HomeMy WebLinkAboutPaymentus - Master Service Agreement Amendment No. 1AMENDMENT NO.1
TO MASTER SERVICES AGREEMENT EFFECTIVE January 28, 2021
This Amendment No. l ("Amendment No. 1") amends the Master Services Agreement effective as of January 28, 2021
("Effective Date") between City of Pasco, a Washington Corporation ("Client") with a principal place of business located
at 525 N. Third Avenue, Pasco, WA 99301 and Paymentus Corporation, a State of Delaware Corporation with a principal
place of business at 13024 Ballantyne Corporate Parkway, Suite 400, Charlotte, North Carolina 28277 ("Paymentus").
Customer and Paymentus are also referred to as "Party" and collectively as the "Parties." This Amendment No. 1 is
effective at the time of the last to sign of the Parties.
STATEMENT OF PURPOSE
Client and Paymentus entered into the Agreement for adjusting Schedule A for Miscellaneous Government
Payments.
AGREEMENT
In consideration of mutual covenants contained herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Client and Paymentus agree as follows:
1. Amendment. The Agreement is hereby amended as of the Effective Date of this Amendment No. 1 as follows:
2. Schedule A ("Paymentus Service Fee Schedule") of the Agreement is hereby deleted and the new Schedule A below
hereto is substituted in lieu thereof.
3. Miscellaneous:
2.1 This Amendment No.1 is binding and inures to the benefit of the Parties and their respective successors and
assigns.
2.2 All other terms and conditions of the Agreement not modified by this Amendment No 1 remain in full force and
effect.
2.3 This Amendment No.1 may be executed in two or more counterparts, each of which shall be deemed to be an
original, but all of which shall constitute one and the same instrument
IN WITNESS WHEREOF, the Parties hereto have caused this Amendment No. 1 to be executed by their duly authorized
representatives
CITY OF PASCO
By:
Printed Name:` Darcy Buckley
Title: Finance Manager
Date: I I t %7-1 L "';U i.,
CONFIDENTIAIAND PROPRIETARY
Paymentus legal I Revised 6.10.20
PAY S COR7�041�
By.
Printed Name: David Shapiro
Title: SVP
Date: November 18, 2021
Page 1 of 3
Schedule A — Paymentus Service Fee Schedule
,mentus Service FE
Utility Payments
ised on the following table:
Paymentus Service Fee (Absorbed Fee Model)
I Paymentus Service Fee per qualified Utility Rate transactions
Average Payment Amount: $106.00
• Credit / Debit Card $2.00 (Visa, MasterCard, Discover Utility Rate Program)
• Additional Payment Methods $2.00 (Amazon, PayPal, PayPal Credit, Venmo)
• ACH/ eCheck $1.00
• EPA $0.10 per transaction
• EBill No Cost
• Amex/ Non Qualified $2.75% of total dollar amount
• Swipe Device $225.00 per device
Maximum Amount per Payment is $300. Multiple payments can be made.
Paymentus may apply different limits per transaction for user adoption or to mitigate risk.
Paymentus Service Fee charged to the Client will be based on the following table:
Miscellaneous Governmental Services: All Non -Utility payment types
Paymentus Service Fee per transaction:
Credit/Debit Card Transactions (Visa, MasterCard,
Discover and Amex)
Virtual Wallet (PayPal; PayPal Credit; Venmo;
Amazon)' Optional for Web Payments
ACH/e-Check Transactions
The Maximum Payment Amount shall be $5,000.00 per
transaction. Multiple payments can be made.
2.50% of total dollar amount or $1.25;
whichever is greater
2.50% of total dollar amount
$1.00 per transaction
Paymentus may apply different limits per transaction for user adoption or to mitigate risk.
Page 2 of 3
CONFIDENTIAL AND PROPRIETARY
Paymentus legal I Revised 6.10.20
Schedule A — Paymentus Service Fee Schedule - Continued
Service Fee charged to the End User will be based on the following table:
Payment Type: Miscellaneous Paymentus Service Fee
Governmental Services- Non Utility
(Convenience Fee Model)
Credit/Debit Card (Visa,
MasterCard®, Discover@,
AMID(®,Amazon, PayPal, Venmo)
ACH/echeck
*Note: Maximum amount per payment
is $5,000.00 (multiple payments can be
made)
1
2.85% of total dollar amount or $1.25; whichever is
greater.
$1.00 per transaction
The Paymentus Senrioe Fee will be oollected in addition to the end-user bill payment total. Paymentus may apply different
limits per transactions for user adoption or to mitigate risk
Page 3 of 3
CONFIDENTIAL AND PROPRIETARY
Paymentus legal I Revised 6.10.20