Payments processor Leap Payments has said it
intends to offer all business clients a “lifetime rate lock”,
guaranteeing that processing fees charged by the company will never
increase.
The rate lock covers all processing,
authorisation and account service fees.
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“We pride ourselves in our ability to provide
completely open and transparent pricing along with amazing client
support, offering interchange plus pricing with a lifetime rate
lock demonstrates our commitment to being a long term partner to
our clients. No one else offers this guarantee,” said Will
Detterman CEO of Leap Payments.
“Our clients want to know where the bottom is
in terms of the lowest rate possible for their credit card
transactions and we’re committed to not only fully disclosing all
rates and fees, but also no bait and switch, no rate creep, no
surprises. Simply put that’s what every business deserves.”
The fee freeze does not extend to interchange
but Leap Payments has committed to passing those charges on at
cost.
In a statement, the company said “this
programme can only be discontinued if matters outside Leap
Payment’s control make it non-viable.”
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By GlobalData
