TRAPPEDThere are a number of companies who have termination fees, and not light ones either...
Some companies charge over $500 if a merchant wants to terminate the contract.
worst I've seen is a company who calculates their profit on a monthly
basis, and will not allow the merchant to terminate without paying the
entire amount of their anticipated profit until the end of the contract
(this is a three year contract).
This is the equivalent of saying
- you're going to buy all of your car's gasoline from my gas station -
AND - if you decide to buy it somewhere else - you still have to pay me
the profit I would have made on your future purchases.
Whatever you do - don't sign with a company who has a termination fee.
It's a look into how they will treat you as a customer.