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Agmt08 Wells Fargo
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Agmt08 Wells Fargo
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Last modified
12/2/2008 12:33:25 PM
Creation date
3/12/2008 11:07:14 AM
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Template:
Agreement
Contractor Name
Wells Fargo
PROJECT NAME
Merchant Card Services
RMP File Number
304
Date
3/5/2008
MO Ref
MO 08-019
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<br /> <br />Wells Fargo Merchant Services -Pricing Terms (Schedule A) <br /> <br />State of California <br />Redwood City <br /> <br />N, B k riP. <br /> <br />Ch <br /> <br />on- an can rocessm.o ames <br />Non Bank Card Authorizations (Disc. JCB. Diners. AMEX) $0.08 per attempt <br />Non Bank Card Capture Fee (Disc. JCB. Diners. AMEX-splil dial) $O.OOODer attempt <br />Discover Discount Rate Not Elected <br />American Express fees and rates Not Elected <br />JCB LicensinQ Not Elected <br />Diners LicensinQ Not Elected <br /> <br /> <br />Purchase Price <br />$599.00 <br />$355.00 <br />$558.00 <br />$235.00 <br />$92.00 <br /> <br /> <br /> <br />Cancellation <br /> <br />You agree that in consideration for the new pricing provided for herein, should you terminate your Agreement prior to the end of its term, <br />the following early termination fees shall apply. These terms shall supersede any early termination fees contained in versions WFB807 1 <br />WFB8121 WFB909 of the Program Guide, provided herewith, as well as any prior versions of the Program Guide version that you may <br />have received. <br /> <br />In the event that Client has less than $3,000,000 in signed sales volume (card processing) per year, then it shall pay an early <br />termination fee of $350 per location if it terminates in year 1, $250 per location if it terminates in year 2, and $150 per location if it <br />terminates in year 3 of the Agreement. <br /> <br />For Clients that have $3,000,000 or more in signed sales volume (card processing) per year, the early termination fees shall be 0.06% <br />of the Client's signed sales volume for year 1 it if terminates in year 1, 0.04% of the Client's signed sales volume for year 2 if it <br />terminates in year 2, and 0.03% of the Client's signed sales volume for year 3if it terminates in year 3. ClieJlt's obligatiQnwith respect <br />to any Monthly Minimum Processing Fee will end when Servicers received the aforementioned fees. If Client terminates this agreement <br />via fax, Client must keep a copy of the fax confirmation record. This fax confirmation record will be required to substantiate refund of <br />fees that Client deems were incorrectly billed after the termination of the Agreement. <br /> <br />Other Information <br /> <br />. Authorization/EDC fee applies to all MasterCard and Visa approval (pre-authorizations and authorizations), capture fee, denial, <br />batch inquiry and batch entry transactions. <br />. Client acknowledges and understands that an authorization only indicates the availability of the Cardholder's credit at the time the <br />authorization is requested. It does not warrant that the person presenting the card is the rightful Cardholder, nor is it an <br />unconditional promise or guarantee that you will not be subject to a chargeback or debit. <br />. Refer to your merchant application and agreement for terms and conditions regarding check guarantee services. <br />. If you have selected to accept Telecheck Electronic Check Acceptance (ECA), refer to the Telecheck ECA agreement for full <br />disclosure of fees and rates. <br />. A Cross-border transaction is any transaction in which the country of the merchant differs from the country where the MasterCard <br />was issued. <br />. Client is responsible for any charges assessed by outside third parties that are not disclosed on the proposal. To the extent that <br />this pricing proposal includes pricing for third party products and services, WFMS disclaims legal liability and responsibility for said <br />products and services. Client's agreement with the third party provider shall govern Client's relationship with the third party <br />provider. In the event that WFMS is billed for the third party services, Client will reimburse WFMS for such services. <br />. If Client does not follow proper authorization procedures, a $50 chargeback handling fee will be assessed on MasterCard/Europay <br />foreign credit card transactions. <br />. Fees for supplies, shipping, handling and applicable sales tax may apply and are subject to change without notice. Additional <br />information is available upon request. <br />. Should the pricing for the overall State of California contract be decreased, the same decrease shall be made to this contract, <br />effective within 30 days of said adjustment. <br /> <br />1/22/2008, Page 2 of 3 <br />
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