Why Choose a Payment Processing Provider With No Long-Term Contract?

The payment processing industry is notorious for its hard-to-understand rates, long-term contracts and hidden fees. It can be frustrating for small business owners to choose the right payment processing provider and navigate through complex rate structures, interchange fees, payment terminal hardware, POS software and everything that comes with accepting credit card payments.

Luckily, there are payment processing providers out there who offer no long-term contracts, making choosing the right services for your business less stressful. The following are some of the key advantages of selecting a provider who does not lock you into a lengthy contract:

Your Services Can Grow With You
The payment processing services you include in your contract as your small business is just getting started may not meet your needs a year (or even a few months) down the road. When you sign a long-term contract, you run the risk of outgrowing your chosen solution and could find yourself unable to make the changes you need to better suit your growing business. As you succeed and process an increased volume of transactions, your initial rates and agreement may end up costing you more than necessary. If you need to make changes to the types of payments you process or want to offer online payment processing or mobile options, you have the option to add to your services when you’re not locked in.

You Can Switch if You’re Unhappy
When you’re locked into a contract with your payment processing provider, you can feel stuck, as making a switch will incur hefty cancellation fees. If you’re unhappy with your rates, the customer service you’re receiving, or even your POS hardware, this can be extremely detrimental to your business and its profits. By opting for a merchant services provider with no long-term contracts, you have the freedom to switch providers if necessary. This freedom allows you to receive the quality of service your business deserves, and in turn, provide better service to your customers.

You Get the Best Rates
No long-term contracts mean you are never locked into agreed upon rates for 3-5 years or more. Many payment processing providers like MALAQY offer transparent pricing structures and guaranteed Cost + pricing so you’ll always know that you’re getting the most cost-effective billing method in the industry.

By choosing a payment processing provider with no long-term contracts and no cancellation fees, your small business can feel comfortable in this incredibly important decision. At MALAQY, we offer affordable payment processing solutions with no hidden fees, transparent billing, and guaranteed Cost + pricing.

Discover more about the advantages of MALAQY and our payment processing for small businesses like yours by contacting us today!

BLOG POSTS

ADDRESS

295 Waterloo Street.
London, Ontario. N6B 2N5

CONTACT

Toll Free:
1-855-625-2791
Fax:
1-855-738-8124
E-mail:
info@MALAQY.com

SOCIAL

BBB Accredited

Click for the BBB Business Review of this Credit Card - Merchant Services in London ON

BUSINESS HOURS

Monday: 9am to 5pm
Tuesday: 9am to 5pm
Wednesday: 9am to 5pm
Thursday: 9am to 5pm
Friday:9am to 5pm
Saturday: Closed
Sunday: Closed

DISCLAIMER

MALAQY GROUP is a registered MSP/ISO of the Canadian branch of U.S. Bank National Association and Elavon. New applicants are subject to conditions and approval of the application by MALAQY GROUP and its partnering banks.

SALES OFFICE

SALES OFFICES

We offer technical support for all your business needs in London, Windsor, Montreal, Kitchener, Toronto, and Ottawa.