13. Payables to third parties


	December 31,
	2017		2016
Payables to third parties		3,080,569		1,304,031

		3,080,569		1,304,031

Payables to third parties correspond to amounts to be paid to commercial establishments with respect to transactions carried out by their card holders, net of the intermediation fees and discounts applied. PagSeguro Brazil's average settlement terms agreed upon with commercial establishments is up to 30 days.