The wages for mercenary armies at the beginning of the 16th century was based on the factor 4. Common Landsknechte were paid 4 Gulden. Veterans ("Double Mercenaries"), fouriers, medics, musicians and chaplains received 8 Gulden. 12 for the scribes, 16 for sergeants, 20 for banner carriers, 40 for captains and 400 for the colonel. All figures are per month, but the mercenaries had the right to demand the beginning of a new pay month after every battle fought.
Compared to this, the cost of living was 1-2 Gulden per month, so the pay was relatively high.
However, regular and appropriate payment was not always the rule, causing mutinies and disorderly plunderings, with the prospect of booty being another important incentive for the individual mercenary.