Understanding that $295 and up to change your processor
I love Netflix – it’s a great service. I feel like I get a bargain for the $9 or $10 per month I spend. Netflix continues to invest in quality content, the deliverability is stellar, and the interface is super friendly. So go buy some stock already… Seriously though, it’s a great service. But even a great service might get old. I may get tired of it. I may move to a Yurt on the side of a mountain in northern Wyoming without reliable internet service. If I were to cancel my Netflix service, I would be charged $0.
So why is it that if you want to cancel a merchant processing agreement, you have to pay anywhere from $300 to $3,000 to do so? There’s no “cost” to cancel a merchant agreement [Read more…]