Define: PG (Payment Gateway) Fee
PG (Payment Gateway) Fee means fees for third-party gateway services for collecting end-user revenue within a set territory. Rate capped at specified percentage of transaction revenue. Higher fees require a written amend
PG (Payment Gateway) Fee means fees for third-party gateway services for collecting end-user revenue within a set territory. Rate capped at specified percentage of transaction revenue. Higher fees require a written amendment to agreement conditions. Changes must be communicated in writing.
Relevant Circumstances
- When a merchant uses a third-party gateway to collect customer payments
- If gateway fees are capped at a percentage of transaction revenue
- Where fee changes require a written amendment to the agreement