SPUKL Acquirer Terms

These SPUKL Acquirer Terms supplement the Stripe Services Agreement (including the General Terms, the Stripe Financial Services Terms, and the Stripe Payments Terms) (together, the “Agreement”) and are additional terms applicable to the Stripe Payment Services for Visa and Mastercard products for which Stripe Payments UK Ltd ("SPUKL") is a Payment Method Acquirer (“VM Payment Processing Services”). In these SPUKL Acquirer Terms, Visa Inc. ("Visa") and MasterCard Europe SA ("Mastercard") may be referred to individually as a “Network” and collectively as the “Networks”, and the rules issued by a Network are the “Network Rules.” Any terms used but not defined in these SPUKL Acquirer Terms will have the meaning provided in the Agreement.

These SPUKL Acquirer Terms constitute a legal agreement between User and SPUKL which is formed by SPUKL's offer of these terms to User, User’s acceptance of these terms, and SPUKL's subsequent provision of VM Payment Processing Services to User. User understands that Stripe or SPUKL may enforce any provisions of the Agreement that relate to User’s use of the VM Payment Processing Services (and User acknowledges User is directly responsible to SPUKL under the Agreement for any liability to SPUKL caused by User’s breach of the Agreement). SPUKL may also terminate these SPUKL Acquirer Terms at any time, which may limit or terminate User’s ability to use VM Payment Processing Services.

These SPUKL Acquirer Terms incorporate, by reference, the terms of the Agreement, except that in each case “Stripe” will be deemed to be a reference to SPUKL, and the application of the incorporated terms will be limited to SPUKL’s provision of the VM Payment Processing Services under the Agreement.

All other parts of the Services will remain governed by the Agreement between User and Stripe Payments Europe, Ltd.

User must accept all of the terms and conditions of these SPUKL Acquirer Terms to use the VM Payment Processing Services provided by SPUKL. If User does not accept them, User may not use the VM Payment Processing Services under these SPUKL Acquirer Terms.

Card Network Compliance and Disclosure

a. Important Member Disclosures: SPUKL discloses that:

• it is the only entity approved to extend acceptance of Visa and Mastercard products directly to User under these SPUKL Acquirer Terms; • it must be a principal (signer) to these SPUKL Acquirer Terms;

• it is responsible for educating User on the Network Rules with which User must comply, but this information may be provided to User by Stripe;

• subject to Section 3 of these SPUKL Acquirer Terms, with respect to Transactions processed through the VM Payment Processing Services, it is responsible for and must provide settlement funds to User (for further information, see Section 3); and

• with respect to Transactions processed through the VM Payment Processing Services, it is responsible for all funds held in reserve that are derived from Settlement funds prior to funding User.

b. User’s Responsibilities: In addition to any other responsibilities set out in these SPUKL Acquirer Terms, User agrees that, at all times throughout the term of these SPUKL Acquirer Terms, User will:

• comply with the PCI Standards in using and maintaining Payment Method Account Details;

• maintain fraud and Dispute rates acceptable under the Network Rules;

• review and understand the terms of these SPUKL Acquirer Terms; and

• comply with the Network Rules and Laws.