It is the policy of the Service Providers to obtain certain information in order to verify the undersigned MERCHANT representative(s)’ identity while processing this account application.
The undersigned Merchant representative(s) authorize the Service Providers to:
-Investigate the references, statements and other data contained herein and to obtain additional information from credit bureaus and other lawful sources, including persons and companies named in this Merchant Application, all to the extent necessary for the Service Providers to determine whether to enter into this Agreement with MERCHANT and otherwise consistent with this Agreement and applicable law.
-Procure information from any consumer reporting agency bearing its personal credit worthiness, credit standing, credit capacity, character and general reputation, all to the extent necessary for the Service Providers to determine whether to enter into this Agreement with MERCHANT and otherwise consistent with this Agreement and applicable law.
-Provide amongst each other the information contained in this Merchant Application and Agreement and any information received from all references, including banks and consumer reporting agencies, all to the extent necessary for the Service Providers to determine whether to enter into this Agreement with MERCHANT and otherwise consistent with this Agreement and applicable law.
-Verify the information in this application and receive and exchange information about the undersigned MERCHANT representative(s) personally, including by requesting reports from consumer reporting agencies, and disclose such information to its agent, subcontractors, partners and other parties for purposes of determining whether to enter into this Agreement with the MERCHANT, all to the extent consistent with this Agreement and applicable law.
-Inform the undersigned representative(s) directly, or through the entity above, of reports about the representative(s) that they have requested from consumer reporting agencies. Such information will include the name and address of the agency furnishing the report.
-Certifies that the federal taxpayer identification number and corresponding filing name provided herein are correct.
-Agrees to all the terms of this Merchant Application and Agreement. This Merchant Application and Agreement shall not take effect until the MERCHANT has been approved and this Agreement has been accepted by the Service Providers.
The undersigned MERCHANT representative(s) further acknowledge and agree that the MERCHANT account and/or the Services will not be used for illegal transactions, for example, those prohibited by the Unlawful Internet Gambling Enforcement Act, 31 U.S.C. Section 5361 et seq, as may be amended from time to time. Notwithstanding the foregoing, the Service Providers acknowledge and agree that cannabis-related activities in the state(s) where MERCHANT is properly licensed are not, for purposes of this Agreement, “illegal transactions.”
By signing below, the undersigned MERCHANT representative(s) acknowledge that they have read, and are authorized to sign and submit this application for the applicable entity which agrees to be bound by the Service Providers’ Merchant Agreement and TOS, and that all information provided herein is, to the best of representative(s)’ knowledge, true, complete and accurate.