| Term | Detail |
|---|---|
| Initial term | Month to monthPaymentech, WePay and JPMorgan Chase Bank (opens in a new tab) · Contract or terms · QuickAccept is a feature of your Chase business checking account and its terms set no minimum term. Standalone terminal accounts set up with an advisor have terms Chase doesn't publish. |
| Automatic renewal | Doesn't renew automaticallyPaymentech, WePay and JPMorgan Chase Bank (opens in a new tab) · Contract or terms · No term, so nothing renews. |
| Notice to avoid renewal | Not needed: it doesn't renew automatically |
| Early termination fee (ETF) | None in QuickAccept's terms: you only owe fees already accrued. Standalone terminal accounts: not published.Paymentech, WePay and JPMorgan Chase Bank (opens in a new tab) · Contract or terms · |
| How the ETF is calculated | The terms don't set an early termination fee. |
| Right to raise prices | Chase can change QuickAccept's fees with 30 days' notice; using the service after that means you accept them.Paymentech, WePay and JPMorgan Chase Bank (opens in a new tab) · Contract or terms · |
Example: leaving in month 12
With our reference profile (Reference: $30k/month in card sales, $35 average ticket, 90% in person, 1 terminal, 12 months), the estimated early termination fee would be $0. Your contract may differ: use the calculator with your numbers.
This is general information about published contracts, not legal advice: read your own contract and check with a lawyer before you sign.