The term of this Agreement commences once your Partner Referral Application has been approved.
Either party may terminate this agreement at any time, with or without cause, by giving the other party 30 day’s written notice of termination. You are only eligible to earn referral fees on transactions that occur for the duration of the agreement term.
SQID Payments retains sole discretion to set and vary from time to time the fees it charges, subject to any restrictions therein. Commission paid on your clients transaction fees are up to 20% of the Basic Plan, 10% of Growth Plan, and 10% of the Professional Plan with any commissions on all other custom fee structures by mutual agreement.
Commission payments are calculated by applying the agreed commission rate to SQID Payment Gateway percentage fee amounts applied by SQID Payments for the processing of standard domestic card transactions from merchants referred by the Referral Partner. For example a merchant on a basic plan at a 2% rate will provide 0.4% of the transaction value to the referral partner.
The commission payments will be paid by direct bank deposit into the nominated bank account that is submitted on the Partner Referral Application Form. Commission payments will be made every day on which the referred merchant eligible transactions are settled. Commission payments are not available on refund fees, chargeback fees, and transactions from non standard domestic cards.
SQID Payments reserves the right to withhold, in its absolute discretion, a commission payment or any part thereof until such time as payment of the transaction is settled and is not in dispute or deemed to be fraudulent. In the event a commission payment is paid by SQID Payments in good faith and the transaction or subsequent transactions are related is later disputed or deemed fraudulent to which the commission relates is not, SQID Payments may deduct the applicable commission payments from any future commission payment and if no such payment is made, can recover such commission payments from the Referral Partner through our direct debit agreement. Commission distributions are adjusted for refunds and chargebacks and any related fees.
Commissions will not be paid on any component of any Invoice that relates to development, customisation or programming work and any recovery of out of pocket expenses relating to telephony, or an Invoice rendered to a Client that is the Applicant or any party related of the Applicant.
SQID Payments is not liable for, and the Referral Partner indemnifies SQID Payments from and against, any damage or loss (including all direct and indirect damages, losses, costs and expenses) incurred by the Referral Partner or Client after the Services have been provided, except to the extent that such damage or loss is a direct result of SQID Payment’s written instructions.
Fraudulent or other unacceptable behaviour as defined and determined by SQID Payments can result in termination of referral partner/client relationship or termination of partner account entirely without notice to, or recourse for, the SQID Payments Referral Partner.
The Referral Partner or SQID Payments can terminate this Agreement at any time, with or without cause, effective immediately upon 30 days written notice to SQID Payments.
You may not assign this Agreement, by operation of law or otherwise, without our prior written consent. Subject to that restriction, this agreement will be binding on, inure to the benefit of and be enforceable against the parties and their respective successors and assigns.
We may modify any of the terms and conditions contained in this agreement, at any time and in our sole discretion. If the Referral Partner does not agree to any such update, they may terminate this Agreement within 30 days in writing of the update being published on www.sqidpayments.com.au .
This Agreement shall be deemed to be made in the State of Queensland and shall in all respects be interpreted, construed, and governed by and in accordance with the laws of Queensland, Australia, exclusive of the laws relating to conflict of laws. Our failure to enforce strict performance of any provision of this Agreement will not constitute a waiver of our right to subsequently enforce such provision or any other provision of this Agreement.