• ERAD-RECOVERY AGREEMENT

  • Agency will use EGI’s ERAD-Recovery software (“Product”) to access the client processing service described herein (“Payment Processing Service”) in order to: (i) determine relevant issuer and processor information from prepaid access devices and other payment cards; (ii)identify the monetary amount of funds stored on prepaid access cards and other prepaid access devices; and (iii) freeze and seize funds on prepaid access cards, prepaid access devices, and debit cards for subsequent deposit to an authorized depository account owned and controlled by Agency.

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  • Agency shall pay EGI the following fees:

    EGI Pass-Through Fees Agency must pay any fees, anticipated returns, fines or other third party charges associated with use of the Product (collectively, “Pass-Through Fees”), including, chargeback fees, retrievals and fines.

    Fees.
    Agency shall pay EGI the following fees:

        Annual Enterprise License for 5 Users and 5 USB Readers.         $828.00
        Prepaid Card Seizure Processing Up to $5,000.00 Per Year.        Included
        Additional Prepaid Card Seizure Fee - 6% of Seizure Amount

    Agency must pay any fees, anticipated returns, fines or other third party charges associated with use of the Product (collectively, "Pass-Through Fees"), including chargeback feed, retrievals and fines. 

    Payment Processing Service. Agency shall use the Product to access the Payment Processing Service.

    Exclusivity. EGI shall be the sole and exclusive provider of the Payment Processing Service to Agency and its affiliates, and neither Agency nor any of its affiliates shall engage a third party to provide the same or similar service, nor shall Agency provide same on its own behalf.

    By signing below, you agree to the terms of this Agreement and the ERAD Agreement General Terms & Conditions version 2.1 incorporated herein by reference.

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    ERAD-Recovery Annual Subscription - SRLEEA ERAD Annual Recurring Subscription
    $ 828.00
       
    ERAD-Recovery Monthly Subscription - SRLEEA ERAD Monthly Recurring Subscription
    $ 69.00
       
    Total
    $ 0.00

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