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07/12/2016 (4)
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07/12/2016 (4)
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Last modified
12/8/2020 10:12:36 AM
Creation date
6/28/2017 10:58:04 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
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Schedule A&mMerchant Agreement Merchant Name: Invoice Cloud, Inc. <br />For Transactions for: County mfIndian River -Board wfCounty Commissioners <br />� <br />Visa Fixed Acquirer Network Fee - Visa Fixed Acquirer Network Fee is a monthly fee assessed by Visa per <br />tax ID based on Merchant Category Code (MCC), dollar volume, number of merchant locations, and whether the Pass -Through <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 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 0ointhis Schedule Aoo"Payment Brand Fees") 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 uoveno| todmm. 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 10charge you, we still reserve the charging you for existing, new cvincreased Payment Brand <br />Fees o1any time inthe future, upon notice Voyou. Nosuch Payment Brand Fees will heimposed retroactively. <br />Additional information about significant Payment Brand Fees (Interchange and Amuoosments), can be found at: <br />www.chasepaymentech.com/interchange and assessment understandinghi!nl <br />*MasterCard assesses the MasterCard Acquiring License Fee annually to each Acquirer based on the total annual volume of <br />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 due upon Termination <br />In addition to the other amounts due under this Agreement (including without limitation, the fees and charges described in this <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 terms of the Agreement, including, without limitation, the "Termination" <br />section. <br />Volume Schedule <br />The above grid applies VoBank Card, Discover, and Diners transactions i ingoncdthodateofthefirsteubmioakmofBmnkCmnd <br />Transactions toPomontech and continues for the term ofthe Agreement. Weagree horebate fees only (nthe case where wafail tm <br />Intemal Paymentech Use Only: Rev 07116 <br />Paymentech Contract No.: 063576 Page 4 of 4 Date: July 6, 2016 <br />ow <br />The above grid applies VoBank Card, Discover, and Diners transactions i ingoncdthodateofthefirsteubmioakmofBmnkCmnd <br />Transactions toPomontech and continues for the term ofthe Agreement. Weagree horebate fees only (nthe case where wafail tm <br />Intemal Paymentech Use Only: Rev 07116 <br />Paymentech Contract No.: 063576 Page 4 of 4 Date: July 6, 2016 <br />
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