Payment Processing Agreement
Effective Date: [Insert Date]
This Payment Processing Agreement ("Agreement") is entered into by and between Harvv Inc. ("Platform"), and [Merchant's Name] ("Merchant").
1. Processing ServicesIn addition to its core services offering, Harvv offers embedded payments processing services, which includes credit card, debit card, ACH, and other payment processing services, as may be offered from time-to-time (collectively the "Processing Services").
2. Fees and TaxesRelated to the Processing Services, Harvv will charge Merchant according to the fees listed below ("Processing Fees"). All Processing Fees payable under this Agreement are exclusive of taxes.
| Processing Fees | Rate/ Fee |
|---|---|
| Card Transaction Volume Fee | 3.00% |
| ACH Transaction Volume Fee | 0.50% up to $5 per Transaction |
| Card and ACH Per Item Transaction Fee | 0% |
| Card and ACH Refund Per Item Fee | $15.00 |
| Charge-back, ACH Return, and Dispute Fee | $25.00 |
| Account Updater (Per Card Updated) | $1.00 |
If the Merchant has an alternative pricing agreement with Harvv, please refer to this agreement for official pricing.
Fair Use Policy: Harvv may increase the Card Transaction Volume Fee or Transaction Per Item Fee if Merchant's (a) American Express credit card payment dollar volume exceeds twenty percent (20%); (b) corporate credit card payment volume exceeds ten percent (10%) of total monthly credit card payments; or (c) credit card payments for transaction amounts greater than one thousand dollars ($1,000.00) exceeds three percent (3%) of total monthly credit card payments. Such increases shall become effective only after Harvv has provided Merchant written notice setting forth the changes.
3. Processing Terms and ConditionsBy using the Processing Services, Merchant agrees to the Processing Terms and Conditions available at https://legal.rainforestpay.com/processingterms, which may be amended at any time on notice.
4. TermThe term of this Payment Processing Agreement begins on the Effective Date and continues until terminated by either party.
5. Acceptance of TermsBy proceeding with the onboarding process and selecting the checkbox to indicate agreement, Merchant agrees to the terms of this Payment Processing Agreement. The checkbox for agreement and the link to this Agreement will be provided through the onboarding component.
