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Payables to third parties

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

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Payables to third parties

12. Payables to third parties

		March 31, 2018				December 31, 2017
Payables to third parties			2,975,297				3,080,569
			2,975,297				3,080,569

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.

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.

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Disclosure of payables to third parties.

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