Payment System. Following Surf’s approval of Contractor’s application to become a Contractor of Surf (the “Application”), Contractor will create an account with Surf’s third-party payment processor which is currently Stripe, Inc. (the “Payment Processor”) and link Contractor’s bank account through such Payment Processor. Failure to effectively link Contractor’s bank account may result in delays in payment or rejection of Contractor’s Application. Contractor hereby authorizes Surf to use that account to: a) deposit payments from Surf to the contractor based on the terms described in this Section 3.2, b) debit any applicable Replacement Fee as outlined in this Agreement, and c) charge Contractor, upon Contactor’s election, the Damages Waiver Fee (defined below). Contractor will immediately update Contractor’s bank account information in the event that there is any change that may affect Contractor’s obligations under this Agreement.
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