TransFreedom

Accept credit cards simply and affordably.

With TransFreedom®, you can break free from complicated 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 services. TransFreedom® gives you the flexibility to decide what fee structure works best for you, based on your monthly processing volume and average ticket size. All plans include:

  • Visa®, MasterCard®, Discover®, American Express®, and PayPal Processing Fees
  • Data Breach Insurance
  • PCI Validation
  • 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
Volume*
Apply
1 $0 - $1,500 $39 $20 Call
2 $2,500 - $3,500 $79 $20 Call
3 $5,000 - $6,000 $129 $20 Call
Schedule B
Average Ticket $19.99 OR LESS
Monthly
Plan
Monthly Processing
Allowance
Monthly
Fee
Additional
Volume*
Apply
1 $0 - $1,500 $79 $20 Call
2 $2,500 - $3,500 $129 $20 Call
3 $5,000 - $6,000 $225 $20 Call

Here's an example of how TransFreedom works.

If you average ticket size is $20 and your average monthly 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 form 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. For more information, email us at merchantcardservices@bangor.com or call 1.877.Bangor1 (1.877.226.4671).

Bangor Savings Bank offers card processing services in partnership with TSYS | TransFirst, LLC. 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 $20.00 per every $500.00 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.

*Additional volume processed by merchant will be automatically purchased and billed to merchant at $20 for every $500 in volume that exceeds the Monthly Processing Volume Allowance.

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