| Term | Detail |
|---|---|
| Initial term | 36 monthsPaysafe Payment Processing Solutions, LLC and PNC Bank (opens in a new tab) · Contract or terms · From the merchant terms Paysafe posts for its PNC Bank program (version 09/2023, revised March 2024); Paysafe also posts versions for other sponsor banks, and your agreement may differ. |
| Automatic renewal | Doesn't renew automaticallyPaysafe Payment Processing Solutions, LLC and PNC Bank (opens in a new tab) · Contract or terms · No renewal term: after three years it continues until you end it with 30 days' written notice. |
| Notice to avoid renewal | Not needed: it doesn't renew automatically |
| Early termination fee (ETF) | Quote onlyPaysafe Payment Processing Solutions, LLC and PNC Bank (opens in a new tab) · Contract or terms · If you end the agreement before the three-year initial term is over, or Paysafe ends it for your default, you pay liquidated damages in the amount written in your Merchant Application, on top of other amounts owed. No fee if you leave within 90 days of a Paysafe fee change (not card network changes) or after Paysafe fails to cure a material breach. From the merchant terms Paysafe posts for its PNC Bank program (version 09/2023, revised March 2024); Paysafe also posts versions for other sponsor banks, and your agreement may differ. |
| How the ETF is calculated | Set in your application or quote; not published. |
| Right to raise prices | Paysafe may change its fees with 30 days' written notice, and you may then leave without the early termination fee within 90 days; it can adjust fees without notice if your volume, average ticket or way of doing business differ from your application, and pass on card network changes with or without notice (§14.2-14.4).Paysafe Payment Processing Solutions, LLC and PNC Bank (opens in a new tab) · Contract or terms · From the merchant terms Paysafe posts for its PNC Bank program (version 09/2023, revised March 2024); Paysafe also posts versions for other sponsor banks, and 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.