Common use of Responsibility for Card Transactions Clause in Contracts

Responsibility for Card Transactions. As between Stripe and you, you are responsible for Card Transactions made by your Stripe Issuing Accountholders and Card Authorised Users, and all fees and penalties incurred resulting from any Stripe Issuing Accountholder’s or Card Authorised User’s failure to (a) exercise reasonable care in safeguarding Cards from loss or theft; or (b) promptly report loss or theft, including fraud. Additionally, to the extent Law permits, if you, a Stripe Issuing Accountholder or a Card Authorised User allows another party to use the Card or Card Account Data for any purpose, or if an unauthorised person uses a Card or Card Account Data, you are responsible for that use, including all losses, damages and costs arising out of or relating to that use.