Free POS & Free Terminal Programs
This promotion is valid for one free POS system or credit card terminal per active merchant account. Any additional free equipment requested requires written manager approval. If Agent/ISO offers any additional free equipment without prior approval, they are responsible for covering the cost of the unapproved equipment. Only complete applications submitted with all required documentation will be considered for any bonus payout.
Merchant must be setup on Cash Discount Pricing to qualify for any free equipment. Exceptions can be made on a case-by-case basis, and only when the merchant has a minimum monthly processing volume of $75,000.
The provided equipment is the property of Direct Processing Network, and may not be sold, exchanged, or transferred without the permission of Direct Processing Network. As long as the merchant is processing with Direct Processing Network, the equipment shall remain on the business premises.
Merchant agrees to begin utilizing the provided equipment for all their payment processing within 30 days of installation. Failure to begin processing within 30 days of installation could result in the merchant being charged 100% of the current market value cost of the equipment.
Should the merchant account be cancelled at any point, equipment is to be returned undamaged, and in working condition within 7 days of account cancellation request. Either the Merchant or the Agent/ISO is responsible for paying all shipping fees associated with sending back the equipment. Failure to return the equipment within 7 days of cancellation could result in the Merchant or Agent being charged 100% of the current market value cost of the equipment.
Merchants will not be billed for equipment because of any errors made or failure to disclose fees or costs associated with the Free Equipment Program or opening a merchant account by the Agent/ISO. If Agent/ISO does not follow procedures during installation and Merchant requests to cancels or requests to change terms/agreement within 30 days of installation, Agent will be responsible to pay the full market value for the equipment provided to the Merchant. Any miscellaneous adjustments may be applied to your next bonus or residual payout.
Activation Bonuses
ISO shall be paid by Provider for each Approved Merchant Account referred. Activation Bonus payment should be remitted on the Tuesday after Referred Merchant processes its first $500 in transactions. 100% bonus claw-back for any Referred Merchant that stops processing or does not process within 30 days of activation. Activation bonuses will vary based upon each ISO’s Schedule A.
