– BLENDED FEE / MSC CALCULATION Clause Samples

– BLENDED FEE / MSC CALCULATION. For the ‘Blend Fee’ pricing structure for the MSC, Merchant acknowledges that the underlying Interchange Fee is calculated by Paybyrd based on Traffic characteristics provided by the Merchant and documented in the Merchant Agreement when agreeing the Blend Fee. If the actual Traffic differs materially from the figures provided by the Merchant, ▇▇▇▇▇▇▇ has the right to proportionally adjust the Blend Fee per direct, based on the actual then current Traffic characteristics. Reason for this is that certain types of Transactions (e.g. Transactions made with Credit Cards issued outside Europe for transactions with European Merchants) are charged at higher rates by the Card Schemes than similar Transactions with European issued Cards. For the ‘Interchange Plus’ pricing structure, Merchant acknowledges that the actual MSC is calculated by Paybyrd based on the actual then current Interchange Fee per Transaction attracted by that Transaction, according to Card Scheme Interchange pricing which varies from time to time. The then current Card Scheme Interchange pricing level is published by the Card Schemes. In the Customer Area (internet links to) the then current published Interchange Fees are published. The agreed MSC pricing structure is documented in the Merchant Agreement and on the final rates and customer details form.