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#11 - Financial Software Purchase
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#11 - Financial Software Purchase
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8/15/2025 9:27:46 AM
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—1— <br /> <br />Integrated Payments Addendum <br />This Addendum (“Addendum”) supplements the Customer Agreement entered into by and between <br />BS&A Software, LLC (“BS&A”) and the (“Customer”) together <br />with the BS&A Customer Terms and Conditions (collectively, the “Agreement”), effective on the date of <br />the Customer signature. <br />Payment processing services accessible through an integration with BS&A’s platform are provided by <br />BS&A’s designated payment processor, as BS&A may designated from time to time (“Processor”). As of <br />the effective date of this Addendum, the Processor is Stripe, Inc. (“Stripe”). This Addendum will apply if <br />Customer sets up an account with the Processor (with Stripe as processor, such account is referred to <br />herein as the “Stripe Connected Account”), to receive payment processing services from Processor <br />(“Payment Processing Services”) through such integration. Capitalized terms used but not defined here <br />will have the meanings given to them in the Agreement or in the Stripe Agreements (defined below). <br />1. Payment Processing Services <br />1.1 Processor Agreements. As of the effective date of this Addendum, use of the Payment <br />Processing Services is subject to the Stripe Connected Account Agreement, the Stripe Privacy Policy, and <br />other terms and conditions of Stripe, as each may be updated or modified by Stripe from time to time <br />(collectively, the “Stripe Agreements”). Customer may not use any Payment Processing Services until <br />Customer agrees to the Stripe Agreements, and by agreeing to this Addendum, Customer expressly <br />(a) accepts and agrees to the Stripe Agreements, and (b) authorizes BS&A to capture Customer’s <br />electronic or digital acceptance of the Stripe Agreement and provide proof of such acceptance to Stripe <br />as may be requested by Stripe. Customer understands that the Stripe Agreements are solely between <br />Customer and Stripe, and the Payment Processing Services are provided solely by Stripe. BS&A is not a <br />party to the Stripe Agreements, has no control over the Payment Processing Services and the Stripe <br />Agreements, and will have no liability under the Stripe Agreements or in any way relating to the <br />Payment Processing Services. Customer is responsible for checking for applicable updates to the Stripe <br />Agreements from time to time, and any use by Customer of the Payment Processing Services following a <br />change to the Stripe Agreements shall constitute acceptance of such change. <br />1.2 Customer Information and onboarding. Customer will follow the onboarding procedures and <br />policies provided by BS&A and Stripe (as may be amended from time to time), and Customer will <br />provide all requested information. All information provided by Customer to BS&A must be truthful and <br />accurate. Customer acknowledges that Processor has the ultimate decision whether to approve <br />Customer for the Payment Processing Services. <br />1.3 Transaction Processing and Settlement. Transactions are processed by Processor, not BS&A. <br />Stripe (or its partner banks) will settle Transaction proceeds to Customer’s designated bank account in <br />accordance with the Stripe Agreements. Customer acknowledges and agrees that its processed <br />transactions may be deposited into to a pooled account held for the benefit of Customer and other <br />customers of BS&A held at any financial institution so that such funds may be combined and aggregated <br />with other funds that are ultimately settled to Customer by such financial institution. Customer <br />understands and agrees that BS&A does not process, receive, or hold Customer funds at any time and <br />that BS&A is not a bank, money transmitter, or other money services business (as such terms are <br />defined by the Bank Secrecy Act or any state law). To the extent BS&A is deemed to hold or receive <br />funds (constructively or otherwise) of any customer of Customer at any point in time, Customer hereby <br />irrevocably appoints BS&A as its non-fiduciary agent for the limited purpose of collecting, receiving, <br />holding, and settling funds from Customer’s customer (the cardholder) on Customer’s behalf. In such <br />City of Lake Elmo
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