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07/12/2016 (5)
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07/12/2016 (5)
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Last modified
9/29/2016 11:50:50 AM
Creation date
9/29/2016 11:50:07 AM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
07/12/2016
Meeting Body
Board of County Commissioners
Subject
Fellsmere Roads
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� <br /> Schedule AhmMerchant Agreement Merchant Name: Invoice Cloud, Inc. <br /> For Transactions for: County ofIndian River-Board mfCounty Commissioners <br /> tax ID based on Merchant Category Code (MCC), dollar volume, ough <br /> physical Visa card is present or not present at the time of the transaction. This fee can vary monthly <br /> Payment Brand Fees <br />� A substantial amount of the fees that we charge for processing Tmn000hnnn consists of charges that we must pay to the Payment <br />� <br /> Brands and oond 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 Aan "Payment Brand Fees") include but are not|imhedVo. intemhonge. onxouomento. 5|etxonomisoionfoou. pmoeooingfeeo. nn�mrkoouooufeeo. ondomaabonder8oa'.Whether <br /> particular Payment Brand Fee applies is based on several factors, like the typo of Payment Instrument presented, specific <br /> infonnohoncontained v�thinthe Transaction, how and when the Transaction iupmc000ed. and the mencho/�'ndomicile and�industry. <br />� P|oano note that Paymen0och may, from time tntime, elect not Vocharge you for certain exisUng new orinc�ased Payment BrandFneo. If we elect not to charge you, we still reserve the right to begin changing you for existing, new or increased Payment Brand <br /> Fees u\any time inthe future, upon notice 0oyou Nosuch Payment Brand Fees will beimposed retroactively <br /> Additional information about significant Payment Brand F000 (Interchange and Axueaxmonh), can be found at: <br /> *MasterCardwww.chasepavmentech.com/interchange and assessment understanding.html <br /> eoxoonoo the MasterCard Acquiring License Fee annually to each Acquirer boxed on the total annual volume of <br /> MasterCard-branded oa|ox (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 due upon Termination <br /> In 000mon to the other amounts due under this Agreement (including without |imheUon, the fees and charges described in this <br /> Schedule A), you may owe on amount inthe event you terminate this Agreement. Whether you will owe that amount, and how <br /> much you v�Uowe, wiUwith <br /> o� n.tho —'"Termination" <br /> section. <br /> Volume Schedule <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 0nPaymen1eohand continues for the term ofthe Agreement. YVoagree$urebate fees only inthe case where wefail Vo <br /> reduce the transaction fee when Merchant's volume reaches the next grid level <br /> ' . <br /> Internal Pavmentech Use Only Rev 07116 <br /> Paymentech Contract No 063576 Page 4 of 4 Date. July 6,2016 <br /> 167 <br />
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