Common use of Fee Changes Clause in Contracts

Fee Changes. a. The Fees for Services are based upon assumptions about the Merchant’s business, anticipated annual volume and average transaction size. These assumptions are based on information provided by the Merchant in the Application. If the actual volume or average transaction size are not as expected, or if you significantly alter your method of doing business, Servicers may adjust your Merchant Discount Rate and upon 90 days advance notice. b. Servicers may increase and/or implement new Fees for Services for any other reason by notifying you 90 days prior to the effective date of any such change. c. The Servicers will also provide you with a minimum of 90 days advance notice of any increase or decrease in any applicable interchange rate, assessments or other fees charged by a Card Association, or to pass through increases charged by third parties for on-line communications and similar items. d. Following receipt of a notice from Servicers regarding a new or increased Fee, Merchant will have the right to terminate this Agreement without penalty within 90 days of receiving such notice. e. Following receipt of a notice from Servicers regarding a decrease in any applicable interchange rate, if Servicers do not pass-through the full savings from any such decrease to the Merchant, Merchant will have the right to terminate this Agreement without penalty by providing Servicers notice within 90 days of the effective date of the decrease in interchange rate. f. Any notice provided under this Section will be sent to Merchant’s email or business address on record, in accordance with the “Notices” Section below, and will also be posted to xxxxxxx.xxx. g. If Merchant does not exercise a termination right following receipt of notice of a new or increased Fee or a decrease in an applicable interchange rate, all such adjustments shall be Merchant’s responsibility to pay. h. The Merchant’s termination rights in this Section 47 do not apply to any Fee increase that is made in accordance with a pre-determined fee schedule provided to Merchant.

Fee Changes. a. The Fees for Services are based upon assumptions about the Merchant’s business, anticipated annual volume and average transaction size. These assumptions are based on information provided by the Merchant in the Application. If the actual volume or average transaction size are not as expected, or if you significantly alter your method of doing business, Servicers may adjust your Merchant Discount Rate and upon 90 days advance notice. b. Servicers may increase and/or implement new Fees for Services for any other reason by notifying you 90 days prior to the effective date of any such change. c. The Servicers will also provide you with a minimum of 90 days advance notice of any increase or decrease in any applicable interchange rate, assessments or other fees charged by a Card Association, or to pass through increases charged by third parties for on-line communications and similar items. d. Following receipt of a notice from Servicers regarding a new or increased Fee, Merchant will have the right to terminate this Agreement without penalty within by providing Servicers with 90 days of receiving such advance notice. e. Following receipt of a notice from Servicers regarding a decrease in any applicable interchange rate, if Servicers do not pass-through the full savings from any such decrease to the MerchantMerchant within 90 days, Merchant will have the right to terminate this Agreement without penalty by providing Servicers notice within with 90 days of the effective date of the decrease in interchange rateadvance notice. f. Any notice provided under this Section will be sent to Merchant’s email or business address on record, in accordance with the “Notices” Section below, and will also be posted to xxxxxxx.xxx. g. If Merchant does not exercise a termination right following receipt of notice of a new or increased Fee or a decrease in an applicable interchange rate, all such adjustments shall be Merchant’s responsibility to pay. h. The Merchant’s termination rights in this Section 47 do not apply to any Fee increase that is made in accordance with a pre-determined fee schedule provided to Merchant.