Merchant Payout Schedule

This Merchant Payout Schedule (“Schedule”) outlines the process and timeline for disbursement of funds to merchants (“Merchant(s)”) following the capture of transactions processed through our platform. This Schedule applies to all merchants who utilize the platform for payment processing and serves as a binding agreement regarding the timing of funds disbursement.

1. Definitions

• “Capture”: The point at which a Merchant finalizes the processing of a transaction, making it eligible for settlement and disbursement.
• “Funds Received By”: The date and time by which a Merchant will receive their funds into the designated bank account following a capture.

2. General Payout Timeline

For all transactions captured by a Merchant, the following timelines will apply:

a. Transactions Captured Before 9:00 PM

b. Transactions Captured After 9:00 PM

3. Specific Conditions

1. Transaction Cut-off Time:
   • The cut-off time for same-day processing is 9:00 PM. Any transaction captured before 9:00 PM will be processed on the same business day, while any transaction captured after 9:00 PM will be processed the following day, according to the timeline indicated in the tables above.
2. Weekends and Public Holidays:
   • If the disbursement date falls on a weekend or public holiday, the funds will be disbursed on the next business day, unless otherwise specified by the payment processor.
3. Bank Delays:
   • While our platform ensures timely disbursement of funds as per the Schedule, delays caused by banking institutions, clearing houses, or third-party processors may affect the timing of receipt by Merchants. In such cases, the platform shall not be held liable for delays beyond our control.
4. Dispute and Chargeback Holds:
   • In instances where transactions are subject to disputes or chargebacks, the disbursement of funds may be delayed or withheld pending resolution of such disputes.

4. Amendments

This Schedule may be amended at any time, and updates will be communicated to Merchants at least 30 days in advance of any changes becoming effective. It is the Merchant’s responsibility to review these changes and ensure compliance.

5. Governing Law

This Schedule is governed by and construed in accordance with the laws of Texas, without regard to its conflict of law provisions.

By utilizing the platform and processing transactions, the Merchant agrees to the terms and conditions set forth in this Merchant Payout Schedule.