Peoples Trust Financial Services Terms

Peoples Trust Financial Services Terms

Last updated: November 18, 2025

This Peoples Trust Services Addendum ("Peoples Trust Addendum") supplements the Stripe Services Agreement (including the General Terms, the Stripe Financial Services Terms, and the Stripe Payments Terms) (together, the "Agreement") and provides additional terms applicable to the Stripe Payments Services. Any terms used but not defined in this Peoples Trust Addendum will have the meaning provided in the Agreement.

This Peoples Trust Addendum constitutes a legal agreement between User, Stripe, and Peoples Trust Company ("Peoples Trust"). In order to use the Stripe Payments Services provided through User’s Agreement with Stripe, User understands that Stripe or Peoples Trust may enforce any provisions of the Agreement that relate to User’s use of Stripe Payments Services provided in conjunction with Peoples Trust. Stripe or Peoples Trust may also terminate this Peoples Trust Addendum at any time, which may limit or terminate User’s ability to use Stripe Payments Services.

User must accept all of the terms and conditions of this Peoples Trust Addendum in order to use the Stripe Payments Services provided by Stripe. If User does not accept them, then User may not use the Stripe Payments Services under this Peoples Trust Addendum.

1. Purpose of this Addendum

When User’s customer pays User through Stripe, they have the option of paying User through a funding source offered on the Stripe website including a credit or debit card funded payment. Since User may be the recipient of a credit or debit card funded payment, Visa U.S.A., Inc. and Visa International ("Visa") and MasterCard International Incorporated ("MasterCard") (collectively, the "Networks") require that User enter into a direct contractual relationship with a bank that is a member of the Networks. However, by using Stripe Payments Services, User is not establishing a depository or other account with Peoples Trust.

Peoples Trust is not responsible for the provision of any Stripe Payments Services by Stripe or User’s use of the Stripe Payments Services for User’s business. Peoples Trust is also not responsible for providing customer service to User to resolve any issues User may have related to User’s use of the Stripe Payments Services; however User may contact Peoples Trust at the address set forth in Section 13 of this Peoples Trust Addendum, in the event that User is unable to resolve any complaints directly with Stripe. User is solely responsible for providing support to User’s Customers for all issues related to User’s products and services.

2. Compliance with Network Rules

Where User uses the Stripe Payments Services to accept charges from payment cards, User will comply with the Card Network Rules and limitations on use identified in Agreement, including the Card Network Rules applicable to acceptance of MasterCard and Visa branded payment cards. These include guidelines, monitoring programs, and activity reporting (including excessive credits, Disputes, or deposit). Under the Card Network Rules, certain activity may subject User to Disputes, fees, fines, settlement delays, withholdings, audits of User’s processing activity, or termination of this Peoples Trust Addendum.

Without limiting the foregoing, User specifically agrees to:

a. Only submit Transactions authorized by the cardholder;

b. Only accept payment for the sale of products or services, and receipt of bona fide donations, conducted by User pursuant to User’s business as indicated on User’s application and not for any Prohibited or Restricted Business;