Card Processing Contract Exit Cost Calculator
An exit fee can be cheaper than staying. Compare what leaving costs today with the savings you give up by waiting, and see what a machine lease still bills either way.
The end date is in the agreement: search it for "term".
Search the agreement for "terminat" and "liquidated".
The fee is
Today's monthly card fees and charges minus the new offer's. The fee calculator works out today's.
Leave now or wait
Leaving now saves $1,125.00
- Exit fee if you leave now$495.00
- Savings you give up by waiting$1,620.00
- Savings pay the fee back in6 months
Leave the old account open until its last deposit and the new processor's first one reach your bank. Cancel in writing, within the notice window your contract sets.
Is it worth paying an early termination fee to switch processors?
Often, yes: if switching saves $90.00 a month, a $495.00 exit fee pays back in 6 months. Compare the fee with the monthly saving times the months left. Truvana Tech reads your contract with you in English or Spanish and marks the term, the exit fee and any lease.
Does closing my card processing account end the machine lease?
No. A card machine lease is a separate contract, often with another company, so it keeps billing until it ends or you buy it out. Find its payment on your bank statement.