These terms (“Stripe EFS Issuing Platform Terms”) supplement the General Terms and, together with the Stripe Financial Services Terms, Stripe Connect Infrastructure Terms, and Stripe Connect Platform Terms, each of which are incorporated into these terms by this reference, govern User’s participation in the Stripe Issuing Programs as a Stripe Connect Platform. If User receives Cards and otherwise participates in the Stripe Issuing Programs as a Stripe Issuing Accountholder, the Stripe Issuing Accountholder Terms apply. Capitalized terms that are not defined in these terms have the same meanings given to them in the General Terms, Stripe Financial Services Terms, and Stripe Connect Infrastructure Terms.

Except with respect to SMR Connected Accounts to the extent stated in Section 3.2 of the Stripe Connect Terms (Liability for SMR Connected Accounts), User is liable to Stripe for fees User and User’s Stripe Issuing Accountholders incur. Subject to these Stripe Issuing Platform Terms, the Documentation, the Card Network Rules and Law, User may pass certain fees onto the applicable Stripe Issuing Accountholders. User must not pass any fees to any Stripe Issuing Accountholder that are attributable to (a) a Stripe Issuing Accountholder’s use of Apple Pay or any other digital wallet; or (b) a Card Transaction that was disputed because it was fraudulent or otherwise unauthorized. User is solely responsible for communicating any use, recurring, or application fees charged to User’s Stripe Issuing Accountholders for their use of Platform Services in connection with the Stripe Issuing Services, and must clearly communicate those fees to Stripe Issuing Accountholders prior to imposing such fees. Stripe, on behalf of the applicable Issuing Bank, may review the fees User charges User’s Stripe Issuing Accountholders in connection with the Stripe Issuing Services to determine whether the fees comply with that Issuing Bank’s requirements, the Card Network Rules and Law. If Stripe determines the fees do not comply, User must immediately modify the fees as Stripe directs.

Section 4 of the Stripe Connect Platform Terms (Tax Reporting; Tax Invoicing) describe how Stripe will issue Tax Information Reports, if applicable. 

Except as expressly provided in this Agreement, and without prejudice to the Stripe Connect Terms, User is responsible for all Activity relating to the Stripe Issuing Program, whether initiated by User, a Stripe Issuing Accountholder, an Issuing Authorized User, or any person using User’s credentials, including (a) in violation of this Agreement, or the applicable Card Network Rules; (b) all Card Transactions on the Stripe Issuing Account; and (c) any fees, losses, damages, or costs that Stripe incurs arising out of or relating to that Activity (except in each case with respect to SMR Connected Accounts to the extent stated in Section 3.2 of the Stripe Connect Terms (Liability for SMR Connected Accounts)). Stripe may attempt to collect any amounts owed by Stripe Issuing Accountholders before Stripe collects these amounts from User. However, except with respect to SMR Connected Accounts to the extent stated in Section 3.2 of the Stripe Connect Terms (Liability for SMR Connected Accounts), User remains jointly and severally liable to Stripe for these amounts, and Stripe may collect these amounts from User in accordance with this Agreement.

User must secure Cards and Personal Data in User’s possession or control, and User must ensure that User’s Stripe Issuing Accountholders secure Cards and Personal Data in their possession or control. When stored or processed digitally, User must use appropriate organizational and technical measures to secure the Cards and Personal Data in User’s possession or control, including through industry-standard encryption. Except in each case with respect to SMR Connected Accounts to the extent stated in Section 3.2 of the Stripe Connect Terms (Liability for SMR Connected Accounts), User must monitor, and User must ensure that User’s Stripe Issuing Accountholders monitor, suspicious and unauthorized activities and fraud on each Stripe Issuing Accountholder’s Stripe Issuing Account and each Card.

Except in each case with respect to SMR Connected Accounts to the extent stated in Section 3.2 of the Stripe Connect Terms (Liability for SMR Connected Accounts), User is responsible for all fees and penalties incurred resulting from a Stripe Issuing Accountholder or Issuing Authorized User’s failure to (a) exercise reasonable care in safeguarding Cards from loss or theft, or (b) promptly report loss or theft, including fraud. Additionally, to the extent Law permits, and except in each case with respect to SMR Connected Accounts to the extent stated in Section 3.2 of the Stripe Connect Terms (Liability for SMR Connected Accounts), if User, a Stripe Issuing Accountholder or a Issuing Authorized User allows another party to use the Card or Personal Data for any purpose, or if an unauthorized person uses a Card or Personal Data, User is responsible for that use, including all losses, damages, costs, fines, fees, or penalties related to that use.

User will indemnify the Stripe Parties against all Stripe Losses arising out of or relating to (a) the Stripe Issuing Accountholders’ and Issuing Authorized Users’ use of the Stripe Issuing Accountholder Services, including any Stripe Issuing Accountholder’s or Issuing Authorized User’s act or omission related to the Stripe Issuing Accountholder Services; and (b) all unauthorized or disputed Card Transactions, except in each case with respect to SMR Connected Accounts to the extent stated in Section 3.2 of the Stripe Connect Terms (Liability for SMR Connected Accounts).