Be Careful While Signing Up With Chase Payment tech

Well! If you are planning to enter into an agreement with Chase Payment tech please, and really! Please read through the fine print on the contract. Understand the payment terms very carefully. Trust me things aren’t as simple as they look! Ask questions, however silly they may seem. Clarify each and every point, especially when it comes to the service charges and merchant account set up terms. Be sure to understand the contract termination clauses.

Basically, ensure that you read the service contract – A to Z. Why am I so hyper about Chase Payment tech? Well! My story is very short. I had signed up with them for a POS service 2 years ago. Things were fine till a friend suggested I was paying an exorbitant service rate for the merchant account with Chase.

Naturally that got me thinking, after all a businessman’s first thought is to get quality service at lower rates. And when there are other providing the same service at a competitive rate, why subscribe to an expensive service.

I decided to shift my account with another provider and initiated the contract cancellation process. That is when I was told I’d have to pay a cancellation fee. When I protested and claimed that I wasn’t informed about it when signing the contract, they accused me of not having read the FINE PRINT!