diff --git a/CHANGELOG_PENDING.md b/CHANGELOG_PENDING.md
index bd4caf70d2..cd86a5c596 100644
--- a/CHANGELOG_PENDING.md
+++ b/CHANGELOG_PENDING.md
@@ -4,6 +4,7 @@
 
 -   [#3055](https://github.com/livepeer/go-livepeer/pull/3055) census: Rename broadcaster metrics to gateway metrics
 -   [#3053](https://github.com/livepeer/go-livepeer/pull/3053) cli: add `-gateway` flag and deprecate `-broadcaster` flag.
+-   [#3056](https://github.com/livepeer/go-livepeer/pull/3056) cli: add `-pricePerGateway` flag and deprecate `-pricePerBroadcaster` flag.
 
 ### Breaking Changes 🚨🚨
 
diff --git a/cmd/livepeer/livepeer.go b/cmd/livepeer/livepeer.go
index 0568b70836..0bf119b7bb 100755
--- a/cmd/livepeer/livepeer.go
+++ b/cmd/livepeer/livepeer.go
@@ -179,6 +179,7 @@ func parseLivepeerConfig() starter.LivepeerConfig {
 	cfg.PixelsPerUnit = flag.String("pixelsPerUnit", *cfg.PixelsPerUnit, "Amount of pixels per unit. Set to '> 1' to have smaller price granularity than 1 wei / pixel")
 	cfg.PriceFeedAddr = flag.String("priceFeedAddr", *cfg.PriceFeedAddr, "ETH address of the Chainlink price feed contract. Used for custom currencies conversion on -pricePerUnit or -maxPricePerUnit")
 	cfg.AutoAdjustPrice = flag.Bool("autoAdjustPrice", *cfg.AutoAdjustPrice, "Enable/disable automatic price adjustments based on the overhead for redeeming tickets")
+	cfg.PricePerGateway = flag.String("pricePerGateway", *cfg.PricePerGateway, `json list of price per gateway or path to json config file. Example: {"broadcasters":[{"ethaddress":"address1","priceperunit":0.5,"currency":"USD","pixelsperunit":1000000000000},{"ethaddress":"address2","priceperunit":0.3,"currency":"USD","pixelsperunit":1000000000000}]}`)
 	cfg.PricePerBroadcaster = flag.String("pricePerBroadcaster", *cfg.PricePerBroadcaster, `json list of price per broadcaster or path to json config file. Example: {"broadcasters":[{"ethaddress":"address1","priceperunit":0.5,"currency":"USD","pixelsperunit":1000000000000},{"ethaddress":"address2","priceperunit":0.3,"currency":"USD","pixelsperunit":1000000000000}]}`)
 	// Interval to poll for blocks
 	cfg.BlockPollingInterval = flag.Int("blockPollingInterval", *cfg.BlockPollingInterval, "Interval in seconds at which different blockchain event services poll for blocks")
diff --git a/cmd/livepeer/starter/starter.go b/cmd/livepeer/starter/starter.go
index 3ed6edfaa0..1053506bda 100755
--- a/cmd/livepeer/starter/starter.go
+++ b/cmd/livepeer/starter/starter.go
@@ -126,6 +126,7 @@ type LivepeerConfig struct {
 	PixelsPerUnit           *string
 	PriceFeedAddr           *string
 	AutoAdjustPrice         *bool
+	PricePerGateway         *string
 	PricePerBroadcaster     *string
 	BlockPollingInterval    *int
 	Redeemer                *bool
@@ -204,6 +205,7 @@ func DefaultLivepeerConfig() LivepeerConfig {
 	defaultPixelsPerUnit := "1"
 	defaultPriceFeedAddr := "0x639Fe6ab55C921f74e7fac1ee960C0B6293ba612" // ETH / USD price feed address on Arbitrum Mainnet
 	defaultAutoAdjustPrice := true
+	defaultPricePerGateway := ""
 	defaultPricePerBroadcaster := ""
 	defaultBlockPollingInterval := 5
 	defaultRedeemer := false
@@ -292,6 +294,7 @@ func DefaultLivepeerConfig() LivepeerConfig {
 		PixelsPerUnit:           &defaultPixelsPerUnit,
 		PriceFeedAddr:           &defaultPriceFeedAddr,
 		AutoAdjustPrice:         &defaultAutoAdjustPrice,
+		PricePerGateway:         &defaultPricePerGateway,
 		PricePerBroadcaster:     &defaultPricePerBroadcaster,
 		BlockPollingInterval:    &defaultBlockPollingInterval,
 		Redeemer:                &defaultRedeemer,
@@ -784,7 +787,11 @@ func StartLivepeer(ctx context.Context, cfg LivepeerConfig) {
 			}
 			n.SetBasePrice("default", autoPrice)
 
-			broadcasterPrices := getBroadcasterPrices(*cfg.PricePerBroadcaster)
+			if *cfg.PricePerBroadcaster != "" {
+				glog.Warning("-PricePerBroadcaster flag is deprecated and will be removed in a future release. Please use -PricePerGateway instead")
+				cfg.PricePerGateway = cfg.PricePerBroadcaster
+			}
+			broadcasterPrices := getGatewayPrices(*cfg.PricePerGateway)
 			for _, p := range broadcasterPrices {
 				p := p
 				pricePerPixel := new(big.Rat).Quo(p.PricePerUnit, p.PixelsPerUnit)
@@ -1482,51 +1489,64 @@ func checkOrStoreChainID(dbh *common.DB, chainID *big.Int) error {
 	return nil
 }
 
-type BroadcasterPrice struct {
+type GatewayPrice struct {
 	EthAddress    string
 	PricePerUnit  *big.Rat
 	Currency      string
 	PixelsPerUnit *big.Rat
 }
 
-func getBroadcasterPrices(broadcasterPrices string) []BroadcasterPrice {
-	if broadcasterPrices == "" {
+func getGatewayPrices(gatewayPrices string) []GatewayPrice {
+	if gatewayPrices == "" {
 		return nil
 	}
 
 	// Format of broadcasterPrices json
-	// {"broadcasters":[{"ethaddress":"address1","priceperunit":0.5,"currency":"USD","pixelsperunit":1}, {"ethaddress":"address2","priceperunit":0.3,"currency":"USD","pixelsperunit":3}]}
+	// {"gateways":[{"ethaddress":"address1","priceperunit":0.5,"currency":"USD","pixelsperunit":1}, {"ethaddress":"address2","priceperunit":0.3,"currency":"USD","pixelsperunit":3}]}
 	var pricesSet struct {
+		Gateways []struct {
+			EthAddress    string          `json:"ethaddress"`
+			PixelsPerUnit json.RawMessage `json:"pixelsperunit"`
+			PricePerUnit  json.RawMessage `json:"priceperunit"`
+			Currency      string          `json:"currency"`
+		} `json:"gateways"`
+		// TODO: Keep the old name for backwards compatibility, remove in the future
 		Broadcasters []struct {
-			EthAddress string `json:"ethaddress"`
-			// The fields below are specified as a number in the JSON, but we don't want to lose precision so we store the raw characters here and parse as a big.Rat.
-			// This also allows support for exponential notation for numbers, which is helpful for pricePerUnit which could be a value like 1e12.
+			EthAddress    string          `json:"ethaddress"`
 			PixelsPerUnit json.RawMessage `json:"pixelsperunit"`
 			PricePerUnit  json.RawMessage `json:"priceperunit"`
 			Currency      string          `json:"currency"`
 		} `json:"broadcasters"`
 	}
-	pricesFileContent, _ := common.ReadFromFile(broadcasterPrices)
+	pricesFileContent, _ := common.ReadFromFile(gatewayPrices)
 
 	err := json.Unmarshal([]byte(pricesFileContent), &pricesSet)
 	if err != nil {
-		glog.Errorf("broadcaster prices could not be parsed: %s", err)
+		glog.Errorf("gateway prices could not be parsed: %s", err)
 		return nil
 	}
 
-	prices := make([]BroadcasterPrice, len(pricesSet.Broadcasters))
-	for i, p := range pricesSet.Broadcasters {
+	// Check if broadcasters field is used and display a warning
+	if len(pricesSet.Broadcasters) > 0 {
+		glog.Warning("The 'broadcaster' property in the 'pricePerGateway' config is deprecated and will be removed in a future release. Please use 'gateways' instead.")
+	}
+
+	// Combine broadcasters and gateways into a single slice
+	allGateways := append(pricesSet.Broadcasters, pricesSet.Gateways...)
+
+	prices := make([]GatewayPrice, len(allGateways))
+	for i, p := range allGateways {
 		pixelsPerUnit, ok := new(big.Rat).SetString(string(p.PixelsPerUnit))
 		if !ok {
-			glog.Errorf("Pixels per unit could not be parsed for broadcaster %v. must be a valid number, provided %s", p.EthAddress, p.PixelsPerUnit)
+			glog.Errorf("Pixels per unit could not be parsed for gateway %v. must be a valid number, provided %s", p.EthAddress, p.PixelsPerUnit)
 			continue
 		}
 		pricePerUnit, ok := new(big.Rat).SetString(string(p.PricePerUnit))
 		if !ok {
-			glog.Errorf("Price per unit could not be parsed for broadcaster %v. must be a valid number, provided %s", p.EthAddress, p.PricePerUnit)
+			glog.Errorf("Price per unit could not be parsed for gateway %v. must be a valid number, provided %s", p.EthAddress, p.PricePerUnit)
 			continue
 		}
-		prices[i] = BroadcasterPrice{
+		prices[i] = GatewayPrice{
 			EthAddress:    p.EthAddress,
 			Currency:      p.Currency,
 			PricePerUnit:  pricePerUnit,
diff --git a/cmd/livepeer/starter/starter_test.go b/cmd/livepeer/starter/starter_test.go
index 45d3620b8e..60df927897 100644
--- a/cmd/livepeer/starter/starter_test.go
+++ b/cmd/livepeer/starter/starter_test.go
@@ -2,6 +2,7 @@ package starter
 
 import (
 	"errors"
+	"fmt"
 	"math/big"
 	"os"
 	"path/filepath"
@@ -87,19 +88,25 @@ func TestIsLocalURL(t *testing.T) {
 	assert.False(isLocal)
 }
 
-func TestParseGetBroadcasterPrices(t *testing.T) {
+func TestParseGetGatewayPrices(t *testing.T) {
 	assert := assert.New(t)
 
-	j := `{"broadcasters":[{"ethaddress":"0x0000000000000000000000000000000000000000","priceperunit":1000,"pixelsperunit":1}, {"ethaddress":"0x1000000000000000000000000000000000000000","priceperunit":2000,"pixelsperunit":3}]}`
+	// TODO: Keep checking old field for backwards compatibility, remove in future
+	jsonTemplate := `{"%s":[{"ethaddress":"0x0000000000000000000000000000000000000000","priceperunit":1000,"pixelsperunit":1}, {"ethaddress":"0x1000000000000000000000000000000000000000","priceperunit":2000,"pixelsperunit":3}]}`
+	testCases := []string{"gateways", "broadcasters"}
 
-	prices := getBroadcasterPrices(j)
-	assert.NotNil(prices)
-	assert.Equal(2, len(prices))
+	for _, tc := range testCases {
+		jsonStr := fmt.Sprintf(jsonTemplate, tc)
 
-	price1 := new(big.Rat).Quo(prices[0].PricePerUnit, prices[0].PixelsPerUnit)
-	price2 := new(big.Rat).Quo(prices[1].PricePerUnit, prices[1].PixelsPerUnit)
-	assert.Equal(big.NewRat(1000, 1), price1)
-	assert.Equal(big.NewRat(2000, 3), price2)
+		prices := getGatewayPrices(jsonStr)
+		assert.NotNil(prices)
+		assert.Equal(2, len(prices))
+
+		price1 := new(big.Rat).Quo(prices[0].PricePerUnit, prices[0].PixelsPerUnit)
+		price2 := new(big.Rat).Quo(prices[1].PricePerUnit, prices[1].PixelsPerUnit)
+		assert.Equal(big.NewRat(1000, 1), price1)
+		assert.Equal(big.NewRat(2000, 3), price2)
+	}
 }
 
 // Address provided to keystore file