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#11 - Financial Software Purchase
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#11 - Financial Software Purchase
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—2— <br /> <br />event, such funds shall be deemed received by Customer upon receipt by BS&A and shall satisfy the <br />cardholder’s obligation to Customer in connection with the transaction for the goods or services sold by <br />Customer. If BS&A fails to remit such funds to Customer, Customer’s sole recourse for such event is <br />solely against BS&A and not against the cardholder or the cardholder’s financial source. <br />1.4 Data Usage and Sharing. Customer authorizes BS&A to (a) access and receive data relating to <br />Customer’s Stripe Connected Account (as such term is defined in the Stripe Agreements), including <br />transaction and usage data and other data about the Stripe Connected Account; (b) share data regarding <br />the Stripe Connected Account, related activity and other Customer data with Stripe in connection with <br />the Payment Processing Services; and (c) issue instructions to Stripe regarding Transactions and funds <br />processed by Stripe. Customer agrees to complete and submit any additional authorization forms or <br />other such documentation as requested by BS&A or Stripe. <br />2. Payment Terms <br />2.1 Fees. The fees for the Payment Processing Services will be as set forth in Schedule A of this <br />Addendum and will be automatically debited by BS&A via ACH from the depository account designated <br />by Customer that is on file with BS&A (“Customer Account”). Customer hereby authorizes BS&A, <br />Processor, their financial institutions and any of their assignees to collect amounts owed under this <br />Addendum (including, but not limited to, the fees for the Payment Processing Services set forth on <br />Schedule A and any liabilities arising under this Addendum) by debiting funds from the Customer <br />Account (“ACH Debit Authorization”). All payments are non-refundable. If Customer fails to make any <br />payment when due (or any ACH Debit of the Customer Account is returned or rejected for any reason), <br />late charges will accrue as permitted pursuant to Section 7.1 of the Agreement. For clarity, any fees or <br />payment terms that may be posted on Stripe’s website for Stripe’s direct customers are not applicable. <br />All fees are exclusive of any applicable taxes, unless otherwise provided. Customer agrees that all ACH <br />transactions authorized pursuant to this authorization comply with all applicable laws and with the <br />Network Rules (including the Nacha Operating Rules). Notwithstanding anything to the contrary in the <br />Agreement, fees for the Payment Processing Services can be amended upon thirty days notice to <br />Customer. <br />2.2 Disputes. If Customer believes that there is an error in any statement provided by BS&A or any <br />information reported by BS&A regarding a Transaction, or any error made in the amount of a payment <br />or settlement, Customer must notify BS&A within thirty (30) days of Customer’s receipt of the statement <br />or payment containing the error or it will waive such claim. <br />2.3 Tax Reporting. BS&A may send documents to Customer and the Internal Revenue Service (IRS) <br />or other tax authority for Transactions processed using the Payment Processing Services. BS&A may <br />have tax reporting responsibilities in connection with the Payment Processing Services such as an <br />Internal Revenue Service report on Form 1099-K (which reports Customer’s gross transaction amounts <br />each calendar year to the IRS), or state or other taxing authority requirements. Customer acknowledges <br />that BS&A or Stripe (as determined in their sole discretion) will report the total amount of transactions <br />received by Customer in connection with the Payment Processing Services each calendar year as <br />required by the taxing authorities. Customer will cooperate with BS&A and Stripe in providing accurate <br />and complete tax reporting information, including any other information that may be required by the <br />taxing authorities to fulfil tax reporting described herein. Customer represents and warrants that all <br />information that it submits for tax reporting purposes is complete and accurate to the best of its <br />knowledge, and that BS&A and Stripe may rely on all such information submitted by Customer. <br />Customer agrees that neither Stripe nor BS&A will be liable for any penalty or other damages stemming <br />from any 1099-K form that is issued incorrectly if it comports with the information provided by
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