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To qualify for the Free Terminal Program, sales partners need to sell the merchant a $25 monthly minimum and at least a $5 monthly service charge - just like our production bonus requirements.
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The Free Terminal Program is only available for retail merchants. It's not available for MOTO and Internet merchants.
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Initial installments (new merchant account) will need to show Visa, MasterCard, and/or Discover processing volume of $75K / month to receive a 2nd placement terminal, and $150K / month to receive a 3rd placement terminal.
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Established & Boarded Merchant (existing merchant account) will need to show account earnings before any residual commission payout percentages of $150 / month to receive a 2nd placement terminal, and $250 / month to receive a 3rd placement terminal.
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When selling or leasing terminals under this truly free program, our upfront bonus program does not apply.
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When selling or leasing terminals under this truly free program, your normal 50% split of any colleted termination fees on these merchants will not apply.
The full termination fee will be paid to us to help off-set the cost of equipment.
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