Licence, risk & account terms — found from sitemap — SumUp

Cited by

Facts read from this source

• Acquirer entity Report an error

  “made among WORLDPAY, LLC, having its principal office at 8500 Governors Hill Drive, Symmes Township, OH 45249-1384”

• Member bank Report an error

  “As of the commencement of this Agreement, Member Bank shall be Fifth Third Bank, an Ohio Banking Corporation, located in Cincinnati, OH 45263.”

• Governing law Report an error

  “This Agreement is entered into, governed by, and construed pursuant to the laws of the State of Ohio without regard to conflicts of law provisions.”

• Operating regulations Report an error

  “including but not limited to the Payment Card Industry Data Security Standard, the VISA Cardholder Information Security Program, the MasterCard Site Data Protection Program”

• Aml laws Report an error

  “Sub-merchant agrees that it will fully comply with any and all anti-money laundering laws and regulations, including but not limited to the Bank Secrecy Act, the US Treasury’s Office of Foreign Assets Control (OFAC) and the Federal Trade Commission.”

• Limited acceptance Report an error

  “Sub-merchant may be a limited-acceptance merchant, which means that Sub-merchant has elected to accept only certain Visa and MasterCard card types (i.e., consumer credit, consumer debit, and commercial cards) and must display appropriate signage to indicate the same.”

• Minimum transaction Report an error

  “the minimum transaction amount does not exceed ten dollars (or any higher amount established by the Federal Reserve)”

• Card storage prohibition Report an error

  “Neither Sub-merchant nor its Agent shall retain or store magnetic-stripe data subsequent to the authorization of a sales transaction.”

• Settlement accounts Report an error

  “Acquirer will fund Sub-merchant, either directly to the Sub-merchant-Owned Designated Account or through Provider to an account designated by Provider (“Provider Designated Account”), at Acquirer’s discretion”

• Chargebacks Report an error

  “if a cardholder disputes a transaction, if a transaction is charged back for any reason, or if Acquirer reasonably believes a transaction is unauthorized or otherwise unacceptable, the amount of such transaction may be charged back and debited from Sub-merchant or Provider.”

• Termination notice Report an error

  “Acquirer may immediately cease providing Services and/or terminate this Agreement without notice if (i) Sub-merchant or Provider fails to pay any amount to Acquirer when due”

• Breach notice period Report an error

  “with written notice of any alleged breach by Acquirer of this Agreement, which notice will specifically detail such alleged breach, within thirty (30) days of the date on which the alleged breach first occurred”

• Liability limitation Report an error

  “Sub-merchant’s sole and exclusive remedy for any and all claims against Acquirer arising out of or in any way related to the transactions contemplated herein shall be termination of this Agreement.”

• Assignment Report an error

  “This Agreement may not be assigned by Sub-merchant without the prior written consent of Acquirer.”

• Amendment Report an error

  “Acquirer may amend this Agreement upon notice to Sub-merchant in accordance with Acquirer’s standard operating procedure.”

• Term coterminous Report an error

  “shall be coterminous with Provider’s agreement with Sub-merchant”

• Sumup registration Report an error

  “SumUp is a registered Payment Facilitator of Fifth Third Bank, an Ohio Corporation. Banking services are provided by Airwallex.”

• Sumup entity Report an error

  “SumUp Inc. 1209 Orange Street Wilmington DE 19801-0801”

• Card network regulation links Report an error

  “https://usa.visa.com/support/small-business/regulations-fees.html”

Scores citing this record

• The Compliance Officer Licence, risk & account terms
• The Compliance Officer European sovereignty
• The E-Commerce Lead Licence, risk & account terms
• The Payments Engineer Licence, risk & account terms
• The Payments Engineer European sovereignty
• The Finance Lead Licence, risk & account terms
• The Finance Lead European sovereignty
• The Skeptic Licence, risk & account terms
• The Skeptic European sovereignty
• The SaaS Founder Licence, risk & account terms
• The SaaS Founder European sovereignty