Question 1

What are the key terms in the Armour Payments service agreement?

Accepted Answer

The key terms in the Armour Payments service agreement include service and support provisions, fees and payment terms, contract term and termination policies, confidentiality requirements, indemnification clauses, and governing law. The agreement covers payment processing services, billing terms, termination fees, and legal obligations for both parties.

Question 2

What are the payment terms and fees for Armour Payments services?

Accepted Answer

Armour Payments issues monthly invoices at the beginning of each month, with payments due by the 15th. Late payments incur a $100 NSF fee and 3% monthly interest. Initial fees are invoiced upon contract execution. Custom development requires 50% deposits. Pricing may increase up to 5% during renewal periods. Payment methods include Pre-Authorized Debit/ACH or Electronic Funds Transfer.

Question 3

How can I terminate my Armour Payments agreement?

Accepted Answer

To terminate your Armour Payments agreement, you must provide 30 days' notice before the end of the current term. The agreement automatically renews for 12-month terms unless terminated. A termination fee applies, calculated as the remaining contract value based on the highest monthly fee within the last 12 months. Armour reserves the right to suspend services for payment failures.

Question 4

What support is included in the Armour Payments service agreement?

Accepted Answer

Armour Payments provides 24/7 self-serve support via the online portal. Dedicated client assistance is available during regular business hours (Monday to Friday, 8 a.m. to 6 p.m. EST) based on your selected service tier. The agreement grants a non-exclusive, non-transferable license to access and use the payment processing platform.

Question 5

What governing law applies to the Armour Payments agreement?

Accepted Answer

The governing law depends on the contracting entity. For agreements with Armour Payment Solutions Inc., the governing law is the Province of Ontario, with exclusive jurisdiction of Ontario courts. For agreements with Armour Payments LLC, the governing law is the State of Wyoming USA, with exclusive jurisdiction of Wyoming courts. Both parties agree to the applicable jurisdiction.

TERMS OF SERVICE