The Minimum Monthly Service Charge (MMSC) for your account is on listed in the Charges Schedule on page 3 of your First Data Merchant Solution Application Form.
The MMSC applies if your monthly transaction processing fees don’t meet the minimum amount agreed for your account. If your monthly transaction fees are more than your MMSC, the MMSC for that month won’t apply.
For example, if the MMSC for your account is £24.95 and your processing fees for one month are equivalent to £20, you will be billed the minimum monthly charge of £24.95 (MMSC).
If your processing fees for the following month are £30, the MMSC will not apply and you will be charged £30.