Can we talk about picking a payment processor by contract length instead of fees? | Canadian Fintech Startups

Blair Martin · 2026-10-17T22:30:02.549983+00:00

Warned a buddy at a Toronto startup last month about chasing the lowest per-transaction rate, since the cheap one locked him in for 36 months with a $2,500 exit fee. We compared his rate against a slightly higher one with a 30 day out clause and the flexibility was worth way more than the 0.2% he was saving. Anyone here actually read the whole contract before signing, or is it just me?

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Can we talk about picking a payment processor by contract length instead of fees? | Canadian Fintech Startups - Babble Community