PesoPay eCommerce (Credit Card) Service Plan

1. FREE PayAlert Service (Anti-fraud) 2. FREE PayCart Shopping Cart module 3. Includes PesoPay Expess Activation Special Philippine Introductory Offer until September 30, 2007
Plan Description Merchant Account Deposit Choice of Credit Card Choice of Account Currency Deferred Payment Payout Frequency Transaction Support (real-time) Merchant description on statement Average Setup Lead Time (approx.) N/A Daily subject to bank Sales, Authorized, Void Full Merchant name Upon completed application submission:
4 weeks

Premier Plan PESO or DOLLAR settlement Direct Internet Merchant Account with bank Subject to BDO Equitable PCI Bank

Standard Plan PESO or DOLLAR settlement PesoPay Master Merchant Account Not Required

Visa, MasterCard, American Express, JCB PHP Philippine Peso 30 days 1st and 16th every month Sales, Authorized, Void, Refund Full Merchant name Upon completed application submission:
4 weeks

Monthly Transaction Upper Limit Service Pricing PesoPay Account Setup (one time) 4 (All rates VAT Inclusive) PesoPay Account Monthly Fee (prepaid 12 months) 5 (All rates VAT Inclusive) Transaction Processing Fee for successful transactions only
(* with PayAlert, fraud-check and 3D service)

Subject to BDO Equitable PCI Bank

Subject to BDO Equitable PCI Bank

PHP 24,000 PHP 2,800

PHP 15,000 PHP 1,600

(All rates VAT Inclusive) Testing Account Support Fee (optional) (All rates VAT Inclusive) Chargeback Processing Fee (All rates VAT Inclusive)

Bank’s Merchant Discount Rate+ 0.5% or PHP 8.00 per transaction; whichever is greater (To be billed) waived PHP 4,500 Subject to BDO Equitable PCI Bank

4.5% + PHP 6.00 (To be automatically deducted)

waived PHP 4,500 PHP 500 per case

Valued-added Services and Support PayCart Shopping Cart module Payment link tools Account eStatement Monthly Statement / Settlement Fee Settlement Exchange Rate Charges Refund Handling Fee Chargeback Support Provided Free Provided Free Provided by bank Provided Free Provided Free Provided Free Provided Free Provided Free Provided Free Provided Free Provided Free Provided Free Provided Free Provided Free

Remarks :

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The competitive payment service plans are offered for commercial companies registered in the Philippines. All fees (except transaction fee) are to be paid in advance and are not refundable. Instead of adopting bank’s practice requesting merchant a guarantee deposit from 1-3 months sales to safeguard business risk, an alternate merchant control of 30-day deferred payment is adopted. PesoPay Account Setup fee includes the service and support on application processing, implementation technical and operations support and production account and key setup arrangement with the bank. It includes the basic setup for Visa, MasterCard, American Express, and JCB for Philippine Peso currency. PesoPay Account Monthly Fee includes the account service and use of the PesoPay platform and technical support. For nonPremier plans, it also covers the service and support on account settlement reconcilement, merchant settlement twice a month, and refund processing. PesoPay Account Setup fee also includes PesoPay expess activation service, which comprises the basic setup and activation of the following in the Merchant's website: shopping page, customer profile registration, check out page which will be integrated to PesoPay payment page when the merchant account is turned over. The fee is a 12 month pre-payment for the basic package service and support for Visa, MasterCard, American Express, and JCB of Philippine Peso currency.

4.

PesoPay will charge PHP 6.00 pesos on transaction processing while our bank partner may charge 4.5% subject to bank’s final offer and merchant’s prior eCommerce history. The average fee starts from 4.5% and maybe tiered down based on future sales volume. Higher fee may be charged for merchants with higher risk business models (e.g. intangible goods and services) or payment transaction of micro payment nature. Final fee percentage is subject to application assessment and approval.

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