Most common causes for downgrades to Mid-Qualified are accepting Rewards cards. Most common causes for downgrades to Non-Qualified are accepting Manual Entry, Sale Amount (AMEX Opt-Blue), Business, Corporate, Commercial cards, or not settling within 24 hours.The following fees will be passed through at Association’s rate: Assessments, MasterCard Network Access Brand Usage Fee, Visa Network Acquirer Processing Fee, Visa International Acquirer Fee (including High Risk), Discover Data Usage Fee, MasterCard AVS Card Present Fee, MasterCard Account Status Fee, MasterCard AVS Card Not Present Fee, MasterCard Processing Integrity, Visa Debit Transaction Integrity, Visa Fixed Acquirer Network Fee, Discover Network Authorization Fee, MasterCard CVC2 Transaction Fee, All Other Applicable Association Fees. The following fees will also be assessed at Central Payment rates: the MC (MasterCard) Per Location Fee, and the Total System Services Network fee (TSSNF).
A PCI Annual Compliance Fee of $95 will be assessed to the merchant account. If Compliance requirements are not met within the first 2 months of the Agreement, a $23.95 Monthly Non-Compliance fee will be charged to the merchant account, which includes automatic required enrollment to the Card Compromise Assistance Plan, until Compliance is achieved. After compliance is achieved, the Card Compromise Assistance Plan Monthly Fee of $7.95 is optional.
Annual PCI Compliance Fee is billed on the January billing statement of each calendar year. Merchants who have signed up less than 60 days from this date are exempt from the said fee for the year.
Merchant may cancel anytime with no early termination penalty. 30 days advance written notice required.
Paragraph references and capitalized terms not defined in this paragraph are defined in the TERMS & CONDITIONS (@ www.cpay.com/conditions).
MERCHANT has indicated which services it is requesting. MERCHANT agrees that BANK and Central Payment (“CPAY”) are not a party to any agreement for services from the following companies: American Express (See AMEX T&C @www.cpay.com/amexterms), Discover Network, Diners Club,SPS-EFT, PayHub, PayTrace and/or SpotOn, Inc. and that any such agreements are strictly between MERCHANT and each individual company. MERCHANT must be approved by each company and each company may send its agreement to the address of MERCHANT indicated herein upon such approval. MERCHANT agrees to be bound by such company’s agreement. DISCOVER: By signing below, Merchant, CPAY and TSYS Merchant Solutions, LLC (“TMS”) agree to the terms of the TMS Discover Agreement and separately to the TMS American Express Agreement. TMS is not a party to the Merchant Transaction Processing Agreement.
CONTINUING PERSONAL GUARANTY PROVISION - PERSONAL GUARANTOR(S):
THIS general, absolute, and unconditional continuing Guaranty (“GUARANTY”) by the undersigned (collectively “GUARANTOR“ or “my” or “I” or “me”), is for the benefit of Central Payment Co., LLC/ or First National Bank of Omaha (“Collectively Guaranteed Parties”). For value received, and in consideration of the mutual undertakings contained in the Merchant Transaction Processing Agreement and allied agreements (“AGREEMENT”) between Guaranteed Parties and (“MERCHANT”) as set forth below, I absolutely and unconditionally guarantee the full performance of all MERCHANT’s obligations to Guaranteed Parties, together with all costs, expenses, and attorneys’ fees incurred by Guaranteed Parties in connection with any actions, inactions, or defaults of MERCHANT. I waive any right to require Guaranteed Parties to proceed against other entities or MERCHANT. There are no conditions attached to the enforcement of this GUARANTY. I authorize Guaranteed Parties, its agents or assigns to make from time to time any personal credit or other inquiries and agree to provide, at Guaranteed Parties’s request, financial statements and/or tax returns. I agree that this GUARANTY shall be governed and construed in accordance with the laws of the state of Nebraska, and that the courts of the state of Nebraska shall have and be vested with personal jurisdiction over me. This is a continuing GUARANTY and shall remain in effect until one hundred eighty (180) days after receipt by Guaranteed Parties of written notice by me terminating or modifying the same. The termination of the AGREEMENT or GUARANTY shall not release me from liability with respect to any obligations incurred before the effective date of termination. No termination of this GUARANTY shall be effected by any change in my legal status or any change in the relationship between MERCHANT and me. This GUARANTY shall bind and inure to the benefit of the personal representatives, heirs, administrators, successors and assigns of GUARANTOR and Guaranteed Parties.