Terms and Conditions

Terms and Conditions

These terms and conditions ("Agreement") are entered into by and between afmstop(afmplacetechnologies), ("Provider"), and the user ("Merchant") who registers and uses the payment solution provided by the Provider.

Definitions

  1. "Merchant" refers to the person or entity that has registered with the Provider to use its payment solution.
  2. "Payment Solution" refers to the software and/or services provided by the Provider to facilitate payment transactions.
  3. "Transaction" refers to the transfer of funds between the Merchant and the customer.

Use of Payment Solution

  1. The Merchant agrees to use the Payment Solution in accordance with this Agreement and any applicable laws and regulations.
  2. The Merchant agrees to provide accurate and complete information when registering for the Payment Solution and to update the information as necessary.
  3. The Merchant is responsible for maintaining the confidentiality of their login credentials and for all activities that occur under their account.

Fees and Payment

  1. The Provider will charge the Merchant fees for the use of the Payment Solution, as set forth in the Provider's pricing schedule.
  2. The Merchant agrees to pay all fees and charges associated with the use of the Payment Solution, including any applicable taxes.
  3. The Provider may suspend or terminate the Merchant's use of the Payment Solution for non-payment of fees.

Transaction Processing

  1. The Provider will process transactions on behalf of the Merchant and will transfer the funds to the Merchant's designated bank account, less any fees and charges.
  2. The Provider will use commercially reasonable efforts to process transactions promptly, but does not guarantee that all transactions will be processed or that funds will be transferred on a specific schedule.
  3. The Merchant is responsible for verifying the accuracy of all transaction information and for resolving any disputes with customers.

Intellectual Property

  1. The Provider retains all rights, title, and interest in and to the Payment Solution and any related intellectual property.
  2. The Merchant may use the Payment Solution only as expressly authorized by the Provider and may not modify, reproduce, distribute, or create derivative works based on the Payment Solution.

Indemnification

  1. The Merchant agrees to indemnify and hold harmless the Provider, its affiliates, and their respective officers, directors, employees, and agents from any claims, damages, or expenses arising from the Merchant's use of the Payment Solution or any violation of this Agreement.

Limitation of Liability

  1. The Provider will not be liable for any indirect, incidental, consequential, special, or punitive damages arising out of or relating to this Agreement, even if the Provider has been advised of the possibility of such damages.
  2. The Provider's total liability under this Agreement will be limited to the fees paid by the Merchant to the Provider during the twelve (12) month period immediately preceding the event giving rise to the claim.

Term and Termination

  1. This Agreement will remain in effect until terminated by either party.
  2. The Provider may terminate this Agreement immediately if the Merchant breaches any provision of this Agreement or engages in any fraudulent or illegal activity.
  3. Upon termination, the Merchant will immediately cease using the Payment Solution and any related intellectual property.

General

  1. This Agreement constitutes the entire agreement between the parties and supersedes all prior or contemporaneous negotiations, discussions, or agreements, whether written or oral, between the parties regarding the subject matter of this Agreement.
  2. This Agreement will be governed by and construed in accordance with the laws of the country, without giving effect to its conflict of laws provisions.
  3. Any dispute arising out of or relating to this Agreement will be resolved exclusively in the country and the parties consent to personal jurisdiction in those courts.
  4. If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions will remain in full force and effect.
  5. The parties may not assign this Agreement without the prior written consent of the other party.
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