Prime Pay Global
Any so-called 0.5% "flat rate" is impossible. You must pay interchange, assessments, access fees which will be well more than 0.5%. The lease enriches Prime Pay Global at your huge expense, and does you no good whatsoever. You will pay out nearly $20,000 for what kind of machine? One that you can buy for less than $400???? You are being scammed.
They will put you on what is called ERR, Enhanced Recover Reduced, which will increase you total fees. Your "downgraded" rate will be 2.99%. The sales person did not tell you that many of your cards will be assessed at the 2.99% factored rate and drive your total fees WAY up. They will drive your fees up to close to $3000 and stick you with a lease for a terminal you probably didn't need in the first place. They are not a processor; they use First Data for processing.
