Payment Services Per Event Fees Clause Samples
The Payment Services Per Event Fees clause defines the charges that apply each time a specific payment-related service is provided or an event occurs. In practice, this means that the party using the payment service will incur a separate fee for each transaction, such as processing a payment, issuing a refund, or handling a chargeback. This clause ensures that the costs associated with individual payment events are clearly allocated, helping both parties understand and manage the financial implications of using the payment services.
Payment Services Per Event Fees. These fees are subject to change and are billed as these services are requested by Customer. Notification of Change (NOC) $10.00 Per item Positive Pay Exception (Early Check Cashing) $15.00 Per item Returned Items, voids, reissue, reversals, and stop payments $50.00 Per item Stale-Dated checks voided with funds return to customer – 180+ days $5.00 Per item (min $50) Payroll Adjustments $25.00 Per transaction Assisted off-cycle payroll run $50.00 Per hour (min $200) Standard Garnishment Setup $15.00 Per occurrence Judgements $200.00 Per hour Check Copy $10.00 Per item Direct Mailing of Checks or Advice Postage +$0.20 Per item (min $25) Customer-initiated wire transfers $35.00 Per occurrence Next day ACH File processing (requires cleared funds via Customer- initiated wire transfer) $50.00 Per occurrence Late receipt of funds; plus 18% per annum interest (NSF fee applies if any) $50.00 Per occurrence Manual Data Entry Payroll Tax/Wage Data $75.00 Per Tax ID plus $5.00 per employee Manual Data Entry Tax Data $75.00 Per form per Customer ID per liability data Additional ACH transfers per Employee (2 included) $.35 Per occurrence First NSF plus 2.5% of NSF amount $150.00 Per occurrence Subsequent NSF plus 5% of NSF amount $250.00 Per occurrence