These STEL Acquirer Terms are additional terms applicable to the Stripe Payment Services for Visa and Mastercard products for which Stripe Technology Europe, Ltd. ("STEL") is a Payment Method Acquirer (“VM Payment Processing Services”). In these STEL 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 STEL Acquirer Terms will have the meaning provided in the Stripe Services Agreement ("Agreement").
These STEL Acquirer Terms constitute a legal agreement between you and STEL which is formed by STEL's offer of these terms to you, your acceptance of these terms, and STEL's subsequent provision of VM Payment Processing Services to you. You understand that Stripe or STEL may enforce any provisions of the Agreement that relate to your use of the VM Payment Processing Services (and you acknowledge you are directly responsible to STEL under the Agreement for any liability to STEL caused by your breach of the Agreement). STEL may also terminate these STEL Acquirer Terms at any time, which may limit or terminate your ability to use VM Payment Processing Services.
These STEL Acquirer Terms incorporate, by reference, the terms of the Agreement, except that in each case “Stripe” will be deemed to be a reference to STEL, and the application of the incorporated terms will be limited to STEL’s provision of the VM Payment Processing Services under the Agreement.
All other parts of the Services will remain governed by the Agreement between you and Stripe Payments Europe, Ltd.
You must accept all of the terms and conditions of these STEL Acquirer Terms to use the VM Payment Processing Services provided by STEL. If you do not accept them, you may not use the VM Payment Processing Services under these STEL Acquirer Terms.
Card Network Compliance and Disclosure
a. Important Member Disclosures: STEL discloses that:
• it is the only entity approved to extend acceptance of Visa and Mastercard products directly to you under these STEL Acquirer Terms;
• it must be a principal (signer) to these STEL Acquirer Terms;
• it is responsible for educating you the Network Rules with which you must comply, but this information may be provided to you by Stripe;
• subject to Section 3 of these STEL Acquirer Terms, with respect to Transactions processed through the VM Payment Processing Services, it is responsible for and must provide settlement funds to you (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 you.
b. Your Responsibilities: In addition to any other responsibilities set out in these STEL Acquirer Terms, you agree that, at all times throughout the term of these STEL Acquirer Terms, you will:
• comply with the PCI Standards in using and maintaining Payment Account Details;
• maintain fraud and Dispute rates acceptable under the Network Rules;
• review and understand the terms of these STEL Acquirer Terms; and
• comply with the Network Rules and Laws.
You may contact STEL by using the Contact us section of our website or sending mail to Stripe Technology Europe, Ltd., The One Building, Grand Canal Street Lower, Dublin 2, Ireland.