Merchant Payment Processing Agreement
The arbitrator(s) shall decide the content of all claims in accordance with the laws of the State of Delaware, including recognized principles of fairness, and shall respect all privileges recognized by law. The arbitrator(s) are not bound by decisions made in previous arbitrations involving different traders, but are bound by decisions rendered in previous arbitrations involving the same trader, to the extent that applicable law makes it necessary. The arbitral award is final and binding, and judgment on the arbitrator`s arbitral award may be rendered in any court of competent jurisdiction. Merchant agrees PayPal release, defend and hold harmless its parent company, affiliates, executive officers, directors, representatives, employees and suppliers from and against any action, claim, liability, loss, penalty or other expense (including attorneys` fees and defense costs) that they have as a result of (i) your breach of this Agreement or any other agreement you have entered into with PayPal or its providers in Regard to your use of payment services braintree, terminate, undergo or develop; (ii) your use of brain payment services; (iii) your acts or omissions; and/or (iv) your violation of applicable laws, regulations or network rules. This Agreement defines the entire Agreement and the understanding of the Parties with respect to the subject matter incorporated therein and supersedes all agreements, promises, agreements, understandings, communications, assurances or warranties, whether oral or written, by an officer, partner, staff member or representative of a Party. This Agreement shall be binding only on the parties and their respective assigns and the authorized beneficiaries of the assignment and shall apply only to the benefit of this Agreement. Nothing in this Agreement, either expressly or implicitly, confers or shall be considered as such to persons or entities that are not parties to this Agreement. In most cases, these banks are responsible for facilitating all aspects of the electronic transaction process. Reseller banks are often credit card providers for open loop and closed-loop sales cards.
measures taken to prevent data processing systems from being used by unauthorized persons using data transmission devices (e.g. B firewall); Payment services include the merchant`s optional use of fraud management tools to detect fraudulent transactions. 2.2 Braintree shall comply with the requirements of data protection legislation applicable to controllers with regard to the use of merchants` data under this Agreement (including, but not limited to, implementing and maintaining all appropriate security measures regarding the processing of merchants` data and keeping a record of all processing activities carried out in relation to concerns merchant data) and, knowingly, hts do or permit something regarding merchant data that may lead to a breach by the merchant of data protection legislation….