Buy-Rate Terms
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Last Updated: April 25, 2024
These Buy-Rate Terms, together with the Affirm Merchant Agreement located at https://www.affirm.com/terms/merchant-agreement, including any other schedules, exhibits, attachments, and other documents incorporated by reference therein, or that the Parties may execute from time to time (the “Merchant Agreement”), constitute the agreement (the “Agreement”) between Merchant and Affirm for the respective use and provision of the Services.
If any of these Buy Rate Terms conflicts with the Merchant Agreement, the Buy Rate Terms will control. Capitalized terms used but not defined below shall have the meanings set forth in the Merchant Agreement.
1. Payout and Payment Terms.
1.1. Merchant will not owe Affirm any “Fees” as defined in the Agreement; any terms related thereto do not apply.
1.2. Payouts will be disbursed directly to Platform for further settlement to Merchant after deduction of any applicable amounts that Platform or Affirm may be authorized (pursuant to Merchant’s agreement with Platform or the Agreement) to withhold.
1.3. Merchant will address all inquiries and disputes regarding such Payouts, including with respect to tax reporting requirements, solely to Platform, and Affirm will have no obligation to answer such inquiries or resolve such disputes.
2. Communications. Communications, notices or other materials related to the Services may come from Platform or directly from Affirm.
3. Refunds. In the event of a refund in compliance with the Agreement, Merchant will refund Platform so that Platform may refund Affirm and Affirm may credit the applicable Customer’s balance. Partial refunds may be determined by Merchant alone or with Platform’s reasonable assistance.
4. Customer Dispute Resolution Procedures. In the event of a Merchant Customer Dispute that Merchant is unable to resolve, Merchant will first seek assistance from Platform prior to Affirm providing any assistance in facilitating resolution of such Merchant Customer Dispute in accordance with the Agreement unless otherwise communicated by Platform or Affirm.
5. Limitation of Liability. Notwithstanding anything to the contrary in the Merchant Agreement, Affirm’s liability for any Losses arising out of or relating to Affirm’s performance or failure to perform its obligations under the Agreement will be limited, in the aggregate, to five thousand dollars ($5,000.00).
6. Buy-Rate Merchants that are Marketplaces. A Merchant that has integrated Affirm through a Platform where such Merchant is (a) a marketplace, (b) the merchant of record for multiple accounts or (c) enabling any additional sellers to connect to Affirm must (i) ensure that Affirm’s marketing compliance guidelines as set forth by the Platform are made available to Merchant’s accounts integrated through the Platform, or (ii) ensure that such accounts do not offer or market Affirm to customers unless such offers or marketing have the required Affirm site messaging displayed, unless otherwise agreed to by Affirm.
7. Amendments. Notwithstanding anything to the contrary in the Agreement, Affirm may update, amend and/or change this Agreement (any such update, amendment or change, an “Amendment”). Merchant is advised to check the terms of this Agreement from time to time for any updates or changes that may be of impact. Merchant's continuing use of the Services constitutes Merchant's consent and agreement to such Amendments.
8. Inapplicable Provisions. The “Data Sharing / Performance” section within the Affirm Service Terms and all references to the “Order Form” in the Agreement do not apply.
