Level III Data Capture Pricing Sample Clauses
The Level III Data Capture Pricing clause defines the pricing structure for processing payment transactions that include enhanced data, such as line-item details, typically required for business-to-business or government card payments. This clause specifies how fees are determined when merchants provide additional transaction data, often resulting in lower interchange rates due to the increased transparency and reduced risk of fraud. Its core function is to incentivize merchants to supply detailed transaction information by offering more favorable pricing, thereby reducing processing costs and improving transaction security.
Level III Data Capture Pricing. 15.2.1 Set-Up Fee Item Per Fee
Level III Data Capture Pricing. 15.2.1. Set-Up Fee Item Per Fee
B.1 Set-up fees will be due to TSYS within thirty (30) days from the Effective Date of this Agreement.
B.2 Set-up fee for additional BINs will be due to TSYS within thirty (30) days of BIN implementation.
15.2.2. Transaction Fee Item Per Fee