In the payment and ESP industry, the Early Termination Fee, often abbreviated as an ETF, is the price paid by a merchant to terminate his contract before the term of the contract is due. Unfortunately, it is customary for merchants to block dealers within 3 years or more of durations, leaving the processor to the buyer on the monthly fee. The unlucky trader has no recourse until the end of the term, or they can terminate prematurely “for good reason” and point out the ongoing disputes of the buyer if they refuse to pay the fees, as we have already shown. I`m working on Toast, and earlier this month we released a press release announcing our first set of partners that pos.toasttab.com/press/api-partner-program our API. Suppose a trader valued at $1 million/year registers with Toast on January 1, 2015. Toast “hits or hits” the effective processing rate of 2.2%, and because there is a fair amount of competition on the Toast deal is hot with deep discounts on hardware and software – say 50%. Toast signs the merchant for a three-year term. According to Toast, the distributor pays the total cost of the hardware and implementation (US$7,000), the total price of the software for the lifetime (three years in this scenario or USD 7,200) and “all additional costs for services provided up to the termination date (for example.