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Stripe, Inc. 12/9/2024
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Stripe, Inc. 12/9/2024
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Entry Properties
Last modified
12/11/2024 11:54:35 AM
Creation date
12/11/2024 11:53:15 AM
Metadata
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Template:
Contracts
Contractor's Name
Stripe, Inc.
Approval Date
12/9/2024
Department
Library
Department Project Manager
Meghan Edwards-Bond/Abby Cooley
Subject / Project Title
Stripe, Inc. for online donations for the Library
Tracking Number
0004610
Total Compensation
$0.00
Contract Type
Agreement
Contract Subtype
Other Agreements
Retention Period
6 Years Then Destroy
Imported from EPIC
No
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You must pay, or ensure that Stripe is able to collect, Fees, Taxes, and other amounts you owe <br />under this Agreement when due. Stripe may deduct, recoup or setoff Fees and other amounts <br />you owe under this Agreement, or under any other agreements you have with Stripe or any of <br />its Affiliates, from your Stripe Account balance, or invoice you for those amounts. If you fail to <br />pay invoiced amounts when due, if your Stripe Account balance is negative or does not contain <br />funds sufficient to pay amounts that you owe under this Agreement, or under any other <br />agreement with Stripe or any of its Affiliates, or if Stripe is unable to collect amounts due from <br />your Stripe Account balance, then Stripe may, to the extent Law permits, deduct, recoup or <br />setoff those amounts from: (a) if established and applicable, each Reserve; (b) funds payable <br />by Stripe or its Affiliate to you or your Affiliate; (c) if established, each User Affiliate Reserve; <br />(d) each User Bank Account; and (e) the Stripe account balance of each Stripe account that <br />Stripe determines, acting reasonably, is associated with you or your Affiliate. If the currency of <br />the amount being deducted is different from the currency of the amount you owe, Stripe may <br />deduct, recoup or setoff an amount equal to the amount owed (using Stripe’s conversion rate) <br />together with any fees Stripe incurs in making the conversion. <br />4.3 Debit Authorization. <br />Without limiting Section 4.2 of these General Terms, you authorize Stripe to debit each User <br />Bank Account without separate notice, and according to the applicable User Bank Account <br />Debit Authorization, to collect amounts you owe under this Agreement . If Stripe is unable to <br />collect those amounts by debiting a User Bank Account, then you immediately grant to Stripe <br />a new, original authorization to debit each User Bank Account without notice and according to <br />the applicable User Bank Account Debit Authorization. Stripe may rely on this authorization to <br />make one or more attempts to collect all or a subset of the amounts owed. Your authorization <br />under this Section 4.3 will remain in full force and effect until (a) all of your Stripe Accounts are <br />closed; or (b) all fees and other amounts you owe under this Agreement are paid, whichever <br />occurs later. If applicable debit scheme authorization rules grant you the right to revoke your <br />debit authorization, then to the extent Law permits, you waive that right. <br />4.4 Taxes. <br />The Fees exclude all Taxes, except as the Stripe Pricing Page expressly states to the contrary. <br />You have sole responsibility and liability for: <br />(a) determining which, if any, Taxes or fees apply to the sale of your products and services, <br />acceptance of donations, or payments you make or receive in connection with your use of the <br />Services; and <br />(b) assessing, collecting, reporting and remitting Taxes for your business.
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