With the new monthly rate, will I still be charged a per transaction fee?

You will no longer be charged a per transaction fee. Instead, each calendar month you will be charged a monthly rate based on your subscription tier for that calendar month.

What are your new subscription tiers and when will you charge me?

On the day after the end of each calendar month, you will be charged the monthly rate that corresponds with the number of payments you sent through the Services during such calendar month, subject to any discounts described below.

Subscription tiers

Total payments sent

Monthly rate

Tier 1

0-40

$50

Tier 2

41-120

$150

Tier 3

121-200

$250

Tier 4

201-280

$350

Tier 5

281-360

$450

Tier 6

361-440

$550

Tier 7

441-520

$650

What happens if I send more than 520 payments in a calendar month?

After you send over 520 payments in a calendar month, we may reach out to you to establish mutually agreed upon custom pricing. If we cannot mutually agree to a custom pricing plan, Gig Wage may immediately restrict the number of payments that you may send through the Services.

Is there a way to lower my fees?

Yes. Each calendar month, Gig Wage automatically discounts your monthly rate by the percentage that corresponds with the volume of payments sent to Debit Card Contractors during such calendar month. A “Debit Card Contractor” is a contractor who during any calendar month is at all times linked to a debit card.

% of payments sent to Debit Card Contractors during a calendar month

Discount to monthly rate

0-24%

0%

25%-49%

25%

50-74%

50%

75%-99%

75%

100%

100%

Need more help about pricing? Contact us (subscriptions@gigwage.com).

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