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Terms and Conditions QREV

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Incentive Bonus Promotions

QREV Program is the Quantum Card Payment Discount Program provided at the sole and absolute discretion of Quantum Electronic Payments LLC. Quantum may alternatively and interchangeably use “QREV”, “QREV Program” and “Quantum Card Payment Discount Program” in different materials including but not limited to Applications, Program Guide, and/or Agreements of Quantum. Client acknowledges and agrees that Client fully understands that “QREV”, “QREV Program” and “Quantum Card Payment Discount Program” are the same on meaning and on binding legal effect.

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1) Free Point of Sale (POS)

Quantum will provide POS including but not limited to equipment and/or other device at the sole and absolute discretion of Quantum; and locally install or ship POS at no charge, unless under exceptional circumstances determined by Quantum. Free POS may apply per business location of Merchant. Quantum may waive the fee for POS Replacement if the provided POS is defective; or becomes defective from reasonable wear and tear damages by replacing the unit with a functionally similar POS based upon availability. In the event that POS is stolen or damaged resulting from the misuse or negligence of Merchant, Quantum may charge the full value of POS determined by Quantum’s sole discretion which can be higher than the Fair Market Value and in accordance with Equipment Placement Agreement. The POS Replacement Fee does not include shipping cost and deployment fee which can only be waived at Quantum’s sole discretion. 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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2) Three (3) Months Satisfaction Guarantee:

Three Months Satisfaction Guarantee applies on the condition of the approval of Quantum’s underwriting department. Merchant may sign the Program Change Form to be aware of applicable fee when they choose to switch from QREV Program to a Traditional Merchant Account. Merchant agrees that Merchant is obligated and shall notify Quantum within three statement months if Merchant decides to switch from QREV Program to Traditional Merchant Account or vice versa. Merchant will be responsible for all applicable fees to Quantum or any of its partners/vendors if Merchant chooses or is required to change from QREV Program to any other pricing program. The Three-Month Satisfaction Guarantee cannot be coupled with any other promotions, unless stated otherwise and agreed upon by the sole discretion of Quantum. The Three-Month Satisfaction Guarantee shall not exclude the Early Termination Fee, processing fee and any damages in accordance with Merchant Processing Agreement. The above listed promotions are 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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