International E-commerce rules. In consideration of the mutual promises and covenants contained in the Merchant Framework Agreement (“Agreement”), the parties agree as follows: 12.2.1 The Merchant agrees to participate in the card processing services program established by PAYSTRAX. 12.2.2 During the term of this Agreement, subject to the terms and conditions of this Agreement, the ISO agrees to perform certain services, on behalf of the Merchant in order to allow the Merchant to accept and process Transactions. The ISO shall provide the Merchant with the Services indicated in the Merchant Application Form, as amended from time to time by PAYSTRAX, during the term of this Agreement, subject to the terms and conditions of this Agreement. 12.2.3 PAYSTRAX agrees to provide the Merchant with the Services indicated in the Merchant Application Form, as amended from time to time by PAYSTRAX, during the term of this Agreement, subject to the terms and conditions of this Agreement. 12.2.4 In the performance of its duties hereunder, the ISO shall be an independent contractor, and not an employee or agent of PAYSTRAX.
Appears in 2 contracts
Sources: Merchant Framework Agreement, Merchant Framework Agreement on Payment Service