Another very user-friendly method to supplement the payment terms sections for your SaaS is to provide a FAQ. Section A describes the registration process for and using your Stripe account. a. Payment Cards: When accepting payment card payments, you must comply with all applicable network rules and rules, including visa rules and rules established by Visa U.S., Inc. and Visa International (“Visa”), MasterCard Mastercard rules from MasterCard, American Express Merchant Operating Guide and Discover Network Rules (please Discover for a copy) of Discover Services LLC (“Discover”). Together, Visa, Mastercard, American Express and Discover are called “networks” in this agreement. These prefabricated contract templates are formatted to provide contact information, terms and conditions and conflict resolution instructions. You can collect electronic signatures with Adobe Sign or DocuSign and accept payments with built-in gateways like PayPal or Square. JotForm`s PDF editor lets you customize your contract template by reorganizing the layout and rewriting the text to better indicate each party`s obligations and protect the rights of all participants. Customers generally increase disputes over the payment card network (also known as “chargebacks”) when a merchant does not provide the product or service to the customer or when the card account holder has not authorized the fee. High litigation rates (usually over 1%) may prevent you from using payment processing services. If you don`t manage disputes with your customers on time and efficiently, this may prevent you from accepting payment cards for your business. d.
American Express conversion. If your American Express transaction volume exceeds an American Express threshold, American Express may convert you to a direct American Express reseller, which means that your acceptance of American Express transactions will be regulated by the current American Express card acceptance agreement and that your prices and other fees for accepting American Express transactions will be paid directly between you and American Express. In the event of such a conversion, your relationship with Stripe will not be affected otherwise, and Stripe will continue to process your American Express transactions in accordance with this agreement. “litigation,” an instruction by a customer to return funds from an existing fee (including refunding or resolving disputes in a payment card network and litigation within the automatic euro call exchange network). Also indicate the exact date on which the loan will be fully paid. This is also the date of the last payment. This is essential to ensure that both parties know when the agreement will be reached. If the loan has not been made on the specified date, both parties should discuss what to do next.
You can also add these types of conditions to your agreement if you want to raise prices if an unforeseen circumstance occurs, making your application much more expensive.
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