Merchant terms
The terms under which Cleared-pay provides payment services to merchants.
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Placeholder — not reviewed legal wording. TODO(compliance)
This page shows the section structure of the final document. Every section is filled in by a qualified adviser before launch. Nothing on this page states a commitment, a licence or a certification, and nothing on it should be relied on.
Definitions
TODO(compliance): reviewed text for “Definitions”.
Services
TODO(compliance): reviewed text for “Services”.
Onboarding and eligibility
TODO(compliance): reviewed text for “Onboarding and eligibility”.
The merchant's obligations
TODO(compliance): reviewed text for “The merchant's obligations” — scheme rules, descriptor accuracy, disclosure of business changes.
Fees and settlement
TODO(compliance): reviewed text for “Fees and settlement”.
Reserves and security
TODO(compliance): reviewed text for “Reserves and security”.
Chargebacks and refunds
TODO(compliance): reviewed text for “Chargebacks and refunds”.
Prohibited use
TODO(compliance): reviewed text for “Prohibited use”.
Data protection
TODO(compliance): reviewed text for “Data protection” — the roles of the parties and the data processing agreement.
Confidentiality
TODO(compliance): reviewed text for “Confidentiality”.
Liability
TODO(compliance): reviewed text for “Liability”.
Suspension
TODO(compliance): reviewed text for “Suspension” — the grounds, the notice given and the effect on settlement.
Term and termination
TODO(compliance): reviewed text for “Term and termination”.
Changes to these terms
TODO(compliance): reviewed text for “Changes to these terms” — the notice period and the merchant's options.
Complaints
TODO(compliance): reviewed text for “Complaints”. The procedure is published separately at /legal/complaints.
Governing law
TODO(compliance): reviewed text for “Governing law”.