Property Management
Property Management
Property Management
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TREASURY MANAGEMENT<br />
Convenience & Service Fees<br />
Convenience Fee additional<br />
charge to a payment for use of an<br />
alternative payment channel<br />
offered by a merchant for payment<br />
acceptance. This fee generally<br />
covers all costs with payment<br />
acceptance.<br />
Service Fee additional charge,<br />
typically a separate transaction,<br />
added to a tax payment assessed<br />
to directly offset the fees<br />
associated with payment<br />
acceptance.<br />
•• Alternative Channel Payments<br />
•• Shifts Shifts the the cost cost burden burden for for payment<br />
processing from from the the payment<br />
receiver (biller) (biller) to to the the payer payer<br />
•• Available to to billers billersin in any any industry<br />
but but more more readily readily adopted as as a<br />
payment option option by by public public sector, sector,<br />
education and and billpayment billers billers<br />
•• Must Must be be disclosed to to the the consumer<br />
•• Consumer must must be be able able to to cancel cancel<br />
payment prior prior to to completing<br />
3
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