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CUSTOMER PRICING PACKAGE DOCUMENT

 

  1. DEFINITIONS

     

    1. Unless otherwise defined, defined terms shall have the meaning as set out in the Customer Terms of Business.

     

  2. TERM OF THE AGREEMENT

     

    1. The Minimum Term shall be: 1 month

     

  3. MODULR PRODUCTS

     

    1. The Payment Types which the Customer may elect to use are as follows:
      • Inbound and outbound Faster Payments
      • Inbound Bacs Credits
      • Inbound CHAPS
      • Account Transfers (transfer between two Modulr Accounts owned by the same Customer)

       

    2. For the avoidance of doubt, the use of the Payment Types set out above shall be subject to the terms of the Agreement.

     

  4. USAGE OF MODULR PRODUCTS

     

    1. The Modulr Products which are provided to the Customer are provided for the following purposes only:

       

      • To receive payments (via the Payment Methods) to Modulr Accounts in order to make business payments (the “Permitted Use”).

       

    2. For the avoidance of doubt, any use of the Modulr Products outside of the Permitted Use shall constitute a breach of the Agreement.

     

  5. SUBSCRIPTION PACKAGE

     

    1. The Subscription Package provided to the Customer under the Agreement is set out below.

       

    2. For the avoidance of doubt, the Subscription Package and any Additional Fees shall be subject to the payment terms set out in the Customer Terms of Business.

     

    Platinum Subscription Package Monthly Fee

    Included in Subscription Package

    £300
    • Number of included payments: 1000
      (includes: Inbound, Outbound Faster Payments and Inbound BACs credits)
    • Number of Users: Unlimited
    • Number of Connected Integrations to submit payments: Unlimited
    • Number of Accounts: Unlimited
    • Number of transfers between Modulr Accounts: Unlimited

     

  6. ADDITIONAL FEES

     

    1. Use of Payment Types outside of the Subscription Package shall be subject to the following fees which shall apply on a per-transaction basis (the “Additional Fees”):

     

    Payment Type

    Per transaction fee

    Inbound CHAPS

    £17.50

    Additional payments

    (includes: Inbound, Outbound Faster Payments and Inbound BACs credits)

    £0.32