VSURVE | Acceptable Use Policy

VSURVE PAYMENTS ACCEPTABLE USE POLICY

By applying for, accessing or using the ACH and other money movement services provided by V3iT Consulting, Inc. (“V3iT”), which include payroll processing, payroll tax payments, and the direct deposit service for employee, contractor and vendor payments, as incorporated as features of products and services offered by V3iT and/or its subsidiaries and affiliates (collectively “Services”), you agree to be bound by this Acceptable Use Policy (“AUP”) and any additional terms, conditions, rules or policies that are provided to you in connection with the Services

By applying for, accessing or using the card, ACH and other payment processing Services provided, you also agree to be bound by the AUP as expanded by V3iT as indicated herein, and any additional terms, conditions, rules or policies that are provided to you in connection with those Services.

This AUP is subject to change at any time without notice, and the changes will be effective when posted. Your continued use of the Services indicates your acceptance and agreement to the AUP changes

1. Purpose. The purpose of this AUP is to (i) comply with relevant laws, sponsor bank requirements, and card or payment association (e.g. VISA, MasterCard, American Express, NACHA) rules and policies, (ii) specify to you what merchants, activities/business types and transactions are considered prohibited use of the Services, (iii) to protect the integrity of our payment network, and (iv) to specify the consequences that may flow from violating these AUP requirements.

2. Prohibited Users. In addition to any eligibility requirements in the terms of the services, if any of the following apply to you, you are ineligible (or may become ineligible) to use our Services:

Your use of Services may cause us not to be compliant with relevant laws, sponsor bank requirements, and card or payment association (e.g. VISA, MasterCard, American Express, NACHA) rules and policies;
You transact in currency other than U.S. currency (for clarity, currency options that IPS, in its discretion, might make available to payees do not constitute transacting in another currency, and settlements to you for transactions featuring any such payee currency options will be in U.S. currency); or
You are operating in a jurisdiction or identified as a sponsor of international terrorism, listed on any relevant sanctions list including but not limited to the U.S. Department of State’s Terrorist Exclusion List, Office of Foreign Assets Control’s Specially Designated Nationals and Blocked Persons List, or any list produced by the U.S. Department of Treasury.

3. Prohibited Activities and Business Types. If you fall into one of the following categories and/or accept payment for the following prohibited activities, you are ineligible (or may become ineligible) to use our Services. For clarity, the following lists are not exhaustive and we may, at our sole discretion, modify them without notice:

a. IPI – Inclusive of Payroll and Employee and Contractor Direct Deposit

b. IPS – Inclusive of Merchant Payment Processing

4. Prohibited Transactions. In addition to the prohibited payment processing or other money movement transactions or practices listed in the terms of the Services You further agree not to use the Services in connection with any of the following prohibited transactions or practices:

Processing a transaction for the purpose of adding funds to an account (i.e. account funding transactions or factoring);
Allowing international customers to pay in their home currency unless IPS, in its discretion, enables payees to select their home currency. Settlements to you for transactions featuring any such payee currency options will be in U.S. currency);
Processing transactions for another business other than the one whose information has been underwritten
Processing a transaction for the purchase of scrip or substitute money; and
Processing a transaction using the Apple Pay option as a non-profit or charitable user or for the purpose of accepting donations of any kind.

5. Compliance Monitoring; Violations of this Policy. We will monitor your transactions and activities for potential violations of this AUP. Monitoring includes, but is not limited to, reviewing your accounts for retrievals, returns, or Chargebacks, as well as using third-party information or sources. We encourage you to contact us if you believe you may be in violation of this AUP. We reserve the right, per the terms of the Services to take any corrective action (with or without notice to you) as we deem necessary to mitigate our risk or ensure compliance with this AUP, including but not limited to: (i) blocking a transaction; (ii) holding funds associated with a prohibited transaction; (iii) suspending, restricting, or terminating your use of the Services or (iv) subjecting you to applicable fines, assessment, expenses and fees.

Last Updated: December 8, 2021