% plus $0.15 per swiped transaction and 3.49% plus $0.15 per keyed transaction. Merchants have the option to continue with their existing credit card processors, potentially offering very competitive rates. All Bindo plans include free customer support, with 24/7 phone assistance available from the “Pro” tier upwards.
Satisfying Contract Terms
Bindo’s pricing structure is competitive within the iPad POS solution market, with the flexibility to work with various payment processors. The absence of complaints regarding excessive or hidden fees suggests a majority of clients are content with their contractual arrangements with Bindo. To further minimize costs, selecting an affordable merchant account as your payment processor alongside Bindo is advisable.
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