This Commercial Entity Agreement (CEA) is made available to Braintree customers who are business units (as defined by Visa and Mastercard) who open a reseller account and use braintrees services to (i) accept the payment card set out below by the Association (defined below) on their website. Any entity or person of this type that receives this AEC is referred to here as the Braintree client. In this AEC, « you » and/or « you » also refer to Braintree Customer. This AEC represents your separate legally binding contract between you as a trading company and (2) Wells Fargo Bank, N.A. and Wells Fargo Merchant Services, L.L.C. (Wells Fargo package). In this AEC « we, » « we » and « our » also refers to Wells Fargo. The Braintree customer has accepted the Braintree Payment Services agreement or an equivalent agreement (the « PSA »), defines the requirements for braintree services and is integrated into this AEC by reference. Wells Fargo may terminate the provision of credit and debit card processing services provided by Wells Fargo Braintree and yourself through payments made through the Braintree service and enforce one of the EPI`s provisions for credit and debit card processing services provided by Wells Fargo.
This EC agreement replaces all other trade agreements you may have already approved with Braintree and Wells Fargo. The most significant risks associated with bank deposits are the risk of interest rates and liquidity. If interest rates fall, there may be more contractual assets in bank deposits than the bank might be able to invest profitably. If interest rates rise, there may be fewer investments and more withdrawals, which leads the bank to maintain a large portion of the liquid funds. In addition, fixed-rate bank deposit contracts are vulnerable to inflation, for example the purchase of a five-year bank deposit contract excludes the possibility of higher returns if interest rates rise during the holding period. These risks increase the overall risk of the bank itself, which is why auditors assess the financing of bank deposits and banking policies and practices related to the banking activity of bank deposits. If we do not enter into a transaction from or to your account on time or in the appropriate amount in accordance with our agreement with you, we will be responsible for your losses or damages. There are, however, a few exceptions.
For example, we are not responsible: unless this agreement or your account contracts and pricing plans are otherwise available, there will be no service charges for accessing your accounts linked to the service. By clicking on the Accept button, you validate your receipt of these payment instructions and policies and consent to compliance.