Stripe Climate Contribution Terms

Last updated: July 19, 2021

These Stripe Climate Contribution Terms (“Contribution Terms”) represent a legal agreement between Stripe, Inc. (“Stripe”, “we” “our” or “us”) and you, a contributor to the Stripe Climate Fund (defined below) (“you”). By contributing to the Stripe Climate Fund, you agree to be bound by these Contribution Terms.

1. Information You Provide to Us

You may give us information about yourself when you make a contribution. Our Privacy Policy explains our practices with respect to that information. Please be aware that your data may be transferred, processed and stored outside of your country (including, if you are located in the European Union, outside of the European Union), and that your data may be subject to disclosure to process your contribution or as required by applicable law.

We may need to send you email and text messages to, for example, verify your identity or provide important information to you. You authorize us to send those messages when you make a contribution and provide your contact details. Standard text or data charges may apply to text messages. Where offered, you may disable text message notifications by responding to any message with “STOP”, or by following instructions provided in the message.

2. Stripe Climate Funds

Stripe Climate is a Stripe initiative to partner with its users and you to combat climate change. Stripe collects contributions from you, its users, and partners into a joint fund that is used to make an impact in the carbon removal field (“Stripe Climate Fund”). Stripe is not, and the Stripe Climate Fund is not offered by, a charity or 501(c)(3) entity. Therefore, your contributions will not be considered charitable donations.

You choose how much and how often you would like to contribute to the Stripe Climate Fund. Once you contribute funds, those funds belong to Stripe and contributions are not refundable. Stripe will use its best efforts to allocate all of your contributions to advance the carbon removal field, through activities like purchasing metric tons of carbon removal or funding research and development for new carbon removal technologies. Part of your contribution will be used to cover fees charged by a Payment Method (defined in Section 3 below) to Stripe. Stripe will not otherwise use Stripe Climate funds to pay for its own corporate or administrative costs.

As the goal of Stripe Climate is to help advance the field of carbon removal, many projects and companies funded will be in their early stages and their survival and success in addressing climate issues is not guaranteed. While all Stripe Climate funds will be spent to advance the carbon removal field, the development timelines of many new technologies are long, the resulting impact may not be immediate, and there is always a risk of non-delivery by (and non-recovery of paid funds from) the companies from which Stripe purchases carbon removal. Even if projects are successful in obtaining results, projects may take years to produce those results.

Your contributions might not be spent immediately after being received by Stripe because we may need to identify and choose a project to contribute to. Stripe will use reasonable efforts to fund impactful projects, however, because many of the projects in this field are still in early stages, carbon removal services purchased by Stripe may not officially qualify as carbon credits.

3. Payment Authorization

To contribute to the Stripe Climate Fund, you must provide information regarding your credit card, bank account, or other payment method (“Payment Method”) to us. You represent and warrant to Stripe that you are authorized to use that Payment Method, and you authorize Stripe to charge that Payment Method.