1.         INTRODUCTION


      1.1       The following terms and conditions apply to the Merchant’s use of the Services.  This terms of service (“Terms of Service”) is a contract between you and eBuddy DigiVoucher  (“eBuddy DigiVoucher/ eBuddy Voucher ”) and it governs your use of all Services (defined below). Please read the following Terms of Service carefully so that you are aware of your legal rights and obligations with respect to us and our affiliates and subsidiaries (individually and collectively, "Company", "we", "us", or "our").  BY USING THE SERVICES OR OPENING AN ACCOUNT, YOU SIGNIFY YOUR IRREVOCABLE ACCEPTANCE OF THESE TERMS OF SERVICE.  To the extent not prohibited by existing local law and regulations, we have the right to revise these Terms of Service at any time without providing notice to you. Your use of the Services shall be deemed irrevocable acceptance of these Terms of Service and any such revisions.



      2.         INTERPRETATION


      2.1       In this Terms of Service, the following words will have the meanings assigned to them in this clause, except where inconsistent with the context:

      “Application” means the mobile application operated by eBuddy DigiVoucher  or its affiliate (as amended from time to time) for the provision of Services;


      “Card or Payment Scheme” means any card payment systems (such as VISA, MasterCard, American Express or others) or bank payment scheme (such as direct banking system, direct debit system or bank transfer system);


      “Merchant Account” means Merchant’s registered electronic money account(s) held with eBuddy DigiVoucher  or bank account designated by Merchant (as the case may be);


      “Merchant Product/Service” means any product or service offered by Merchant to its customers and which is ordered, purchased or otherwise provided to a customer pursuant to a Transaction;


      “Merchant Registration Form” means the registration form completed and signed by Merchant for the Services;


      “Services” means electronic payment solutions via the internet and all other products and services offered by eBuddy DigiVoucher  through any other means; and


      “Transaction” means any transaction between Merchant and its customer using the Services for the purchase of goods and/or services from Merchant.



      2.2       Headings are for convenience only and shall not affect the construction or interpretation of this Terms of Service.



      3.         SERVICES


      3.1       Merchant acknowledges and agrees that:


      (a)        eBuddy DigiVoucher  operates solely as a payment intermediary and: (i) under no circumstances acts as a seller, purchaser, dealer, middleman, retailer, auctioneer, supplier, distributor, manufacturer, broker, agent or merchant of Merchant Product/Service; and (ii) makes no representations or warranties and does not ensure the quality, safety and/or legality of any Merchant Product/Service.  eBuddy DigiVoucher  does not guarantee the identity of any customers or ensure that a customer will complete a Transaction;    


      (b)        any dispute arising out of any Merchant Product/Service is between the sender and receiver of the funds and/or the supplier and receiver of the goods or services.  Any Transaction in relation to the Merchant Product/Service shall only obligate Merchant.  eBuddy DigVoucher  shall not be a party to any resulting dispute including but not limited to disputes over performance and liability issues relating to the delivery, quality, quantity, or use of the Merchant Product/Service.  eBuddy DigiVoucher  may, on a case-by-case basis and at the customer’s own costs expenses, facilitate the customer to request from the Merchant any refund paid for the goods and/or services by the customer.


      (c)        eBuddy DigiVoucher  Services, including its gateway service, only facilitate the execution of payments from a customer to Merchant.  Any payment monies collected from customers and received by eBuddy DigiVoucher  shall be settled and transferred into the Merchant Account within a fixed timeframe on a daily, weekly, biweekly, or monthly basis, as agreed by the Parties after deduction of any fees due to eBuddy DigiVoucher  including any applicable taxes and/or duties.  Merchant agrees to be responsible for all the costs, expenses, fees, and/or bank charges applicable to the settlement and transfer.   


      3.2       Merchant is aware that the receipt of a payment into the Merchant Account does not amount to the receipt of cleared funds.  Merchant remains liable to eBuddy DigiVoucher  for the full amount of the payment and any fees deducted therefrom if the payment is later reversed for any reason (“Reversal Amount”).  In the event of a payment reversal, eBuddy DigiVoucher  is entitled to debit the Merchant Account with the Reversal Amount and any applicable third-party chargeback or reversal fee.  If eBuddy DigiVoucher  is unable to fully recover the Reversal Amount and/or the applicable third party chargeback or reversal fee from the Merchant Account (including any monies transferred into it after the payment reversal), Merchant is required to repay the Reversal Amount and/or any negative balance of the Merchant Account by depositing funds into such Merchant Account to ensure that the Reversal Amount and/or any negative balance can be fully recovered by eBuddy DigiVoucher .  Failure to do so is a breach of these Terms of Service.  Repayment of the Reversal Amount and/or any negative balance is due immediately without notice.  eBuddy DigiVoucher  reserves the right to charge late payment interest (exclusive of 12% VAT) in the event any Reversal Amount and/or negative balance is not repaid immediately.  eBuddy DigiVoucher  reserves the right to, at any time, demand repayment by Merchant for such amount.


      3.3       eBuddy DigiVoucher  reserves the right to suspend, at any time and at its sole discretion, the Merchant Account and/or the Services in any of the following circumstances:


      (a)        where eBuddy DigiVoucher  believes it is necessary or desirable to protect the security of the Merchant Account and/or the Services;


      (b)        if any Transactions are made which eBuddy DigiVoucher  in its sole discretion deems to be (i) made in breach hereof or in breach of the security requirements of the Merchant Account and/or the Services; or (ii) suspicious, unauthorized or fraudulent, including but without limitation to, money laundering, terrorism financing, fraud or other illicit activities;                    


      (c)        upon the insolvency, liquidation, winding up, bankruptcy, entrance into receivership or dissolution of Merchant, or where eBuddy DigiVoucher  considers that there is a reasonable likelihood for any of the foregoing to occur;   


      (d)        if the Transactions are for the sale of goods and/or services which fall outside of the agreed business activities of Merchant, or where Merchant fails to deliver such goods and/or services, and/or where Merchant is engaged in third party processing and not delivering goods and/or services itself; or


      (e)        otherwise in connection with eBuddy Voucher ’s compliance with any applicable laws and regulations.


      3.4       eBuddy Voucher  reserves the right the hold or deduct confirmed fraud transactions from the Merchant’s settlement. Merchant shall have thirty (30) calendar days to raise any disputes via email. eBuddy Voucher  shall have thirty (30) calendar days to investigate and (if applicable) adjust upon next settlement.  For the avoidance of doubt, the settlement of any disputes shall be determined solely by eBuddy Voucher , and Merchant agrees that such determination shall be binding on Merchant.


      3.5       In the event that eBuddy Voucher  suspends the Merchant Account and/or the Services provided to Merchant, eBuddy Voucher  may reinstate the same and, where necessary, provide new security details such as a password, as soon as practicable after the reason for the suspension ceases to exist.


      3.6       eBuddy Voucher  will automatically settle Merchant’s transactions on a D+1 schedule during banking days. This will cover transactions from 00:00:00 to 23:59:59 from the previous day.  A daily settlement report will also be sent to the Merchant’s registered email address. Merchant shall have ten (10) calendar  days from receipt of the settlement report to raise any disputes via email. eBuddy Voucher  shall have five (5) working days to investigate and (if applicable) adjust upon next settlement.  For the avoidance of doubt, the settlement of any disputes shall be determined solely by eBuddy Voucher , and Merchant agrees that such determination shall be binding on Merchant.



      4.         OBLIGATIONS


      4.1       Merchant shall open and maintain a Merchant Account by registering as a merchant with eBuddy Voucher.  Merchant shall integrate the Services into its operations and operate the same in accordance with eBuddy Voucher ’s instructions.  Merchant shall be responsible for maintaining adequate security and control of any and all identifications, passwords, personal identification numbers (PINs), or any other codes that Merchant uses to access the Services.  Merchant shall provide reasonable cooperation and assistance to promote the Services, as determined by eBuddy Voucher .


      4.2       Merchant shall not receive payments as consideration for delivery of illegal downloads, illegal gambling or goods or services infringing intellectual property rights of a third party, or for any other goods or services that offering or provision of which is against public moral or illegal under applicable law.


      4.3       Merchant shall cooperate with eBuddy Voucher at Merchant’s cost to investigate any suspicious illegal, fraudulent or improper activity related to any Transactions.


      4.4       At any time, for the purpose of complying with applicable law, Merchant shall provide eBuddy Voucher with such information as eBuddy Voucher  may request, including information about Merchant’s business.  Merchant shall inform eBuddy Voucher  in writing of any material changes to its business including business model, the goods and/or services, shop name, website or payment method, no later than thirty (30) days prior to such changes. Such change shall be effective only when received and agreed by eBuddy Voucher .  Merchant shall indemnify eBuddy Voucher  against all losses liabilities, costs and expenses (including full reimbursement of any legal and professional costs) arising out of the Merchant’s failure to notify eBuddy Voucher  of such changes.        


      4.5       Merchant shall not charge its customers a processing fee, markup or other surcharge for making payments through the Services.


      4.6       Merchant shall deliver the Merchant Product/Service to its customers without undue delay.  Merchant shall retain any documents evidencing the customer’s receipt of the goods and/or services ordered by the customers for at least 2 (two) years from the date on which the customer received the goods and/or services or such other period as permitted by law.  Merchant acknowledges that eBuddy Voucher  shall not be liable for any defects of such goods and/or services.


      4.7       The Merchant Product/Service that are made available to customers shall comply with applicable laws in any jurisdiction in or to which Merchant makes its goods and/or services available.


      4.8       Merchant shall at all times have all relevant and updated licenses and permits to conduct Merchant’s business and/or sale of Merchant Product/Service, and shall provide a copy of such license and/or permit if requested by eBuddy Voucher .


      4.9       Merchant represents and warrants that it is not receiving funds in connection with any illegal, fraudulent, deceptive or manipulative act or practice and that Merchant is not sending or receiving funds to or from an illegal source.


      4.10     Neither Merchant nor any of its subsidiaries or affiliates, nor any director or officer of Merchant, nor, to Merchant’s knowledge after due inquiry, any director or officer, employee, agent, controlled affiliate or representative of the Merchant or any of its subsidiaries or affiliates (“Person”), is an individual or entity that is, or is owned or controlled by a Person that is currently the subject of any sanctions administered or enforced by the Bangko Sentral ng Pilipinas (BSP), Securities and Exchange Commission (collectively, “Sanctions”), nor located, organized or resident in a country or territory that is currently the subject of Sanctions.  Merchant will not use the Services in any manner that will result in a violation of Sanctions by any Person, including eBuddy Voucher  and any of its affiliates, directors, officers, employees and agents. Merchant and its subsidiaries and affiliates have not knowingly engaged in, are not now knowingly engaged in, and will not engage in, any dealings or transactions with any Person, or in any country or territory, that at the time of the dealing or transaction is or was the subject of Sanctions.  Merchant agrees that it, its subsidiaries and affiliates and any Person shall conduct business in compliance with Anti-corruption Laws and shall not take any action, directly or indirectly, that would result in a violation of such laws, including but not limited to providing, offering, or promising, directly or indirectly, anything of value to any governmental authority or official that would result in a breach of any anti-corruption laws.  


      4.11     The operations of Merchant and its subsidiaries and affiliates shall be at all times in compliance with all material aspects with applicable financial recordkeeping and reporting requirements and the money laundering statutes of all applicable jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines issued, administered or enforced by any governmental agency.           


      4.12     The Merchant agrees to maintain and take care of any equipment or asset issued by eBuddy Voucher , including but not limited to mobile phones, sim cards and other assets (“Equipment”). The Merchant indemnifies eBuddy Voucher  against any loss or damage to the Equipment. The Merchant shall submit an incident report to eBuddy Voucher  pertaining to the loss or damage to such Equipment immediately upon discovery.  Such reporting shall not affect the Merchant’s liability to eBuddy Voucher  for such loss or damage.



      5.         FEES AND TAXES


      5.1       The fees payable by Merchant for the Services are as set out in the Merchant Registration Form, which shall form part of these Terms of Service.  Unless otherwise indicated, fees are quoted in Philippines currency, which is exclusive of Value Added Tax (“VAT”).


      5.2       eBuddy Voucher  service fees netted from the total transaction amount is inclusive of VAT and gross of the BIR mandated Expanded Withholding Tax (“EWT”) percentage. The amount of service fees will be provided to Merchant by eBuddy Voucher  every 5th of the month, together with the corresponding duly-registered official receipt. The Merchant shall issue the EWT certificate to eBuddy Voucher  within 15 days following the month the official receipt has been issued.


      5.3       eBuddy Voucher  may vary the fees, or advise Merchant of any additional fees, applicable to these Terms of Service at any time by posting a notice on the eBuddy website or Application and/or by sending Merchant a notice via email or postal mail.


      5.4       Any applicable taxes, duties and/or fees shall be borne by Merchant, and Merchant hereby authorizes eBuddy Voucher  to deduct such taxes, duties and/or fees as required by law.


      5.5       It is Merchant’s sole responsibility to determine which, if any, taxes and/or duties apply to the payments received, and to report and remit the correct tax to the competent tax authority.  The Merchant shall ensure to issue a withholding tax certificate to eBuddy Voucher  within 15 calendar days after each calendar month for any taxes withheld. eBuddy Voucher  reserves the right to clawback the remitted taxes from the Merchant in case of failure to issue the certificate within the agreed timeline                





      6.1       eBuddy Voucher  and/or its licensors reserve and shall retain its entire right, title and interest in all copy rights, trademarks and other intellectual property rights therein and relating thereto, except as expressly granted to Merchant in these Terms of Service.


      6.2       Merchant grants eBuddy Voucher  a worldwide, non-exclusive, royalty-free, non-transferable license to copy, use and display any logo, trademark, trade name or other intellectual property owned by, or licensed to Merchant for the purpose of (i) identifying Merchant as a merchant that accepts the Services as a payment form; and (ii) any other use to which Merchant specifically consents.  Merchant hereby warrants and represents that it owns or has the right to use and sublicense any intellectual property which it uses or licenses for use to eBuddy Voucher .


      6.3       “eBuddy Voucher” and all other URLs, logos, trademarks, intellectual property related to the Services are either trademarks or registered trademarks of eBuddy Voucher  or its licensors.  Merchant shall not copy, imitate or use them without eBuddy Voucher ’s prior written consent.  In addition, Merchant shall not copy, modify or amend any of the Services or intellectual property related to the Services.  All right, title and interest in and to the Services, the technology related to the Services, and any and all technology and any content created or derived from any of the foregoing is the exclusive property of eBuddy Voucher  and/or its licensors.


      6.4       With regard to the intellectual property owned or licensed by Card or Payment Schemes, Merchant shall follow instructions given by the relevant Card or Payment Scheme.  Merchant shall not use such intellectual property in a way that is or may be detrimental to the business or brand of the relevant Card or Payment Scheme.        



      7.         NO WARRANTY




      7.2       eBuddy Voucher  shall not be liable for any of the following:


      (a)        a hardware, software, mobile device and/or internet connection is not functioning properly;


      (b)        any suspension or refusal to accept payments which eBuddy Voucher  reasonably believes to be made fraudulently or without proper authorization;


      (c)        the payment instructions received contain incorrect or improperly formatted information; or


      (d)        unforeseen circumstances preventing the proper performance despite any reasonable precautions taken by eBuddy Voucher .  Such circumstances may include but are not limited to acts of God, power outages, fire, flood, theft, equipment/device breakdowns, hacking attacks, internal mechanical or system failures, civil disturbance, war as well as downtimes of the Application.





      8.1       Merchant represents and warrants that:


      (a)        the entry into these Terms of Service and the performance thereof by Merchant has been duly authorised and constitutes a valid and binding agreement of Merchant, enforceable against it in accordance with the terms thereof;


      (b)        all information furnished to eBuddy Voucher  is true, accurate and not misleading;


      (c)        all formal consents, waivers, approvals, authorisations, exemptions, registrations, licenses or declarations of or by or filing with, any authority or contracting party which are required to be made or obtained by Merchant in connection with the entry into these Terms of Service and the performance of the same, have been duly obtained; and


      (d)        the entry, delivery and performance of these Terms of Service by Merchant will not violate or conflict in any material respect with any law, rule, regulation, code, ordinance, judgment, order, writ, injunction, decree or other requirement of any court/tribunal or of any governmental body or agency thereof applicable to Merchant and/or the sale of the Merchant Product/Service.



      9.         PRIVACY


      9.1       Merchant acknowledges that when Merchant downloads, installs or uses the Services, eBuddy Voucher  may use automatic means (including, for example, cookies and web beacons) to collect information about Merchant’s device and about Merchant’s use of the Services.  Merchant also may be required to provide certain information as a condition to downloading, installing or using the Services or certain of its features or functionality.  All information collected by eBuddy Voucher  through or in connection with the Services is subject to eBuddy Voucher ’s Privacy Policy.  By downloading, installing, using and providing information to or through the Services, Merchant consents to all actions taken by eBuddy Voucher  with respect to the Merchant’s information in compliance with the Privacy Policy.



      10.       TERMINATION


      10.1     eBuddy Voucher  may terminate its provision of the Services immediately:


      (a)        if Merchant files a petition for bankruptcy, becomes insolvent, or makes any arrangement or composition with or assignment for the benefits of its creditors, or a receiver is appointed for Merchant or its business, or Merchant goes into liquidation either voluntarily (otherwise than for reconstruction or merger) or compulsorily;


      (b)        upon the occurrence of a material breach of these Terms of Service by Merchant or if such breach is capable of remedy, is not remedied within the time specified by eBuddy Voucher ;


      (c)        Merchant violates or fails to comply with any applicable law, regulation or any order by a competent court or government authority; or


      (d)        if Merchant fails to submit any documents or information required by eBuddy Voucher .


      10.2     Either Party may terminate the Services by giving the other Party thirty (30) days’ prior written notice



      11.       LIABILITY


      11.1     In no event shall either Party be liable for indirect, incidental, special, punitive or consequential damages, including loss of use, loss of profits or interruption of business, however caused or on any theory of liability.


      11.2     eBuddy Voucher ’s liability to Merchant for any and all losses arising out of or in connection with these Terms of Service shall in no event exceed the fees received by eBuddy Voucher  from Merchant in the three (3) months prior to the event giving rise to such liability.



      12.       INDEMNITY


      12.1     Merchant shall fully indemnify and hold eBuddy Voucher , its parents, subsidiaries, affiliates, suppliers and agents and their respective officers, directors and employees (the “Indemnified Party”), harmless from any loss, liability, costs and expenses (including full reimbursement of any legal and professional costs) which the Indemnified Party suffers or incurs as a result of, or in connection with, any claim made or threatened by a third party relating to any Merchant Product/Service and/or any breach of these Terms of Service and/or use of the Services by Merchant.



      13.       FORCE MAJEURE


      13.1     Neither Party shall be liable to the other for loss or damage resulting from delay or failure to perform these Terms of Service, or any terms hereunder, either in whole or in part, when the same is due to causes beyond its reasonable control, including but not limited to civil war, insurrections, strikes, riots, fires, floods, explosions, earthquakes, serious accidents or any acts of God, government regulations, epidemics, quarantine or labour trouble resulting in cessation, slowdown or interruption of work. In the event of the same, the Parties' obligations herein and the delivery dates shall be extended for the periods of such circumstances only so far as they affect the performance of these Terms of Service.


      13.2     The Party affected shall as soon as possible notify the other Party in writing of the commencement and (if applicable) end of said circumstances.



      14.       RELATIONSHIP


      14.1     The Parties are independent contracting parties, and nothing in these Terms of Service will make any Party the employee, partner, agent, legal representative, trust or joint venture of the other for any purpose whatsoever, nor does it grant either Party any authority to assume or to create any obligation on behalf of or in the name of the other.



      15.       ASSIGNMENT


      15.1     eBuddy Voucher  may assign any of its rights or obligations under  these Terms of Service without the  prior written consent of Merchant.  For the purpose of this clause, assignment will include any assignment by operation of law and change in control of a Party.

      15.2     Merchant may not assign any of its rights under these Terms of Service to any person without the prior written consent of eBuddy Voucher .

      15.3     Merchant may not allow, permit or let other person or merchant(s) to use the Services without the prior written consent of eBuddy Voucher .



      16.       ENTIRE AGREEMENT


      16.1     These Terms of Service constitute the entire agreement between the Parties concerning the subject matter of these Terms of Service and supersedes all prior negotiations, arrangements, agreements and understandings, either oral or written, between the Parties.



      17.       GOVERNING LAWS


      17.1     These Terms of Service shall be governed by the laws of the Philippines. In the event of any dispute, controversy, claim or difference of any kind whatsoever arising between the parties in connection with these Terms of Service, including the breach, termination or validity of this Terms of Service, or in connection with the determination of any matters which are subject to objective determination pursuant to these Terms of Service (“Dispute”), which Dispute has been subject of a written notice by one Party to the other (“Dispute Notice”), the parties shall attempt, for a period of thirty (30) days after the receipt by one (1) party of a notice from the other party of the existence of a Dispute, to settle such Dispute in the first instance by mutual discussions between the senior management of each of the parties. If the Dispute cannot be settled by mutual discussions within the thirty (30) day period, it shall be referred to and finally resolved by arbitration in accordance with the rules of the Philippine Dispute Resolution Center.



      18.       PARTIAL INVALIDITY


      18.1     In the event of the invalidity of any part or provision of these Terms of Service such invalidity must not affect the enforceability of any other part or provision of these Terms of Service.



      19.       SURVIVAL


      19.1     Clauses 8 (Merchant Representations and Warranties), 11 (Liability), 12 (Indemnity), 17 (Governing Laws) and 19 (Survival) shall survive the expiration and termination of these Terms of Service.



      20.       WAIVER


      20.1     A Party’s failure to exercise or delay in exercising a right or power does not operate as a waiver of that right or power and does not preclude the future exercise of that right or power.



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      Last updated: 14 January 2021