Common use of Payment for Charges Clause in Contracts

Payment for Charges. We will pay you according to your payment plan in Canadian dollars for the face amount of Charges submitted from your Establishments in Canada less all applicable deductions, rejections, and withholdings, which include: (i) the Discount, (ii) any amounts you owe us or our Affiliates, (iii) any amounts for which we have Chargebacks, and (iv) any Credits you submit. Your initial Discount is indicated in this Agreement or otherwise provided to you by us. In addition to the Discount, we may charge you additional fees and assessments for accepting Cards as listed in the Merchant Operating Manual or as otherwise provided to you in writing by us. We may adjust any of these amounts and may charge you new fees and other amounts for accepting the Card. We will provide you with at least 90 days notice of any increase to your current fees and assessments or if we add a new fee or assessment unless the increase is made in accordance with a pre-determined fee schedule as part of this Agreement.