Accept credit cards simply and affordably.
With TransFreedom®, you can break free from complicated card payment processing for your small business, avoid multiple fees, and concentrate on growing your business with:
- No hidden fees
- No-hassle statement reconciliation
- EMV-enabled terminal, internet gateway, or mobile device
You know your business better than anyone else so you should decide how much you pay for merchant card services. TransFreedom® gives you the flexibility to decide what fee structure works best for you, based on your monthly payment processing volume and average ticket size. All plans include:
- Visa®, Mastercard®, Discover®, American Express®, and PayPal™ Processing Fees
- Data breach coverage
- PCI Compliance Fee included
- Next day funding
- Online reporting access
- No annual fee
- Supplies, including shipping costs, up to 3 rolls per month
Schedule A
Average Ticket $20 OR MORE
Monthly Plan | Monthly Processing Allowance | Monthly Fee | Additional Volume1 | Apply |
1 | $0 - $1,500 | $39 | $20 | Call |
2 | $1,500 - $3,500 | $79 | $20 | Call |
3 | $3,500 - $6,000 | $129 | $20 | Call |
Schedule B
Average Ticket $19.99 OR LESS
Monthly Plan | Monthly Processing Allowance | Monthly Fee | Additional Volume1 | Apply |
1 | $0 - $1,500 | $79 | $20 | Call |
2 | $1,500 - $3,500 | $129 | $20 | Call |
3 | $3,500 - $6,000 | $225 | $20 | Call |
Here's an example of how TransFreedom® merchant services works.
If your average ticket size is $20 and your average monthly payment processing volume is $2,800, you would select Plan 2 from Schedule A — giving a flat monthly rate of $79. The plan range provides flexibility for months where your volume is higher than average. Should your volume exceed expectations, you will be automatically billed in $20 increments from each $500 in processing volume needed. As your business continues to grow, simply request a change to the next plan level and continue to save!
We’re always here to support you if you have questions about which plan is best for you.
To learn more contact our Merchant Solutions team!
1 Bangor Savings Bank offers card processing services in partnership with Global Payments Inc. Fees are based on monthly processing volume and average ticket size. In addition to your TransFreedom monthly fee, automatic volume purchase billing may apply to volume processed in excess of the current pricing tier at a rate of $20 per every $500 in additional processed volume. No refund will be provided if the actual average volume is lower than the tier maximum of the plan. Certain restrictions and exclusions apply. Merchant account is subject to credit approval. Offer subject to change without notice.