Overview
Negotiating terms related to settlements, rolling reserves, fees and fines can mean the difference between getting paid in a timely manner and not getting paid at all. Whether you are a processor, a merchant, or a re-seller, you’re going to need an agreement that protects your interests.
As a processor, you’ll want to draft a template agreement that protects you and covers all of your obligations with your acquiring bank. You want to make sure you have enough of a rolling reserve/security deposit to cover all merchant fees, fines, and chargebacks.
As a merchant, you’ll want to make sure that you’re protected from unscrupulous processors and that you negotiate the best possible terms. You may need a legal opinion or legal analysis to demonstrate that your activities are legal. You may need help avoiding involvement with the wrong processor or reseller.
As a reseller, you’re in the middle of processors and merchants. You’ll want to encourage merchants to sign up by presenting them with the best possible agreements, while ensuring that you negotiate favorable terms from the processor.
Experience
Representative Work in Payment Processing Agreements
Negotiated numerous processing agreements for a large privately held company.
Reviewed due diligence on various processors and advised a large privately held company on risks.
Drafted “ironclad” templates to be used as precedents for processors, merchants, and resellers.
Negotiated a payment processing recovery for a large privately held company.
Assisted a start-up in finding an appropriate payment processor and reviewed various payment processing agreements.
Drafted a risk analysis regarding the activities of a large privately held company to satisfy a request from a payment processor.
Contact
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