TOTEC Pricing & Payment Terms

Transparent, straightforward pricing with no hidden fees or long-term commitments. Our flexible payment structure is designed to support your business needs while ensuring fair compensation for the services we provide.

No Subscriptions, No Commitments

Our pricing model provides predictable costs based solely on your transaction activity. This transparent approach means you can budget confidently without worrying about unexpected subscription renewals or contractual obligations.

Transaction Fee Structure

Payment Schedule & Invoicing

Each Transaction Fee for sellers is calculated using a straightforward formula designed to ensure fairness while reflecting the value of demand mitigation achieved. TOTEC charges the greater of two amounts: either seven and a half percent (7.5%) of the Demand Fee mitigated by the seller for the transaction, or a flat fee of $250.

This dual-threshold approach ensures that both small and large transactions are handled equitably. For high-value transactions where 7.5% exceeds $250, the percentage applies. For smaller transactions, the minimum $250 fee ensures operational sustainability while keeping costs predictable for sellers.

This calculation method provides transparency and predictability. Sellers can easily estimate their fees before completing transactions, enabling better financial planning and decision-making.

Monthly Billing Cycle

Transaction fees are invoiced monthly based on transactions that flow during each calendar month. Payment is due at the end of the following month, typically around the 25th day.

For example, transactions scheduled to flow in October will appear on an invoice issued in early November, with payment due on or about November 25th. This post-transaction billing approach provides sellers with time to collect revenue before remitting fees to TOTEC.

Each invoice clearly itemizes all transactions for the billing period, including transaction identifiers, demand fees mitigated, applicable fee calculations, and total amounts due. This detailed reporting ensures complete transparency and facilitates straightforward reconciliation with your internal accounting systems.

Consideration Payments

Non-Recallable Transaction Requirements

For non-recallable transactions, customers agree to pay Consideration Payments to TOTEC as outlined in the service agreement. These payments are contingent upon transactions receiving proper approval from TC Energy, ensuring all regulatory and operational requirements are satisfied before funds are exchanged.

Consideration Payments must be sent from the customer to TOTEC through the designated cheque exchange process following the flow month period, specifically on or around the 25th day of the month. This standardized timing aligns with our monthly billing cycle and ensures predictable cash flow management for all parties involved.

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Transaction Approval

TC Energy reviews and approves the non-recallable transaction

Customer Tax Obligations

All fees and amounts payable under this agreement are exclusive of taxes and similar assessments. Customers are responsible for all applicable tax obligations, including but not limited to HST (Harmonized Sales Tax), goods and services tax, provincial sales tax, service tax, use tax, and excise taxes.

This structure ensures pricing transparency by separating base service fees from variable tax components that differ by jurisdiction. Customers should consult with their tax advisors to understand the full tax implications based on their specific location and business structure.

TOTEC will clearly identify applicable taxes on all invoices, providing detailed breakdowns that support your accounting and compliance requirements. This separation facilitates accurate financial reporting and tax remittance for your organization.

Timely payment is essential to maintaining smooth operations and service continuity. If a customer fails to make any payment when due—including transaction fees or consideration payments—TOTEC reserves the right to implement several remedies designed to protect our business interests and those of other platform participants.

These policies ensure fairness across our platform and protect all participants from the ripple effects of payment defaults. We strongly encourage customers to contact us immediately if payment difficulties arise, as early communication often enables mutually beneficial solutions.

Payment Terms & Conditions

Full Payment Requirement

All amounts payable to TOTEC under this agreement must be paid in full without any set-off, recoupment, counterclaim, deduction, debit, or withholding for any reason. This unconditional payment obligation ensures clarity and prevents disputes that could delay or complicate financial settlements.

This clean payment structure protects the integrity of our platform's financial ecosystem and ensures that all participants can rely on predictable, timely fund flows. It also simplifies accounting and reduces administrative burden for all parties.

Questions About Our Pricing?

At TOTEC, we believe transparency builds trust. Our pricing structure is designed to be straightforward, predictable, and aligned with the value we deliver. We're committed to supporting your success with fair terms and responsive service. Contact us today to learn how our platform can support your business objectives.