What is the Premium fee?

Updated:

The Premium fee is AED 175 plus a 5% VAT, and it's charged on a billing cycle of one month. This fee is charged on the first settlement of each billing cycle. If the first settlement does not cover the whole amount, then the remainder will be charged on subsequent settlements within that billing cycle. If you do not generate enough transactions to cover the entire amount during the billing cycle, we will not roll over any outstanding premium fees to the following month.

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