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25C - AGMT MERCHANT PROCESSING SVCS
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25C - AGMT MERCHANT PROCESSING SVCS
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Last modified
10/11/2018 6:34:46 PM
Creation date
10/11/2018 6:07:07 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
25C
Date
10/16/2018
Destruction Year
2023
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DocuSign Envelope ID: 77490F52-CF58-4826-AB2C-2C89947EC063 <br />Schedule A to Merchant Agreement Merchant Name: Invoice Cloud, Inc. <br />For Transactions for. City of Santa Ana <br />Payment Brand Fees <br />A substantial amount of the fees that we charge for processing Transactions consists of charges that we must pay to the Payment <br />Brands and card Issuing banks (or that are otherwise charged to us by the Payment Brands and card issuing banks) under the <br />Payment Brand Rules. These charges (collectively referred to in this Schedule A as "Payment Brand i Include, but are not <br />limited to, interchange, assessments, file transmission fees, processing fees, network access fees, and cross border fees. Whether a <br />particular Payment Brand Fee applies is based on several factors, like the type of Payment Instrument presented, specific <br />information contained within the Transaction, how and when the Transaction is processed, and the merchant's domicile and industry. <br />Please note that Paymentech may, from time to time, elect not to charge you for certain existing, new or increased Payment Brand <br />Fees. If we elect not to charge you, we still reserve the right to begin charging you for existing, new or increased Payment Brand <br />Fees at any time In the future, upon notice to you. No such Payment Brand Fees will be imposed retroactively. <br />Additional Information about significant Payment Brand Fees (Interchange and Assessments), can be found at: <br />www chaseoavmenfech coomnnte,rchange and assessment understanding html <br />'MasterCard assesses the MasterCard Acquiring License Fee annually to each Acquirer based on the total annual volume of <br />MasterCard -branded sales (excluding Maestro PIN debit volume) of its U.S. domiciled merchants. To fairly distribute the fee across <br />all Paymentech MasterCard -accepting merchants, a rate of .004% will be applied to all of your MasterCard gross sales transactions. <br />Amount duo upon Termination <br />In addition to the other amounts due under this Agreement Qncluding with limitation, the fees and charges described in thls <br />Schedule A), you may owe an amount In the event you terminate this Agreement. Whether you will owe that amount, and how <br />much you will owe, will be determined In accordance with the terns of the Agreement, including, without limitation, the "Termination" <br />section. <br />Tier 1 <br />First 1,000,000 <br />1 —1,D00,000 <br />$,03 <br />.05%1 <br />$.03 <br />$.10 <br />Tier 2 <br />Next 9,000,000 <br />1 1,000,001-10,000,000 <br />$.02 <br />.03% <br />$.02 <br />$.05 <br />Tier 3 <br />Over 200,000 <br />10,000,001 + <br />$.01 <br />.02% <br />1 $.01 <br />$.035 <br />The above grid applies to Bank Card, Discover, and Diners transactions beginning as of the date of the first submission of Bank Card <br />Transactions to Paymentech and continues for the term of the Agreement. We agree to rebate fees only In the case where we fail to <br />reduce the transaction fee when Merchants volume reaches the next grid level. <br />Intemaf Paymentech Uso On RevO7115 <br />Paymentech Contract No.: 063576 Page 4 of 4 Date: 8/3/2015 <br />
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