Common use of Compensation to Acquirer Merchants Clause in Contracts

Compensation to Acquirer Merchants. Acquirer shall be solely responsible for negotiating and paying the amount of compensation payable to an Acquirer Merchant, for participating in the Acquirer Program. Any Merchant Compensation payable directly from Acquirer to an Acquirer Merchant shall be payable out of the Gross FX Margin for a Foreign Transaction. Acquirer agrees that in setting the Merchant Compensation it will not generally offer Merchant Compensation across its Merchant portfolio in the Designated Territory, which is significantly higher than the prevailing market practice in the Designated Territory and generally Merchant Compensation shall not exceed [*] of the Purchase Amount. For the avoidance of doubt, if Acquirer wishes to offer Merchant Compensation in excess of that amount in order to secure the business of a Strategic Merchant, such increased payment amount shall not impact Planet Payment’s Revenue Share unless previously agreed to by Planet Payment.