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Paymentus Corporation 4/16/2019
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Paymentus Corporation 4/16/2019
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Last modified
4/23/2019 10:24:19 AM
Creation date
4/23/2019 10:24:14 AM
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Contracts
Contractor's Name
Paymentus Corporation
Approval Date
4/16/2019
Council Approval Date
3/13/2019
Department
Public Works
Department Project Manager
Matt Welborn
Subject / Project Title
Electronic Bill Payment Gateway Services
Tracking Number
0001726
Total Compensation
$151,000.00
Contract Type
Agreement
Contract Subtype
Technology
Retention Period
6 Years Then Destroy
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Paymentus <br /> Schedule A— Paymentus Service Fee Schedule <br /> Paymentus Service Fee charged to the Client will be based on the following model: <br /> Absorbed Fee Model <br /> ❑ Absorbed Model. Client is responsible for payment processing fees including credit/debit <br /> and e-check fees directly to their processor. <br /> ❑ Average Bill Amount: $181.00 <br /> ❑ Paymentus Service Fee per transaction <br /> • $0.40 per credit card <br /> • $0.40 per e-check <br /> Paymentus may apply different limits per transactions for user adoption or to mitigate risks. Maximum Payments <br /> $5,000 per transaction. <br /> Master Services Agreement—Absorbed Page 8 of 8 <br /> 100205 <br />
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