Spending Card Terms

Revision Date: January 13, 2022

These Spending Card Terms are subject to the Subscription Services Agreement (together with the Order Form signed by Procurify and the Customer, the “Agreement”). All capitalized terms used here that are not defined have the meaning given to them in the Agreement.

1. Issuance of Spending Cards:

2. Pricing

The Fees applicable to the Customer for use of the Spending Card Services, including transaction, service, and other fees, are governed by the Agreement and the pricing terms at www.procurify.com/legal/fees-and-rates (the “Pricing Terms”). Some Fees, including transaction fees, may be subject to change from time to time, with or without notice, according to the Agreement and the Pricing Terms, as applicable.

3. User Fraud

Procurify will not hold Customer responsible for or seek to collect from Customer any loss caused by or resulting from any User’s fraud, misuse, or negative balance transactions involving the Spending Cards except to the extent such loss was caused by Customer’s breach of a representation, warranty, or covenant of the Agreement or Cardholder Agreement or if Customer (or Customer’s employees, agents or representatives) participated in, had or should have had knowledge of any deceptive, fraudulent or other illegal activity. Subject to applicable law, Customer agrees to comply with all reasonable requests made by Procurify to investigate, prevent, and recover sums due relating to any actual or suspected loss, fraud, or other improper use of any Spending Card ordered by Customer or on Customer’s behalf. Procurify reserves the right to suspend or cancel any Spending Cards (or limit features offered on Spending Cards) if it believes such Spending Cards are being used for illegal or improper purposes.

4. Shipping Restrictions

No Spending Cards may be shipped to countries prohibited or sanctioned by the Office of Foreign Assets Control (“OFAC”) or the Financial Action Task Force (“FATF”) and/or as directed by Stripe (the “Prohibited Countries”). Customer agrees that Customer shall not, directly or indirectly, send or instruct Spending Cards to be sent outside the U.S., its territories, the District of Columbia, or Canada, unless specifically authorized for international shipment. Spending Cards may not be redeemed or used in Prohibited Countries. Customer shall only provide Procurify with U.S. shipping addresses for Spending Cards intended for use in the United States, and Canadian shipping addresses for Spending Cards intended for use in Canada.

5. Customer Identification and Recordkeeping

6. Anti-Money Laundering Disclosure

To help governments fight the funding of terrorism and money laundering activities, certain regulations require financial institutions and their third parties to obtain, verify, and record information that identifies each person or company who opens an account. If the Customer requests that Procurify provide a Spending Card that requires a financial institution, including Stripe, to establish accounts for the Customer or its Users, that financial institution may require the Customer’s business name, address, federal tax ID, and other information that will allow the financial institution to identify the Customer.  In some cases, the Customer may be required to provide identifying business documents.  The Customer acknowledges and agrees that if the Customer does not provide such information or documents to the financial institution, including Stripe, Procurify will not have any obligation to offer the Customer a Spending Card.

7. Cash Back