| Term | Detail |
|---|---|
| Initial term | 36 monthsMerchant One (opens in a new tab) · Contract or terms · From the Program Guide Merchant One posts on its site (version MerchOne_NO_2411); it names Wells Fargo as the sponsor bank, while Merchant One's site now lists KeyBank, Citizens and Pathward, so your agreement may differ. |
| Automatic renewal | Doesn't renew automaticallyMerchant One (opens in a new tab) · Contract or terms · No renewal term: after three years it continues until either side ends it in writing, and fees keep running until you do, even if you stop using the account. |
| Notice to avoid renewal | Not needed: it doesn't renew automatically |
| Early termination fee (ETF) | Quote onlyMerchant One (opens in a new tab) · Contract or terms · If you end the agreement in the first three years, or it ends because of your default, you pay the early termination fee written in your Service Fee Schedule, if any; your monthly minimum stops when it's paid. From the Program Guide Merchant One posts on its site (version MerchOne_NO_2411); it names Wells Fargo as the sponsor bank, while Merchant One's site now lists KeyBank, Citizens and Pathward, so your agreement may differ. |
| How the ETF is calculated | Set in your application or quote; not published. |
| Right to raise prices | Merchant One's processor may raise fees or add new ones at any time with 30 days' notice, and you may end the agreement without penalty before they take effect; card network changes are passed through as they happen (§26.4, §26.5, §31.3).Merchant One (opens in a new tab) · Contract or terms · From the Program Guide Merchant One posts on its site (version MerchOne_NO_2411); it names Wells Fargo as the sponsor bank, while Merchant One's site now lists KeyBank, Citizens and Pathward, so your agreement may differ. |
This is general information about published contracts, not legal advice: read your own contract and check with a lawyer before you sign.