Many thanks for the usage and consideration of Plastiq! Our objective is consumers that are empowering organizations having the ability to purchase any worthwhile or solution on card, no matter whether or otherwise not cards are historically accepted.
The next is an official description of just what you may expect from utilizing our solution. We outline exactly exactly exactly how it all ongoin works вЂ“ together with your legal rights as a person and our policies and procedures which permit us to use this groundbreaking re re re re payment solution.
This consumer regards to provider (вЂњAgreementвЂќ) relates to your usage (the вЂњWebsiteвЂќ) together with Services (as defined herein) and is just a contract that is legal you (вЂњUserвЂќ/вЂќyouвЂќ/вЂќyourвЂќ) and Plastiq Inc. (вЂњPlastiqвЂќ/вЂќweвЂќ/вЂќusвЂќ). If you’re in Texas, this really is a appropriate agreement between you and PLV Inc. DBA PLV TX Branch Inc., a Plastiq Inc. subsidiary, for whom Plastiq Inc. will act as a realtor. (For Texas users, вЂњPlastiq,вЂќ вЂњwe,вЂќ and that areвЂњus to both PLV Inc. DBA PLV TX Branch Inc. and Plastiq Inc.) Any concerns regarding this contract ought to be directed. We possibly may amend this contract whenever you want, for instance to mirror modifications to the solutions or conformity because of the legislation and can upload notice for the version that is latest on the web site. The revised variation will immediately be effective soon after we post it. Modifications will perhaps not use retroactively. Your proceeded use for the Services after any change to the contract are considered acceptance associated with the updated Agreement. You should discontinue your use of the Services if you do not agree to the modified terms of this Agreement.
1 The Plastiq Solutions
1.1 Services Definition
Plastiq provides Services which permit re Payments to Recipients, including Recipients that do maybe maybe not accept a UserвЂ™s preferred Payment Method. Plastiq often lovers with Recipients to facilitate their receipt of funds and crediting of consumer records. Other Recipients also may often be paid through bill re re re re payment companies or with real checks (cheques). A fee for the use of the Services, often at the time of Payment submission for access to and use of the Services, Plastiq may charge users. Presently, Plastiq provides its Services to residents for the united states of america or Canada.
Currently supported Payment techniques are enumerated in Section 4 of the contract. Plastiq will not issue re payment cards or expand credit.
By publishing A repayment through the Plastiq Services, you consent to remain limited by all terms that are applicable conditions of this Recipients to who you distribute re re re Payments. You further acknowledge that the usage of Plastiq Services doesn’t change or impact any Recipient repayment terms including yet not limited by due dates, re re re re payment plans, belated costs, and refunds. Any responsibilities due to your relationships https://nationaltitleloan.net/payday-loans-il/ with Recipients may possibly not be assigned to Plastiq.
1.2 Fund Ownership
Major funds to many US Recipients don’t pass into PlastiqвЂ™s ownership that is legal any moment from Payment initiation to effective distribution, including any subsequent refunds.
Plastiq makes use of a merchant account at Silicon Valley Bank (SVB) that is held in SVBвЂ™s title. The account name additionally reveals that this account is actually for the main benefit of clients of Plastiq. Plastiq has got the straight to instruct SVB from the utilization of funds within the account, including to get funds away from you also to then deliver funds to your Recipient predicated on your guidelines.
SVB functions just as company to Plastiq, and its own part when you look at the conclusion of a re re re payment is fixed to treasury disbursement. You aren’t a client of SVB. Plastiq provides card processing solutions for your requirements and dispatches re payment guidelines to SVB for the intended purpose of accomplishing these re re payments.
For transactions involving PLV Inc., principal funds do pass to PLVвЂ™s ownership that is legal.
1.3 A Completely Independent Third-Party
Plastiq is a completely independent, third-party solution which is not formally associated with your Recipients, except where otherwise suggested. You acknowledge and concur that your utilization of the Services will not in every method constitute an agreement that is tri-party you, Plastiq, as well as your Recipients.
Consequently, Plastiq assumes no obligation and can do not have liability for almost any effects caused by your interactions or agreements with Recipients, including although not restricted to cost terms, the appropriate and prompt distribution of products or solutions, and any associated disputes that might arise. Plastiq in no real method endorses, suggests, or bears any duty or obligation for almost any services and products, solutions or statements presented by Recipients. Recipient statements and viewpoints aren’t representative of Plastiq or its company lovers.