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Terms and Conditions Merchant Stimulus

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Terms and Conditions

The following is the promotion under which Quantum Electronic Payments LLC (Quantum) provides to you, our valued Merchants. Quantum will not accept and hereby object any additional or different term, modification or waiver of any provision of offered promotion unless in writing and signed by Quantum. Quantum’s performance is expressly conditioned on Merchants’ acceptance of these terms and conditions and Merchants agree to be bound hereby.

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Merchant Stimulus Plan Promotion

Quantum may, at its own sole and absolute discretion, offer Merchant one (1) year promotional rates from the date Merchant Account is approved for Visa/MasterCard/Discover transactions when Merchant signs the standard three (3) years term Merchant Processing Agreement. Merchant Account must be Activated within sixty (60) days of the approval to qualify for this promotional rate. Merchant is still responsible for Interchange Cost, Chargebacks, Retrieval Fee, ACH Reject Fee, Gateway Fee, third-party vendors fee or any applicable fee determined at Quantum’s sole discretion. Merchant Stimulus Program Promotion will apply on the condition that: (i) only new Active or Activated Card Not Present and/or Card Present Merchant Account, (ii) in Qplus Program, and (iii) exclusively for Business-to-Consumer (B2C) commerce transaction and (iv) the Maximum Average Ticket is Five Hundred Dollars ($500.00) determined at Quantum’s sole discretion. Merchant acknowledges, understands and voluntarily agrees that after one (1) year promotional rates of Discount Fee and Transaction Fee, the rates will increase, at the lowest, by one-tenth percent (0.10%) Discount Fee plus five hundredths dollars ($0.05) Transaction Fee for all card types. Merchant acknowledges and voluntarily agrees that Quantum reserves the right to modify/change the rates of Discount Fee and Transactional Fee at any time for any reason, even during one (1) year promotional rates. Merchant agrees that Merchant may be obligated to repay one (1) year promotion rates of Discount Fee and Transactional Fee if Merchant Account is terminated or cancelled, either by Quantum or Merchant, in accordance with the Merchant Processing Agreement, or within the initial term of three (3) years dictated by the Merchant Processing Agreement. The Merchant Stimulus Program Promotion cannot be coupled with any other promotions, unless stated otherwise and agreed upon by the sole discretion of Quantum. The Merchant Stimulus Program Promotion shall not exclude the Early Termination Fee, processing fee and any damages in accordance with Merchant Processing Agreement. *Activated or Active Merchant Account is defined as Merchant Account that is processing consistently with normal course of business activities. Merchant may be obligated to repay First Month Free if Merchant Account is terminated or cancelled, either by Quantum or the Client, in accordance with the Merchant Processing Agreement, and within the initial term dictated by the Merchant Processing Agreement. The First Month Free cannot be coupled with any other promotions, unless stated otherwise and agreed upon by the sole discretion of Quantum. The First Month Free shall not exclude for any damages in accordance with Merchant Progressing Agreement.

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TERMS AND CONDITIONS

Qplus Program refers to passthrough Interchange plus pricing and any program as defined by Program set forth in Quantum Merchant Progressing Agreement. The above listed promotion is provided at the sole and absolute discretion of Quantum Electronic Payments LLC and subject to be changed, modified AT ANY TIME, prospectively or retroactively, without notice or obligation for any reason. Please confirm the availability of listed promotions with us or our authorized Agent, and under no circumstances shall Quantum Electronic Payments LLC or its affiliates be liable for any damages resulting from the provided information. The $250.00 Activation Bonus shall not be coupled with any other promotions, unless stated otherwise and agreed upon by the sole discretion of Quantum. Merchant may be obligated to repay First Month Free if Merchant Account is terminated or cancelled, either by Quantum or the Client, in accordance with the Merchant Processing Agreement, and within the initial term dictated by the Merchant Processing Agreement. The First Month Free cannot be coupled with any other promotions, unless stated otherwise and agreed upon by the sole discretion of Quantum. The First Month Free shall not exclude for any damages in accordance with Merchant Progressing Agreement.

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