# Explanation of the Monthly Minimum

A minimum amount you will be charged in relation to the Discount Fees (%) for your monthly Visa/MasterCard sales, based on the amount listed in the fee schedule on the application under "Monthly Processing Minimum (explanation)".

You will pay the Monthly Minimum (for example \$15) OR your Discount Fees (for example 2.19% 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 \$500 in Visa/MC sales for the month. (\$500 x 2.19% = \$10.95). You will be charged an additional \$4.05 at the end of the month to meet the monthly minimum of \$15. (\$10.95 + \$4.05 = \$15)

Example 2 meets the minimum: you process \$1000 for the month. (\$1000 x 2.19% = \$21.90). You will be charged \$21.90 in Discount Fees so you have easily met the monthly minimum of \$15.

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