DESCRIPTION OF GOODS AND SERVICES
Provide a complete description of ALL the goods and services the prospective merchant will be selling/supplying to their customers
- CURRENCY $
- US$ or CND$
- Address of the merchant’s permanent establishment.
- Customer Service contact, including electronic mail address or telephone number.
- Acceptance – the merchant notifies users that by accepting their Terms & Conditions, they agree to the merchant’s given rules.
- Information about the Products/Services the merchant sells or provides.
- Terms of Delivery and Payment.
- Warranties the merchant may offer on the products/services they sell.
- Limitation of Liability – which obligations to the user, the merchant may/may not fulfill.
- Log Files and Cookies
Registration and Use of Personal
- Information – what personal data will the merchant collect
- Security – how is personal data stored and used
To whom/how the personal data may be disclosed
- How the merchant will inform users about policy Legal Disclaimers
A refund policy should be clear and simple to understand. A good refund policy will normally answer the following questions:
- Do you accept refunds?
- Is there a time limit?
- Under what conditions will the merchant not accept a return (package opened, product used, etc)?
- Where does the customer ship the return?
- Will the merchant refund the customer’s money in the same way they paid for it?
- Is there a restocking fee?
When completing an order, cardholder is required to either “click to accept” or an affirmative action
An approved merchant will be placed on reserve funding, which will hold all of their funds; if their website is not fully functional at the time of boarding.
The merchant will need to contact the Sales Rep once the website is compliant to the standards of the checklist and the Sales Rep will need to advise Credit for them to complete their review.Once Credit reviews the application and the site is compliant the reserve will be removed. If the nature of business on the website has changed from the original application Credit will contact the Sales Rep to submit another order