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Res 2006-035
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Res 2006-035
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Last modified
8/2/2006 10:34:15 AM
Creation date
8/2/2006 10:18:33 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
2006-35
Date
2/21/2006
Volume Book
166
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<br /> <br />. of San Marcos <br />name (as ~ appears on the Merchanl Services Account Application) <br /> <br />Visa@ and MasterCard@ transactions: <br />Interchange category (see attached) <br />Visa association lees <br />MasterCard association fees <br />Bank 01 America processing lee <br />Per Item Authorization lee <br />Discover'" CarcI/NOVUS5M Card brands <br />American Express@ Card <br />Diners@ Club/Carte Blanche@ discount rate <br />JCB Card discount rate <br />Pin Deb~ Card lees <br /> <br />Check Warranty fees <br />Electronic Check Service <br /> <br />Electronic Benel~s Transfer Card <br />Voice Auth Address Verilication Service <br />Return Fee <br /> <br />$0.10 <br />$0.10 <br />3.00% <br />3.00% <br />$0.60 <br />0.00% <br />N1A <br />see att <br />seeatt <br />N1A <br />$0.50 <br />$0.00 <br /> <br />0.0925% <br />0.095% <br />$0.00 <br />$0.15 <br />per authorization fee <br />per authorization fee <br /> <br />per transaction plus <br />01 monthly sales <br />minimum $0.50 <br />per transaction plus <br />01 check value <br />per transaction fee <br />per call <br />per ~em <br /> <br />Service Fees <br />Set-up lee (non-refundable) <br />Monthly minimum discount <br /> <br /> <br />cr Ik <br />Sl ckage <br />Additi card types <br />Speci rvices. <br /> <br />$0.00 <br />$0.00 <br />$10.00 <br />$0.00 <br />N1A <br /> <br />per new accountllocation <br />per month <br />per ~em <br />per month per location <br />per installation after in~ial set-up <br /> <br />Bank of America ~ <br />~ <br /> <br />October 26, 2005 <br />EHec\ive Date <br /> <br />. Visa/MasterCard interchange is charged on monthty gross sales. Visa/MasterCard association fees <br />and Bank of America, N.A. processing fees are charged on monthly gross sales, <br /> <br />. Diners CtublCarte Blanche and JCB Card discount rates are charged on monthty gross sates. <br /> <br />. Visa/MasterCard discount rates: <br /> <br />_ For lowest interchange. assume magnetic stripe on card is read etectronicatly or <br />if direct marketing merchant. A VS feature is used. Including invoice number; <br /> <br />only one authorization is obtained for the transaction; and transaction is transmitted <br /> <br />for deposit within 24 hours, tf these conditions are not met. <br /> <br />Visa/MasterCard may assess a transaction surcharge. Interchange rates may vary <br /> <br />by card type (see attached), <br /> <br />- Also appty to Visa Check'" Card. MasterMoney...... and ELECTRON'" Card. <br /> <br />- Are subject to periodic increase of Visa/MasterCard interchange and card association fees. <br />. Certegy Check Warranty Agreement (with rates and fees) will be sent to merchant separately, <br /> <br />. American Express and Discover CardINOVUS Card brands discount rates and fees are established <br />and billed separatety by those issuers, who are responsibte for settlement. chargebacks. and <br />customer service. <br /> <br />. The Per ttem Authorization Fee applies to allempted and approved authorizations. <br />tn the absence of an amendment to the Agreement specificatly addressing funds availability. funds will USl <br />be avaitable in business Checking accounts 1-3 business days after transaction posting date. Timing will \ <br /> <br />Product Fees <br /> <br />Model <br /> <br />Rental" <br />(plus tax) <br /> <br />Purchase <br />(plus tax and shipping) <br />/month /device <br />/month /device <br />/month /device <br />/month /device <br />/device <br /> <br />Tenninal See attached <br />Printer See attached <br />PIN Pad See attached <br />Check Reader See attached <br />Imprinter <br />Software <br />Other <br /> <br />Other Products <br />Elec. Check service <br />Online Reporting <br /> <br />Fee <br />Fee $10.00 <br />Monthly Fee 39.99(opl) tUser ID <br /> <br />Monthly Access <br />Association Access <br /> <br />'Fee quoted at time of service request <br />.. Rental Fees are subject to TASa Technology, Inc. Equipment Rental Agreement <br />Pricing Acknowledgement <br />I have reviewed the above fee structure of my Bank or America, N.A. ('Bank") merchant services account. I understand that the above stated Visa/MasterCard pricing is based on minimum threshold <br />of an average transaction size or $113 and an annuatized Visa/MasterCard sales votume of $2.500,000, The rates and fees quoted by the Bank for acceptance 01 the American Express Card and <br />Discover CardINOVUS Card brands are subject to the terms and conditions for each respective Card Issuer <br /> <br />I further understand thallhe Bank wilt review those assumptions aller a period of actual processing and that my rate could be increased il either the average ticket or votume run rates are tower <br />than the minimum thresholds. tn addition, the Bank may pass on charges imposed by credit card associations. such as Visa and MasterCard. resulting from my failure to compty with credit card <br />regulations, The Bank may collect these charges in the same way as other amounts owed by me under the Merchant Services Agreement ("Agreemenr). I acknowtedge that the Agreement <br />provides lor increases in lees, I understand that my application is subject to approval by the Bank and by American Express and Discover CardlNOVUS Card issuers for processing their <br />transactions. <br /> <br /> <br />Fee Schedule' Bank 01 America, N.A. Member FDIC' @2oo5 Bank 01 America Corporation <br />Chart numbers 2221-3221-VSIP and 2221-3221-MCIP <br /> <br />, <br /> <br />w OLt <br /> <br /> <br />rint name <br /> <br />Susan Sutton/0320 <br />Prinl name and rep code <br /> <br />1 of 1 <br />
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