Payment Terms

By using Zeedle, Inc. (“Zeedle,” “we,” “our,” or “us”), you agree to be bound by the General Terms of Service (“General Terms”), these additional terms and conditions (“Payment Terms”) and all other terms, policies and guidelines applicable to the Services (as defined in the General Terms) used. If you are using the Payment Services on behalf of a business, that business accepts these terms. Payment Services may only be used for business purposes in the fifty states of the United States of America and the District of Columbia. Defined terms will have the same meaning as those found in the General Terms, unless otherwise re-defined herein.

Payment Services

    1. Our Role

      Zeedle uses third party services to perform transactions. Your rights are subject to the terms set forth by these service providers (PayPal, Authorize.net, etc). At this time, no transaction processing or bank account information is stored on our system.

    2. Our Fees

      You agree to pay the applicable fees for use of Zeedle Services. All Fees are charged at the time we process a transaction and are deducted on a reoccurring monthly cycle through automated detection of your account standing. Subject to the General Terms and these Payment Terms, we reserve the right to change our Fees upon thirty (30) days’ advance notice. You must agree to the change in Fees to continue to use the Payment Services. All Balances and all Fees, charges, and payments collected or paid through the Payment Services are denominated in US dollars.

    3. Processing Errors

      We will attempt to fix processing errors we discover. If the error resulted in your receipt of a different account type than you were entitled, we will credit your Zeedle Account for the difference. If the error results in your receipt of more funds than you were entitled, Zeedle will debit the extra funds from your linked bank account. We will only correct transactions that you process incorrectly if you notify us of such an error. Your failure to notify us of a processing error within thirty (30) days of when it first appears on your electronic transaction history will be deemed a waiver of any right to amounts owed to you.

Payment Account Setup

    1. Underwriting and Identity Verification

      Zeedle will review the information you submit while signing up. You authorize Zeedle to request identity verifying information about you, including a consumer report that contains your name and address. Zeedle may periodically obtain additional reports to determine whether you continue to meet the requirements for a Zeedle Account. You permit Zeedle to share information about you and your application (including whether you are approved or declined), and your Zeedle Account as specified in the Privacy Policy. Zeedle or its processor and/or acquiring bank may conclude that you will not be permitted to use Zeedle Services.

    2. Requests for Additional Information and Inspection

      Zeedle may request additional information from you at any time. For example, Zeedle may ask you to present proof of your real estate license, a government issued identification such as a passport or driver’s license, a business license, or other information. If you refuse any of these requests, your Zeedle Account may be suspended or terminated.

    3. Dormant Zeedle Accounts

      If you do not use your Zeedle Account for an extended period of time or have not linked a valid bank account, you may have a Balance that is deemed “unclaimed” or “abandoned” under your state’s law. If this occurs, Zeedle will provide you with notice as required by applicable law.

    4. Applicable Network Rules

      By using Zeedle Services, you agree to comply with all applicable bylaws, rules, and regulations set forth by the Networks (“Network Rules”). The Networks amend their rules and regulations from time to time. Zeedle may be required to change these terms in connection with amendments to the Network Rules. In the event of inconsistency between a Network Rule and these Payment Terms, and except as otherwise agreed between Zeedle and the Network, the Network Rule shall apply.

    5. Taxes

      You are responsible for determining any and all taxes assessed, incurred, or required to be collected, paid, or withheld for any reason for your use of the Payment Services (“Taxes”). You also are solely responsible for collecting, withholding, reporting, and remitting correct Taxes to the appropriate tax authority. We are not obligated to, nor will we determine whether Taxes apply, or calculate, collect, report, or remit any Taxes to any tax authority arising from any transaction. Zeedle specifically disclaims any liability for Taxes. If in a given calendar year you process (i) more than $20,000 in gross amount of payments and (ii) more than 200 payments, Zeedle will be required by law to report information about you and your use of the Payment Services to the Internal Revenue Service (“IRS”). For purposes of determining whether you have met the IRS reporting threshold, the gross amount does not include any adjustments for credits, cash equivalents, discount amounts, fees, refunded amounts or any other amounts. Whether you reach $20,000 in payments or more than 200 payments will be determined by looking at the taxpayer identification number (“TIN”) associated with your Zeedle Account, including the applicable social security number (“SSN”) or entity identification number (“EIN”).

    6. Network Logos and Marks

      Your use of Network logos and marks (“Marks”) is governed by the Network Rules; you must familiarize yourself with and comply with these requirements. The Networks are the sole and exclusive owners of their respective Marks. You will not contest the ownership of the Marks, and any Network may prohibit you from using its Marks for any reason and at any time. Zeedle may require you to make modifications to your Website or other advertising and signage in order to comply with Network Rules related to the Marks.

    7. Failure to Comply with Network Rules or Security Standards

      Notwithstanding Section 34 of these terms or Section 15 of the General Terms, you understand that your failure to comply with the Network Rules or the PCI-DSS security standards, including the compromise of any Card information, may result in fines or other losses to Zeedle. You will indemnify us and reimburse us immediately for any fines or losses directly or indirectly caused by your and your agents’ actions.

    8. Receipts for 501(c)(3) Organizations

      If you operate a 501(c)(3) organization, you may offer Zeedle electronic receipts to your donors as a convenience, by completing the required fields in the “Account” section of our website. You acknowledge that not all payments made to your organization may be eligible for classification as “tax deductible to the extent allowed by law,” and you assume full responsibility for the classification of your transactions. Zeedle specifically disclaims any liability in this regard.

    9. Refunds and Returns

      Once you have created your Zeedle account, a monthly rate will be billed. You agree to pay that amount and no refund or return will be accepted for that term of service without approval of Zeedle customer support. The amount of the refund/adjustment must include any associated taxes required to be refunded and cannot exceed the amount shown as the total on the original sales data except by the exact amount required to reimburse for postage that the customer paid to return merchandise.

    10. Additional Indemnity

      You will indemnify, defend, and hold us and our processors (and our respective employees, directors, agents, affiliates and representatives) harmless from and against any and all claims, costs, losses, damages, judgments, Tax assessments, penalties, interest, and expenses (including reasonable attorneys’ fees) arising out of any claim, action, audit, investigation, inquiry, or other proceeding instituted by a person or entity that arises out of or relates to any transaction submitted by you through the Payment Services (including the accuracy of any content or product, service, or transaction information that you provide or any claim or dispute arising out of products or services offered or sold by you).

    11. Additional Representations, Warranties, and Covenants

      With each transaction you submit through Zeedle, you represent, warrant and covenant to us that: (a) the Card transaction represents a bona fide sale; (b) the Card transaction accurately describes the goods and/or services provided to the customer; (c) you will fulfill all of your obligations to the customer and will resolve any dispute or complaint directly with the customer; (d) you and the transaction comply with all federal, state, and local laws, rules, and regulations applicable to you and your business, including any applicable tax, wage and hour, and tip laws and regulations; (e) except in the ordinary course of business, you are not submitting a transaction that represents a sale to any principal, partner, proprietor, or owner of your entity.

Termination of Payment Services

  1. Termination of Payment Services

    Zeedle may Terminate your use of Services at any time for any reason. Any termination of these terms does not relieve you of obligations to pay Fees or costs accrued prior to the termination, Chargebacks, and any other amounts owed to us as provided in these Payment Terms or the Terms of Service. If your access to Services has been terminated, you may still be permitted to use Zeedle’s other products, subject to our discretion.

  2. Payment Services Upon Closure of Your Zeedle Account

    Closure of your Zeedle Account will cancel any pending transactions. If an investigation is pending at the time you close your Zeedle Account, we may hold your account as described herein.