Paymentus Service Fee Sample Clauses
The Paymentus Service Fee clause defines the additional charge imposed for processing payments through the Paymentus platform. This fee typically applies to transactions made via credit card, debit card, or other electronic payment methods facilitated by Paymentus, and is often a fixed amount or a percentage of the transaction value. Its core function is to inform users of the extra cost associated with using this payment service, ensuring transparency and allowing customers to make informed decisions about their payment options.
Paymentus Service Fee. For each payment, Paymentus will charge a Paymentus Service Fee as per Schedule A (hereinafter called “Paymentus Service Fee”). For each 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). A schedule of Paymentus Service Fee is attached hereto as Schedule A. The Paymentus Service Fee is based on the Average ▇▇▇▇ Amount, 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”). Client shall be billed an additional Paymentus Service Fees based on the rate of 3.5% of the Payment Amount for any excess amount if the Fee Assumptions vary by more than 5%. 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 ▇▇▇▇ Amount or changes in Fee Assumptions.
Paymentus Service Fee. For each payment, Paymentus will charge a Paymentus Service Fee as per Schedule A (hereinafter called “Paymentus Service Fee”). For each 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). A schedule of Paymentus Service Fee is attached hereto as Schedule A. The Paymentus Service Fee is based on the Average ▇▇▇▇ ▇▇▇▇▇▇, current payment method mix (credit vs debit vs e-check) and on the assumption that the total Payment Amount collected each month from Non-Qualified Transactions does not exceed 10% of the total card volume of the Payment Amount collected by Paymentus per month for all payment methods (“Fee Assumptions”). Client shall be billed an additional Paymentus Service Fee, referred to as a “Non-Qualified Transaction Fee”, calculated pursuant to the formula set forth below, if the Payment Amount collected each month from Non- Qualified Transactions exceeds 10% of the total Payment Amount collected by Paymentus per month for all payment methods. Paymentus can amend this schedule upon thirty (30) days 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. Formula to be used for calculating Non-Qualified Transaction Fee: Total Payment Amount of Non-Qualified Transactions minus (10% of the total Payment Amount from all payment methods), multiplied by 2.5% = Non-Qualified Transaction Fee Amount.
Paymentus Service Fee. Paymentus will charge each User or Client a Service fee for each Payment (“Paymentus Service Fee”) as provided in Schedule A. If so provided in Schedule A, the Paymentus Service Fee is to be collected in addition to the corresponding Payment as part of the transaction. For each Payment, the Paymentus Service Fee will be collected and Paymentus will pay the corresponding processing and related fees of the Approved Payment Types (“Transaction Fees”) except for fees related to Reversed or Charged-back Transactions. A schedule of Paymentus Service Fees is attached as Schedule A. The Paymentus Service Fee is based on the Fee Assumptions. Client shall be billed additional Paymentus Service Fees equal to 3.5% of the Excess Payment Amount for each month during which there is an Excess Payment Amount. Paymentus may amend Schedule A upon prior written notice to Client if a change is caused by changes in the card or payment system rules or changes in credit card fees or if the Fee Assumptions prove to have been materially incorrect. The amended Service Fee shall take effect 30 days after written notice to Client.
Paymentus Service Fee. For each payment, Paymentus will charge a Paymentus Service Fee as per Schedule A (hereinafter called “Paymentus Service Fee”). For each 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). A schedule of the Paymentus Service Fee is attached hereto as Schedule A. 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 ▇▇▇▇ Amount. In the event that such a change is required, written notification will be provided to the City of ▇▇▇▇▇▇ for review by City Council. Should a change to the Paymentus Service Fee pose a risk of exceeding the Annual Funding Amount, City Council reserves the right to provide six (6) months notice of the cancellation of the contract.
Paymentus Service Fee. For each payment, Paymentus will charge a Paymentus Service Fee as per Schedule A (hereinafter called “Paymentus Service Fee”). For each 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). A schedule of Paymentus Service Fee is attached hereto as Schedule A. The Paymentus Service Fee is based on the Average ▇▇▇▇ Amount, 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”). 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 ▇▇▇▇ Amount or changes in Fee Assumptions.