Common use of Payment Services Clause in Contracts

Payment Services. Provided you satisfy the underwriting criteria for receipt of Payment Services and remain in compliance with the Agreement, we will agree to provide you with the payment services as described in the Agreement (collectively, “Payment Services”). In exchange for Payment Services, you agree to pay us the rates, fees and other charges described in the Agreement (collectively, “Fees”). Besides us, there are other third parties involved in the facilitation and processing of Payment Services; these third parties include banks (i.e., acquiring bank, sponsor bank), the major card networks/associations such as Visa, Mastercard, Discover and American Express (collectively, “Card Brands” unless referred to individually by name), and our designated payment processor (“Processor”). Each of these parties serve an important function in the facilitation, processing and settling of transactions associated with your business. By designating us as your agent for payment facilitation services, and remaining in compliance with the terms of the Agreement (including payment of all of our Fees), you will receive the right to accept payments from customers, clients and/or members (collectively, “End Users”) through validly issued bankcards (“cards”) associated with the Card Brands, and/or, if approved, through automated clearing house transactions (“ACH”) regulated by the National Automated Clearing House Association (“NACHA”). We will only provide you with Payment Services for transactions run on active, non-defaulted End User agreements properly delivered to us through the appropriate system in accordance with the Agreement’s terms and conditions including, without limitation, this Sub-Merchant Agreement. We may change or add fees and/or charges related to increases in third party fees, including but not limited to Card Brand fees, upon at least thirty (30) days’ prior written notice to you; provided, however, we may not increase fees solely and directly retained us by until the expiration of the Initial Term. In the event we change or add fees or charges pursuant to the immediately preceding sentence ("Fee Change"), you may, subject to the following provisions, terminate the Agreement upon 60 days advance written notice to us provided we receive such written notice from you of your intention to so terminate within 90 days of the date the Fee Change becomes effective. Upon our receipt of your written notice pursuant to the immediately preceding sentence, we have 30 days to rescind or waive the Fee Change, and, in the event we elect to rescind or waive the Fee Change, you shall not have the right to terminate this Agreement as a result of the Fee Change and this Agreement shall remain in full force and effect notwithstanding your written notice to terminate. You acknowledge and agree that this Section shall not be intended or construed to permit you to terminate the Agreement as a result of a change or increase in fees from third parties and/or in pass through fees as referenced in this Agreement or another agreement between us.

Payment Services. Provided you satisfy the underwriting criteria for receipt of Payment Services and remain in compliance with the Agreement, we will agree to provide you with the payment services as described in the Agreement (collectively, “Payment Services”). In exchange for Payment Services, you agree to pay us the rates, fees and other charges described in the Agreement (collectively, “Fees”). Besides us, there are other third parties involved in the facilitation and processing of Payment Services; these third parties include banks (i.e., acquiring bank, sponsor bank), the major card networks/associations such as Visa, Mastercard, Discover and American Express (collectively, “Card Brands” unless referred to individually by name), and our designated payment processor (“Processor”). Each of these parties serve an important function in the facilitation, processing and settling of transactions associated with your business. By designating us as your agent for payment facilitation services, and remaining in compliance with the terms of the Agreement (including payment of all of our Fees), you will receive the right to accept payments from customers, clients and/or members (collectively, “End Users”) through validly issued bankcards (“cards”) associated with the Card Brands, and/or, if approved, through automated clearing house transactions (“ACH”) regulated by the National Automated Clearing House Association (“NACHA”). We will only provide you with Payment Services for transactions run on active, non-defaulted End User agreements properly delivered to us through the appropriate system in accordance with the Agreement’s terms and conditions including, without limitation, this Sub-Merchant Agreement. We may change or add fees and/or charges related to increases in third party fees, including but not limited to Card Brand fees, upon at least thirty (30) days’ prior written notice to you; provided, however, we may not increase fees solely and directly retained us by until the expiration of the Initial Term. In the event we change or add fees or charges pursuant to the immediately preceding sentence ("Fee Change"), you may, subject to the following provisions, terminate the Agreement upon 60 days advance written notice to us provided we receive such written notice from you of your intention to so terminate within 90 days of the date the Fee Change becomes effective. Upon our receipt of your written notice pursuant to the immediately preceding sentence, we have 30 days to rescind or waive the Fee Change, and, in the event we elect to rescind or waive the Fee Change, you shall not have the right to terminate this Agreement as a result of the Fee Change and this Agreement shall remain in full force and effect notwithstanding your written notice to terminate. You acknowledge and agree that this Section shall not be intended or construed to permit you to terminate the Agreement as a result of a change or increase in fees from third parties and/or in pass through fees as referenced in this Agreement or another agreement between us.

Payment Services. Provided you satisfy the underwriting criteria for receipt of Payment Services and remain in compliance with the Agreement, we will agree to provide you with the payment services as described in the Agreement (collectively, “Payment Services”). In exchange for Payment Services, you agree to pay us the rates, fees and other charges described in the Agreement (collectively, “Fees”). Besides us, there are other third parties involved in the facilitation and processing of Payment Services; these third parties include banks (i.e., acquiring bank, sponsor bank), the major card networks/associations such as Visa, Mastercard, Discover and American Express (collectively, “Card Brands” unless referred to individually by name), and our designated payment processor (“Processor”). Each of these parties serve an important function in the facilitation, processing and settling of transactions associated with your business. By designating us as your agent for payment facilitation services, and remaining in compliance with the terms of the Agreement (including payment of all of our Fees), you will receive the right to accept payments from customers, clients and/or members (collectively, “End Users”) through validly issued bankcards (“cards”) associated with the Card Brands, and/or, if approved, through automated clearing house transactions (“ACH”) regulated by the National Automated Clearing House Association (“NACHA”). We will only provide you with Payment Services for transactions run on active, non-defaulted End User agreements properly delivered to us through the appropriate system in accordance with the Agreement’s terms and conditions including, without limitation, this Sub-Merchant Agreement. We may change or add fees and/or charges related to increases in third party fees, including but not limited to Card Brand fees, upon at least thirty (30) days’ prior written notice to you; provided, however, we may not increase fees solely and directly retained us by until the expiration of the Initial Term. In the event we change or add fees or charges pursuant to the immediately preceding sentence ("Fee Change"), you may, subject to the following provisions, terminate the Agreement upon 60 days advance written notice to us provided we receive such written notice from you of your intention to so terminate within 90 days of the date the Fee Change becomes effective. Upon our receipt of your written notice pursuant to the immediately preceding sentence, we have 30 days to rescind or waive the Fee Change, and, in the event we elect to rescind or waive the Fee Change, you shall not have the right to terminate this Agreement as a result of the Fee Change and this Agreement shall remain in full force and effect notwithstanding your written notice to terminate. You acknowledge and agree that this Section shall not be intended or construed to permit you to terminate the Agreement as a result of a change or increase in fees from third parties and/or in pass through fees as referenced in this Agreement or another agreement between us.

Payment Services. Provided you satisfy the underwriting criteria for receipt of Payment Services and remain in compliance with the Agreement, we will agree to provide you with the payment services as described in the Agreement (collectively, “Payment Services”). In exchange for Payment Services, you agree to pay us the rates, fees and other charges described in the Agreement (collectively, “Fees”). Besides us, there are other third parties involved in the facilitation and processing of Payment Services; these third parties include banks (i.e., acquiring bank, sponsor bank), the major card networks/associations such as Visa, Mastercard, Discover and American Express (collectively, “Card Brands” unless referred to individually by name), and our designated payment processor (“Processor”). Each of these parties serve an important function in the facilitation, processing and settling of transactions associated with your business. By designating us as your agent for payment facilitation services, and remaining in compliance with the terms of the Agreement (including payment of all of our Fees), you will receive the right to accept payments from customerscustome rs, clients and/or members (collectively, “End Users”) through validly issued bankcards (“cards”) associated with the Card Brands, and/or, if approved, through automated clearing house transactions (“ACH”) or electronic funds transfer (“EFT”) regulated by the National Automated Clearing House Association (“NACHA”)) or Payments Canada, respectively. We will only provide you with Payment Services for transactions run on active, non-defaulted End User agreements properly delivered to us through the appropriate system in accordance with the Agreement’s terms and conditions including, without limitation, this Sub-Merchant Agreement. We may change or add fees and/or charges related to increases in third party fees, including but not limited to Card Brand fees, upon at least thirty (30) days’ prior written notice to you; provided, however, we may not increase fees solely and directly retained us by until the expiration of the Initial Term. In the event we change or add fees or charges pursuant to the immediately preceding sentence ("Fee Change"), you may, subject to the following provisions, terminate the Agreement upon 60 days advance written notice to us provided we receive such written notice from you of your intention to so terminate within 90 days of the date the Fee Change becomes effective. Upon our receipt of your written notice pursuant to the immediately preceding sentence, we have 30 days to rescind or waive the Fee Change, and, in the event we elect to rescind or waive the Fee Change, you shall not have the right to terminate this Agreement as a result of the Fee Change and this Agreement shall remain in full force and effect notwithstanding your written notice to terminate. You acknowledge and agree that this Section shall not be intended or construed to permit you to terminate the Agreement as a result of a change or increase in fees from third parties and/or in pass through fees as referenced in this Agreement or another agreement between us.

Payment Services. Provided you satisfy the underwriting criteria for receipt of Payment Services and remain in compliance with the Agreement, we will agree to provide you with the payment services as described in the Agreement (collectively, “Payment Services”). In exchange for Payment Services, you agree to pay us the rates, fees and other charges described in the Agreement (collectively, “Fees”). Besides us, there are other third parties involved in the facilitation and processing of Payment Services; these third parties include banks (i.e., acquiring bank, sponsor bank), the major card networks/associations such as Visa, Mastercard, Discover and American Express (collectively, “Card Brands” unless referred to individually by name), and our designated payment processor (“Processor”). Each of these parties serve an important function in the facilitation, processing and settling of transactions associated with your business. By designating us as your agent for payment facilitation services, and remaining in compliance with the terms of the Agreement (including payment of all of our Fees), you will receive the right to accept payments from customerscustome rs, clients and/or members (collectively, “End Users”) through validly issued bankcards (“cards”) associated with the Card Brands, and/or, if approved, through automated clearing house transactions (“ACH”) or electronic funds transfer (“EFT”) regulated by the National Automated Clearing House Association (“NACHA”)) or Payments Canada, respectively. We will only provide you with Payment Services for transactions run on active, non-defaulted End User agreements properly delivered to us through the appropriate system in accordance with the Agreement’s terms and conditions including, without limitation, this Sub-Merchant Agreement. We may change or add fees and/or charges related to increases in third party fees, including but not limited to Card Brand fees, upon at least thirty (30) days’ prior written notice to you; provided, however, we may not increase fees solely and directly retained us by until the expiration of the Initial Term. In the event we change or add fees or charges pursuant to the immediately preceding sentence ("Fee Change"), you may, subject to the following provisions, terminate the Agreement upon 60 days advance written notice to us provided we receive such written notice from you of your intention to so terminate within 90 days of the date the Fee Change becomes effective. Upon our receipt of your written notice pursuant to the immediately preceding sentence, we have 30 days to rescind or waive the Fee Change, and, in the event we elect to rescind or waive the Fee Change, you shall not have the right to terminate this Agreement as a result of the Fee Change and this Agreement shall remain in full force and effect notwithstanding your written notice to terminate. You acknowledge and agree that this Section shall not be intended or construed to permit you to terminate the Agreement as a result of a change or increase in fees from third parties and/or in pass through fees as referenced in this Agreement or another agreement between us.

Payment Services. Provided you satisfy the underwriting criteria for receipt of Payment Services and remain in compliance with the Agreement, we will agree to provide you with the payment services as described in the Agreement (collectively, “Payment Services”). In exchange for Payment Services, you agree to pay us the rates, fees and other charges described in the Agreement (collectively, “Fees”). Besides us, there are other third parties involved in the facilitation and processing of Payment Services; these third parties include banks (i.e., acquiring bank, sponsor bank), the major card networks/associations such as Visa, Mastercard, Discover and American Express (collectively, “Card Brands” unless referred to individually by name), and our designated payment processor (“Processor”). Each of these parties serve an important function in the facilitation, processing and settling of transactions associated with your business. By designating us as your agent for payment facilitation services, and remaining in compliance with the terms of the Agreement (including payment of all of our Fees), you will receive the right to accept payments from customers, clients and/or members (collectively, “End Users”) through validly issued bankcards (“cards”) associated with the Card Brands, and/or, if approved, through automated clearing house transactions (“ACH”) regulated by the National Automated Clearing House Association (“NACHA”). We will only provide you with Payment Services for transactions run on active, non-defaulted End User agreements properly delivered to us through the appropriate system in accordance with the Agreement’s terms and conditions including, without limitation, this Sub-Sub- Merchant Agreement. We may change or add fees and/or charges related to increases in third party fees, including but not limited to Card Brand fees, upon at least thirty (30) days’ prior written notice to you; provided, however, we may not increase fees solely and directly retained us by until the expiration of the Initial Term. In the event we change or add fees or charges pursuant to the immediately preceding sentence ("Fee Change"), you may, subject to the following provisions, terminate the Agreement upon 60 days advance written notice to us provided we receive such written notice from you of your intention to so terminate within 90 days of the date the Fee Change becomes effective. Upon our receipt of your written notice pursuant to the immediately preceding sentence, we have 30 days to rescind or waive the Fee Change, and, in the event we elect to rescind or waive the Fee Change, you shall not have the right to terminate this Agreement as a result of the Fee Change and this Agreement shall remain in full force and effect notwithstanding your written notice to terminate. You acknowledge and agree that this Section shall not be intended or construed to permit you to terminate the Agreement as a result of a change or increase in fees from third parties and/or in pass through fees as referenced in this Agreement or another agreement between us.