Paymentus Fees Clause Samples

Paymentus Fees. A schedule of Paymentus Fees is attached hereto as Exhibit A. System will charge fees as specified in Exhibit A. For non-utility bills, such Paymentus Service Fee is to be collected in addition to the corresponding Payment as part of the transaction. For each non-utility payment, the Paymentus Service Fee collected will be used to pay the corresponding Credit Card transaction fees or transaction fees associated with Debit Cards or eChecks (hereinafter called “Transaction Fees”) except for the return items (eCheck returns or Credit/Debit Card chargebacks). For all utility-related bills, the City will pay the related Paymentus Service Fee as specified in Exhibit A, which is hereby made part of this agreement. The Paymentus Service Fee for Utility Payments is based on the Average ▇▇▇▇ ▇▇▇▇▇▇, current payment method mix (credit vs debit vs e-check) and on the assumption that the total number of payments and the total Payment Amount collected each month from the use of non-consumer cards shall be under 5% of the total per month (“Fee Assumptions”). Quarterly, Paymentus and the Client shall audit the use of non-consumer cards, and the Client shall be billed an additional Paymentus Service Fee for utility-related Payments based on the rate of 3.5% of the Payment Amount for any excess amount if the Fee Assumptions vary by more than 5% on a quarterly basis. Paymentus can amend this schedule upon prior written notice to the Client, if such change is required due to changes in the Visa and MasterCard regulations or changes in Credit Card fees or changes in the Average Bill Amount or changes in Fee Assumptions.