Weixin Payment Cross-Border Acquiring Service Agreement

2. “WeChat Pay Institution” refers to the entity that accepts the merchant`s commission to provide acquisition services to the distributor and helps the merchant accept the WeChat Pay service. 4.2 If MERCHANT opts for its own integrated cash register system, it is then responsible for setting up the hardware platform and pays the corresponding equipment and communication costs. Payxpert supports payXPERT-recognized technologies to ensure the security, stability and feasibility of cooperation between the parties and must not use equipment or human resources that may affect information security and ensure security and confidentiality when transmitting payment information. 2.17 Technical assistance and equipment services are provided by the group`s technical department. It becomes a little more complicated when you deal with cross-border transactions. Suddenly you have a few decisions to make: 3.3. Request on sales documentation . The trader understands that his inability to respond in a timely manner to a request for information or documents can lead to a return of load. Report on fraud or other types of litigation, administrative complaints, recognition of transactions as non-legitimate and, ultimately, penalty by card systems, payment service providers, payment institutions and regulators, as well as discontinuation of transaction processing 4.17 MERCHANT, acquiring device and bank settlement account acquiring can only be used for the purposes of the agreement, and cannot assist or assist other fraud or illegal activity. 9.1.

The Distributor will immediately make available to PayXpert all information and documents that PayXpert can request at any time in order to enable PayXpert to meet all legal requirements relating to its services, including the 2019 money laundering regulations and the European Parliament and Council Directive (EU) 2018/843 of 30 June 2018. Directive (EU) 2015/849 on the prevention of the use of the financial system for money laundering or terrorist financing (EU) 2015/849 (2009/138/EC and 2013/36/EU, rules and procedures and procedures for payment service providers, laws and rules applicable to the merchant and the jurisdiction of payment service providers and payment systems.

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