As consideration for the Services you are purchasing you agree to pay PayTrace the Service fees. PayTrace will provide you with a statement of Service fees on the 1st of each month detailing the Services that were performed or made available to you during the prior calendar month and the applicable fees. PayTrace will debit your ACH account on or after the 1st of the month based on this statement of fees. All fees are non-refundable, except as otherwise agreed to in writing by PayTrace. If PayTrace does issue a refund, it will only be via the same payment method you used to pay for the Services. There will not be any pro-ration of fees unless otherwise agreed to in writing by PayTrace.
Initial set-up fees will be invoiced to you on the 1st of the calendar month following your execution of this Agreement. Monthly Subscription Fees will be billed on the 1st of the month for Services that were performed or made available to you during the prior calendar month. Transaction Fees will be billed on the 1st of the month for Services that were performed during the prior calendar month. Transaction fees will be determined by multiplying each transaction processed in the calendar month by the corresponding Service's Transaction fee. Each separate PayTrace account will be billed individually and is subject to all applicable service fees. Additional services or add-on service fees shall be billed on the 1st of the calendar month after the services are performed or made available to you.
Any renewal of your Services with PayTrace is subject to PayTrace's then-current terms and conditions, including, but not limited to, successful completion of any applicable authentication procedure, and payment of all applicable Service fees at the time of renewal.
In the event that any sales or value added taxes apply to PayTrace's products or services, you agree to pay all value added, sales and other taxes (other than taxes based on PayTrace's income) related to PayTrace Services or payments made by you hereunder.
You agree to pay all sums due and payable that remain unpaid after PayTrace attempts an ACH debit, plus a $25.00 handling fee for each bank rejection of authorized ACH debits and a late charge of 1.5% per month or the maximum amount allowed by law, whichever is less. In addition to its other remedies, PayTrace may terminate your account if it becomes overdue.
You agree to provide PayTrace with an authorized Automated Clearinghouse (ACH) account number and information so that we may debit Service fees and you agree to promptly inform PayTrace of any changes thereto at Support@PayTrace.com. All payments shall be made in U.S. dollars. You hereby authorize PayTrace to debit your ACH account for the fees and penalties due for the Services described above, and you shall provide to PayTrace proper debit authorization for purposes of allowing PayTrace to debit the applicable account to collect fees due under this Agreement.
Third parties, such as Financial Institutions, Financial Processors and merchant account processors, charge fees for their services. This Agreement does not describe such third party fees and does not affect your agreements with such third parties. Any fees owed by you to third parties are your sole responsibility.
You acknowledge that the information provided on this form is accurate. You also acknowledge that you have read and accept the PayTrace terms and conditions, which can be found at: http://www.paytrace.com/terms.html.