Common use of Merchant Revenue Clause in Contracts

Merchant Revenue. In its marketing of the Program to Acquirer Merchants, Acquirer, after consulting with GPPC, may offer as compensation to Acquirer Merchants a portion of the Gross FX Margin as compensation for participation in the Acquirer Program (“Merchant Revenue”). [*] Subject to the foregoing sentence, GPPC agrees that for the initial launch of the Acquirer Program, and for six months thereafter, Acquirer shall set the Merchant Revenue generally offered under the * Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. Program at no more than [*] of the Purchase Amount, and Merchant Revenue offered on an exceptional basis pursuant to the previous sentence at no more than [*] of the Purchase Amount, without Planet Payment’s prior consent. Planet Payment represents that the Planet Payment Merchant Accounting System has the capability to calculate merchant revenue sharing amounts on a per-Merchant basis, if so requested. Planet Payment will be responsible for calculating the Merchant Revenue on a monthly basis. Planet Payment shall make reports available to Acquirer detailing each participant’s revenue share. Planet Payment shall have no responsibility for making any payments of any kind due to Acquirer Merchants.