Explanation of the Monthly Minimum - A minimum amount you will be charged in relation to the Discount Fees (%) for your monthly Visa/MasterCard sales.

You will pay the Monthly Minimum (for example $25) OR your Discount Fees (for example 2.29% x sales), whichever is greater.

NOTE: You will never be charged the monthly minimum and your discount fees.

Example 1 does not meet the minimum: you process $1000 in Visa/MC sales for the month. ($1000 x 2.29% = $22.90). You will be charged an additional $2.10 at the end of the month to meet the monthly minimum of $25. ($22.90 + $2.10 = $25)

Example 2 meets the minimum: you process $1500 for the month. ($1500 x 2.29% = $34.35). You will be charged $34.35 in Discount Fees so you have easily met the monthly minimum of $25.

NOTE: You will still pay the monthly Service Fee, monthly Gateway Access Fee and your Transaction Fees where applicable.