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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