This HUMBL Mobile Pay Merchant Agreement (“Agreement”) sets forth your rights and responsibilities when you use the Services. The Agreement is a legally binding contract between you and HUMBL. Please read it carefully.
Mobile Pay allows merchants (“Merchants,” “you” or “your”) to access the HUMBL Merchant Services Cloud and accept payment through third party payment processor(s) via authorized credit and debit card transactions. Those funds are then deposited into the Merchant’s designated bank account.
Payment processing services for Merchants onboarded through the HUMBL Merchant Services Cloud on the Platform are provided by Stripe, Inc. (“Stripe”) and are subject to the Stripe Connected Account Agreement, which includes the Stripe Terms of Service (collectively, the “Stripe Services Agreement”). By agreeing to this Agreement and through your use of the Platform, you agree to be bound by the Stripe Services Agreement, as the same may be modified by Stripe from time to time. As a condition of the Platform enabling payment processing services through Stripe, you agree to provide us with accurate and complete information about you and your business, and you authorize us to share information with third-party providers including Stripe in connection with payment processing services provided by Stripe.
The Platform is only available to Merchants and Users who are at least 18 years old who register and are approved for a payment account with HUMBL.
As a security measure, we may impose transaction limits on Merchants and Users. For example, we may impose limits relating to the value of any transaction, deposit, or adjustment, or limits relating to the cumulative value of all transactions, deposits, or adjustments during a period of time. We may also impose limits related to the number of transactions per day or other periods of time. We will not be liable to a Merchant: (a) if we do not proceed with a transaction, deposit, or adjustment that would exceed any limit established by us, or (b) if we permit a User to withdraw from a transaction.
Merchant Services Cloud accounts are only available to individuals who are eligible to be Merchants on the Platform and who have a valid credit or debit card on file with Stripe.
In the event that a User submits a chargeback, HUMBL will respond to the credit card networks on behalf of the Merchant involved in the transaction; the Merchant agrees to provide any requested information to us within five calendar days of our inquiry. HUMBL reserves the right to recoup funds and fees associated with User chargebacks from the Merchant.
The Platform provides a streamlined payment processing solution. We do the heavy lifting and aggregate the following services into a simple fee structure so you can focus on your customers.
We may update our fees at any time, and we will provide you with at least 5 days’ notice of any such fee changes. All fees are listed exclusive of any taxes or other government assessments that may apply. See the Section 6 below for further details.
Example of Fee Calculations and Payout Amounts
You are responsible for collecting and paying any taxes associated with using and making sales through HUMBL’s Services. HUMBL is not responsible for determining whether any taxes apply to your transaction, or for calculating, collecting, reporting or remitting taxes arising from any transaction.
Internal Revenue Service regulations may require that we file a Form 1099-K to report unadjusted annual gross sales information for Merchants located in the United States or being paid in USD in certain circumstances. We may ask you to provide taxpayer-identification information to HUMBL.
You may terminate this contract and your acceptance of the Platform at any time by adjusting the Settings in your Merchant account with HUMBL. HUMBL may also terminate or suspend your use of the Platform at any time.
If you have any questions or concerns regarding these Terms or otherwise would like to contact HUMBL, please send HUMBL Customer Support an email at firstname.lastname@example.org.
Last updated: April 16, 2021