What Is A Sub Merchant Agreement

October 14, 2021

In addition, Supplier may terminate this Negotiator Agreement at any time at Supplier`s sole discretion without notice to the Negotiator. If this Negotiator Agreement is terminated by any of these Agreements, the provisions of Section 4 above shall continue to apply until the Negotiator has paid all amounts due to the Supplier in connection with the service provided by the Supplier prior to termination. Subcontractor agrees to pay supplier, upon request, (i) all service or processing fees, taxes or other fees related to payment transactions processed through the Service, as set forth in the supplier`s fee disclosure as amended from time to time or in any other applicable document (e.B. a purchase order), (ii) any adjustments, fees, penalties or costs incurred by the Supplier as a result of any dispute relating to a User Payment or Payment. Transaction allegedly processed through the Service; and (iii) any fees or charges charged by third parties (including associations and acquirers) in connection with disputed, returned or cancelled transactions or user payments. The sub-negotiator shall authorise and instruct the supplier to deduct from the user`s payments the amounts due by the negotiator under this paragraph and the sub-negotiator understands that the transfers from the user`s payment provider to the sub-trader will be less than those amounts. While agreements with merchants generally apply to suppliers of goods or services, they can also affect foundations and non-profit organizations. In addition to the termination provisions set forth in Section 5, this Negotiator Agreement will terminate automatically and immediately if the Company unsubscribes the Supplier or if a Purchaser is no longer approved by the Company for any reason, or if such Acquirer does not have a valid license with the Company to use a trademark accepted by the Sub-Licensee. In addition, the Supplier may, in its sole discretion or on the instructions of a Purchaser or the Company, immediately terminate the Negotiator Agreement if the Supplier, Purchaser or Company is found to be fraudulent or otherwise unlawful. In the event of any conflict or inconsistency between any provision of this Subcontractor Agreement and the Standards, the Standards will apply to any transaction in which the Company or its cards are involved.


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