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| Term | Detail |
|---|---|
| Initial term | Month to monthLoyverse (opens in a new tab) · Vendor website · Add-ons are billed month to month and are turned on or off from the Back Office. |
| Automatic renewal | Doesn't renew automaticallyLoyverse (opens in a new tab) · Vendor website · |
| Notice to avoid renewal | Not needed: it doesn't renew automatically |
| Early termination fee (ETF) | No early termination fee.Loyverse (opens in a new tab) · Vendor website · |
| How the ETF is calculated | The terms don't set an early termination fee. |
| Exclusive processing commitment in the contract | NoLoyverse (opens in a new tab) · Vendor website · |
| Right to raise prices | Loyverse can change its fees, or introduce new pricing packages and terms, at any time with 14 days' prior notice.Loyverse Commerce (opens in a new tab) · Contract or terms · |
| Trial period | 14 daysLoyverse (opens in a new tab) · Vendor website · For each paid add-on. |
Example: leaving in month 12
With our reference profile (Reference: $30k/month in card sales, $35 average ticket, 2 terminals, 1 location, 36 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.