Common use of Responsibility for Activity Clause in Contracts

Responsibility for Activity. Except as expressly provided in this Agreement, and without prejudice to the Stripe Connect Terms, you are responsible for all Activity relating to the Stripe Issuing Program, whether initiated by you, a Stripe Issuing Accountholder, a Card Authorised User, or any person using your credentials, including (a) use of the Stripe Issuing Services for a Card Unauthorised Purpose, or in violation of this Agreement, or the applicable Card Network Rules; (b) all Card Transactions on the Stripe Issuing Account; and (c) any fees, losses, damages or costs that Stripe incurs arising out of or relating to that Activity, including insufficient funds availability to cover debit requests from Stripe or due to debit reversals. Stripe may attempt to collect any amounts owed from Stripe Issuing Accountholders before Stripe collects these amounts from you. However, you remain jointly and severally liable to Stripe for these amounts, and Stripe may collect these amounts from you in accordance with this Agreement.

Appears in 28 contracts

Samples: Stripe Services Agreement, Stripe Services Agreement, Stripe Services Agreement

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