| Term | Detail |
|---|---|
| Initial term | 36 monthsElavon (opens in a new tab) · Contract or terms · Elavon's Terms of Service, which govern U.S. Bank Payment Solutions, set a 3-year initial term, even though U.S. Bank's POS page says its plans carry no long-term commitment, its smart terminal page says "Short-term commitment" and Elavon publishes $0 early termination fees. The terms give you no early exit right: you leave at the end of a term with written notice, for an uncured material breach by Elavon or for force majeure; Elavon can end the agreement at any time. |
| Automatic renewal | Renews for 24 monthsElavon (opens in a new tab) · Contract or terms · |
| Notice to avoid renewal | 30 daysElavon (opens in a new tab) · Contract or terms · |
| Early termination fee (ETF) | $0, as published on Elavon's pricing page. Its terms still set a 3-year term that renews for 2 years unless you give written notice at least 30 days before it ends, and they don't give you a right to leave early; the application you sign isn't public.Elavon (opens in a new tab) · Vendor website · |
| How the ETF is calculated | The terms don't set an early termination fee. |
| Right to raise prices | Fee changes take effect upon notice unless a later date is given, and Elavon can pass on fee increases from card networks and other third parties (§17.12).Elavon (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.