Common Junk Fees
Junk Fees
Simple Merchant charges only the minimum fees to maintain an active merchant account. These fees total less than $25.00 in fees outside of processing and interchange fees.
Junk fee could include the following:
-
Equipment Insurance $8-20.00/Mo.
-
Mandatory data breach fees for desk top terminals. No data is stored so why the fee.
-
Subscription Fees $5.00-25.00/mo.
-
Monthly PCI Fees $9.00-29.95/mo.
-
Location Fees $4.00-25.00/mo.
-
Maintenance Fees > $5.00
-
“Insight” Fees $5.00-29.95/mo.
-
Various “Plan” Fees $1.95-29.95/mo.
-
Various Annual Fees
-
Statement Fees $4.95-25.00/mo.
-
Equipment Leasing is total junk. Never lease equipment unless there is a free upgrade term.