Terminal lease
On a statement: TERMINAL LEASE: $39.95/MO × 48 MO · BILLED SEPARATELY
A separate, non-cancellable lease for a card terminal, usually billed by a leasing company rather than the processor so it never appears on this statement. $39.95 a month for 48 months is $1,918 for a device that costs $250–$400 to buy — and the lease survives even if you switch processors.
What a fair version looks like
$0. Buy the equipment outright; a good countertop or mobile terminal is a few hundred dollars.
What 321 Swipe would do
We check your bank statements for leasing-company debits, since they never show up here, and help you buy out or run out the lease.
See it on a statement
This isn't a monthly charge — it appears in the contract terms on our sample statement.
Is this on your statement?
Send it and we'll tell you — along with everything else on there that shouldn't be. A phone photo of the fee page is enough.