diff --git a/src/@types/Erc20.ts b/src/@types/Erc20.ts
index 5df3e7c7..9c133ff7 100644
--- a/src/@types/Erc20.ts
+++ b/src/@types/Erc20.ts
@@ -1,7 +1,7 @@
 export interface Erc20CreateParams {
   templateIndex: number
   minter: string
-  feeManager: string
+  paymentCollector: string
   mpFeeAddress: string
   feeToken: string
   feeAmount: string
diff --git a/src/tokens/NFT.ts b/src/tokens/NFT.ts
index 47a416e9..b0322e0b 100644
--- a/src/tokens/NFT.ts
+++ b/src/tokens/NFT.ts
@@ -44,7 +44,7 @@ export class Nft {
    * @param {String} nftAddress ERC721 addreess
    * @param {String} address User address
    * @param {String} minter User set as initial minter for the ERC20
-   * @param {String} feeManager initial feeManager for this DT
+   * @param {String} paymentCollector initial paymentCollector for this DT
    * @param {String} mpFeeAddress Consume marketplace fee address
    * @param {String} feeToken address of the token marketplace wants to add fee on top
    * @param {String} feeAmount amount of feeToken to be transferred to mpFeeAddress on top, will be converted to WEI
@@ -59,7 +59,7 @@ export class Nft {
     nftAddress: string,
     address: string,
     minter: string,
-    feeManager: string,
+    paymentCollector: string,
     mpFeeAddress: string,
     feeToken: string,
     feeAmount: string,
@@ -82,7 +82,7 @@ export class Nft {
         .createERC20(
           templateIndex,
           [name, symbol],
-          [minter, feeManager, mpFeeAddress, feeToken],
+          [minter, paymentCollector, mpFeeAddress, feeToken],
           [this.web3.utils.toWei(cap), this.web3.utils.toWei(feeAmount)],
           []
         )
@@ -98,7 +98,7 @@ export class Nft {
    * @param {String} nftAddress ERC721 addreess
    * @param {String} address User address
    * @param {String} minter User set as initial minter for the ERC20
-   * @param {String} feeManager initial feeManager for this DT
+   * @param {String} paymentCollector initial paymentCollector for this DT
    * @param {String} mpFeeAddress Consume marketplace fee address
    * @param {String} feeToken address of the token marketplace wants to add fee on top
    * @param {String} feeAmount amount of feeToken to be transferred to mpFeeAddress on top, will be converted to WEI
@@ -112,7 +112,7 @@ export class Nft {
     nftAddress: string,
     address: string,
     minter: string,
-    feeManager: string,
+    paymentCollector: string,
     mpFeeAddress: string,
     feeToken: string,
     feeAmount: string,
@@ -141,7 +141,7 @@ export class Nft {
       nftAddress,
       address,
       minter,
-      feeManager,
+      paymentCollector,
       mpFeeAddress,
       feeToken,
       feeAmount,
@@ -157,7 +157,7 @@ export class Nft {
       .createERC20(
         templateIndex,
         [name, symbol],
-        [minter, feeManager, mpFeeAddress, feeToken],
+        [minter, paymentCollector, mpFeeAddress, feeToken],
         [this.web3.utils.toWei(cap), this.web3.utils.toWei(feeAmount)],
         []
       )
diff --git a/src/utils/ContractUtils.ts b/src/utils/ContractUtils.ts
index 20bbca70..139791dd 100644
--- a/src/utils/ContractUtils.ts
+++ b/src/utils/ContractUtils.ts
@@ -45,7 +45,7 @@ export function getErcCreationParams(ercParams: Erc20CreateParams): any {
     strings: [ercParams.name || name, ercParams.symbol || symbol],
     addresses: [
       ercParams.minter,
-      ercParams.feeManager,
+      ercParams.paymentCollector,
       ercParams.mpFeeAddress,
       ercParams.feeToken
     ],
diff --git a/test/integration/ComputeFlow.test.ts b/test/integration/ComputeFlow.test.ts
index eb0e9d47..d9fb5d0b 100644
--- a/test/integration/ComputeFlow.test.ts
+++ b/test/integration/ComputeFlow.test.ts
@@ -142,7 +142,7 @@ describe('Simple compute tests', async () => {
       templateIndex: 1,
       cap: '100000',
       feeAmount: '0',
-      feeManager: '0x0000000000000000000000000000000000000000',
+      paymentCollector: '0x0000000000000000000000000000000000000000',
       feeToken: '0x0000000000000000000000000000000000000000',
       minter: publisherAccount,
       mpFeeAddress: '0x0000000000000000000000000000000000000000'
@@ -191,7 +191,7 @@ describe('Simple compute tests', async () => {
       templateIndex: 1,
       cap: '100000',
       feeAmount: '0',
-      feeManager: '0x0000000000000000000000000000000000000000',
+      paymentCollector: '0x0000000000000000000000000000000000000000',
       feeToken: '0x0000000000000000000000000000000000000000',
       minter: publisherAccount,
       mpFeeAddress: '0x0000000000000000000000000000000000000000'
diff --git a/test/integration/PublishFlows.test.ts b/test/integration/PublishFlows.test.ts
index 17152ade..5b733d1f 100644
--- a/test/integration/PublishFlows.test.ts
+++ b/test/integration/PublishFlows.test.ts
@@ -102,7 +102,7 @@ describe('Publish tests', async () => {
       templateIndex: 1,
       cap: '100000',
       feeAmount: '0',
-      feeManager: ZERO_ADDRESS,
+      paymentCollector: ZERO_ADDRESS,
       feeToken: ZERO_ADDRESS,
       minter: accounts[0],
       mpFeeAddress: ZERO_ADDRESS
@@ -181,7 +181,7 @@ describe('Publish tests', async () => {
       templateIndex: 1,
       cap: '100000',
       feeAmount: '0',
-      feeManager: ZERO_ADDRESS,
+      paymentCollector: ZERO_ADDRESS,
       feeToken: ZERO_ADDRESS,
       minter: accounts[0],
       mpFeeAddress: ZERO_ADDRESS
@@ -257,7 +257,7 @@ describe('Publish tests', async () => {
       templateIndex: 1,
       cap: '100000',
       feeAmount: '0',
-      feeManager: ZERO_ADDRESS,
+      paymentCollector: ZERO_ADDRESS,
       feeToken: ZERO_ADDRESS,
       minter: accounts[0],
       mpFeeAddress: ZERO_ADDRESS
diff --git a/test/integration/SimplePublishConsumeFlow.test.ts b/test/integration/SimplePublishConsumeFlow.test.ts
index e66c5bb6..51d55323 100644
--- a/test/integration/SimplePublishConsumeFlow.test.ts
+++ b/test/integration/SimplePublishConsumeFlow.test.ts
@@ -82,7 +82,7 @@ describe('Simple Publish & consume test', async () => {
       templateIndex: 1,
       cap: '100000',
       feeAmount: '0',
-      feeManager: '0x0000000000000000000000000000000000000000',
+      paymentCollector: '0x0000000000000000000000000000000000000000',
       feeToken: '0x0000000000000000000000000000000000000000',
       minter: publisherAccount,
       mpFeeAddress: '0x0000000000000000000000000000000000000000'
diff --git a/test/unit/NftFactory.test.ts b/test/unit/NftFactory.test.ts
index 2fd1ac41..9b81246b 100644
--- a/test/unit/NftFactory.test.ts
+++ b/test/unit/NftFactory.test.ts
@@ -104,7 +104,7 @@ describe('Nft Factory test', () => {
     const ercParams: Erc20CreateParams = {
       templateIndex: 1,
       minter: contracts.accounts[0],
-      feeManager: user3,
+      paymentCollector: user3,
       mpFeeAddress: user2,
       feeToken: '0x0000000000000000000000000000000000000000',
       cap: '10000',
@@ -140,7 +140,7 @@ describe('Nft Factory test', () => {
     const ercParams: Erc20CreateParams = {
       templateIndex: 1,
       minter: user2,
-      feeManager: user3,
+      paymentCollector: user3,
       mpFeeAddress: user2,
       feeToken: '0x0000000000000000000000000000000000000000',
       cap: '1000000',
@@ -190,7 +190,7 @@ describe('Nft Factory test', () => {
     const ercParams: Erc20CreateParams = {
       templateIndex: 1,
       minter: contracts.accounts[0],
-      feeManager: user3,
+      paymentCollector: user3,
       mpFeeAddress: user2,
       feeToken: '0x0000000000000000000000000000000000000000',
       cap: '1000000',
@@ -240,7 +240,7 @@ describe('Nft Factory test', () => {
     const ercParams: Erc20CreateParams = {
       templateIndex: 1,
       minter: contracts.accounts[0],
-      feeManager: user3,
+      paymentCollector: user3,
       mpFeeAddress: user2,
       feeToken: '0x0000000000000000000000000000000000000000',
       cap: '1000000',
diff --git a/test/unit/pools/Router.test.ts b/test/unit/pools/Router.test.ts
index 00208cf2..4bdd63ac 100644
--- a/test/unit/pools/Router.test.ts
+++ b/test/unit/pools/Router.test.ts
@@ -127,7 +127,7 @@ describe('Router unit test', () => {
     const ercParams: Erc20CreateParams = {
       templateIndex: 1,
       minter: contracts.accounts[0],
-      feeManager: user3,
+      paymentCollector: user3,
       mpFeeAddress: contracts.accounts[0],
       feeToken: '0x0000000000000000000000000000000000000000',
       cap: '1000000',
@@ -180,7 +180,7 @@ describe('Router unit test', () => {
     const ercParams2: Erc20CreateParams = {
       templateIndex: 1,
       minter: contracts.accounts[0],
-      feeManager: user3,
+      paymentCollector: user3,
       mpFeeAddress: contracts.accounts[0],
       feeToken: '0x0000000000000000000000000000000000000000',
       cap: '1000000',
diff --git a/test/unit/pools/balancer/Pool.test.ts b/test/unit/pools/balancer/Pool.test.ts
index e4830ca7..38fb9b56 100644
--- a/test/unit/pools/balancer/Pool.test.ts
+++ b/test/unit/pools/balancer/Pool.test.ts
@@ -139,7 +139,7 @@ describe('Pool unit test', () => {
       const ercParams: Erc20CreateParams = {
         templateIndex: 1,
         minter: contracts.accounts[0],
-        feeManager: user3,
+        paymentCollector: user3,
         mpFeeAddress: contracts.accounts[0],
         feeToken: '0x0000000000000000000000000000000000000000',
         cap: '1000000',
@@ -591,7 +591,7 @@ describe('Pool unit test', () => {
       const ercParams: Erc20CreateParams = {
         templateIndex: 1,
         minter: contracts.accounts[0],
-        feeManager: user3,
+        paymentCollector: user3,
         mpFeeAddress: contracts.accounts[0],
         feeToken: '0x0000000000000000000000000000000000000000',
         cap: '1000000',
diff --git a/test/unit/pools/dispenser/Dispenser.test.ts b/test/unit/pools/dispenser/Dispenser.test.ts
index ea53536d..005ac5de 100644
--- a/test/unit/pools/dispenser/Dispenser.test.ts
+++ b/test/unit/pools/dispenser/Dispenser.test.ts
@@ -89,7 +89,7 @@ describe('Dispenser flow', () => {
     const ercParams: Erc20CreateParams = {
       templateIndex: 1,
       minter: contracts.accounts[0],
-      feeManager: user3,
+      paymentCollector: user3,
       mpFeeAddress: user2,
       feeToken: '0x0000000000000000000000000000000000000000',
       cap: '10000',
diff --git a/test/unit/pools/fixedRate/FixedRateExchange.test.ts b/test/unit/pools/fixedRate/FixedRateExchange.test.ts
index 43d23dc1..1bb3e27d 100644
--- a/test/unit/pools/fixedRate/FixedRateExchange.test.ts
+++ b/test/unit/pools/fixedRate/FixedRateExchange.test.ts
@@ -103,7 +103,7 @@ describe('Fixed Rate unit test', () => {
       const ercParams: Erc20CreateParams = {
         templateIndex: 1,
         minter: contracts.accounts[0],
-        feeManager: user3,
+        paymentCollector: user3,
         mpFeeAddress: contracts.accounts[0],
         feeToken: ADDRESS_ZERO,
         cap: '1000000',
@@ -419,7 +419,7 @@ describe('Fixed Rate unit test', () => {
       const ercParams: Erc20CreateParams = {
         templateIndex: 1,
         minter: contracts.accounts[0],
-        feeManager: user3,
+        paymentCollector: user3,
         mpFeeAddress: contracts.accounts[0],
         feeToken: ADDRESS_ZERO,
         cap: '1000000',
diff --git a/test/unit/pools/ssContracts/SideStaking.test.ts b/test/unit/pools/ssContracts/SideStaking.test.ts
index 8e14d66f..f75e3866 100644
--- a/test/unit/pools/ssContracts/SideStaking.test.ts
+++ b/test/unit/pools/ssContracts/SideStaking.test.ts
@@ -152,7 +152,7 @@ describe('SideStaking unit test', () => {
       const ercParams: Erc20CreateParams = {
         templateIndex: 1,
         minter: contracts.accounts[0],
-        feeManager: user3,
+        paymentCollector: user3,
         mpFeeAddress: contracts.accounts[0],
         feeToken: '0x0000000000000000000000000000000000000000',
         cap: '1000000',
@@ -395,7 +395,7 @@ describe('SideStaking unit test', () => {
       const ercParams: Erc20CreateParams = {
         templateIndex: 1,
         minter: contracts.accounts[0],
-        feeManager: user3,
+        paymentCollector: user3,
         mpFeeAddress: contracts.accounts[0],
         feeToken: '0x0000000000000000000000000000000000000000',
         cap: '1000000',