Effective Date: May 10, 2026

This Merchant Agreement (“Agreement”) is entered into between Taro Enterprises (“Company,” “we,” “our,” or “us”) and the merchant, business, or individual (“Merchant,” “you,” or “your”) using our payment processing services.

By applying for, accessing, or using any services provided by Taro Enterprises, you agree to the terms outlined in this Agreement.

1. Services Provided

Taro Enterprises provides payment-related business services, including but not limited to:

Credit and debit card processing
Point-of-sale systems
Virtual terminals
Online payment solutions
ACH and electronic payment services
Payment hardware and terminals
Software integrations and related business tools

Services may be provided directly or through third-party banking institutions, processors, and financial partners.

2. Merchant Eligibility

To use our services, you must:

Operate a lawful business
Provide accurate and complete information
Maintain all required licenses and permits
Comply with all applicable laws, card network rules, and financial regulations

We reserve the right to approve, deny, suspend, or terminate any merchant account at our sole discretion.

3. Merchant Responsibilities

The Merchant agrees to:

Process only lawful and authorized transactions
Maintain accurate transaction records
Prevent fraudulent or unauthorized activity
Protect customer information and payment data
Immediately notify us of suspicious activity or security incidents
Comply with PCI DSS requirements and applicable payment industry standards

The Merchant is fully responsible for all transactions processed under its account.

4. Fees and Charges

Merchant agrees to pay all applicable fees associated with the services provided, including but not limited to:

Payment processing fees
Monthly service fees
Gateway or software fees
Equipment and terminal fees
Chargeback and dispute fees
ACH return fees
Additional service or compliance fees

Fees may be deducted directly from settlements or charged through authorized payment methods.

Taro Enterprises reserves the right to modify pricing or fees with reasonable notice.

5. Funding and Settlement

Approved transaction funds are generally deposited according to the processing schedule established during onboarding.

Settlement times may vary due to:

Banking delays
Fraud reviews
Chargebacks
Risk monitoring
Holidays or processing interruptions

Taro Enterprises does not guarantee specific funding timelines.

6. Chargebacks and Disputes

The Merchant is fully responsible for all chargebacks, retrieval requests, disputes, fines, penalties, and related costs associated with transactions processed through the account.

We reserve the right to:

Debit merchant accounts for chargebacks or fees
Hold reserves when necessary
Delay settlements during investigations
Request documentation related to disputed transactions

Excessive chargebacks may result in account suspension or termination.

7. Prohibited Businesses and Activities

Merchant may not use the services for:

Illegal products or services
Fraudulent or deceptive practices
Money laundering activities
Unauthorized resale of services
Restricted or prohibited industries determined by banking or card network rules

We reserve the right to immediately terminate accounts engaged in prohibited activity.

8. Equipment and Software

Any equipment, software, or terminals provided remain subject to the terms established during purchase, rental, lease, or subscription.

The Merchant agrees:

To use equipment properly
Not to tamper with security features
To return leased equipment when required
To remain responsible for damaged or unreturned equipment

9. Data Security and Compliance

Merchant agrees to maintain commercially reasonable security practices and comply with:

PCI DSS standards
Applicable privacy laws
Card network operating regulations

Merchant is responsible for maintaining the confidentiality and security of customer payment information.

10. Account Monitoring and Risk Review

Taro Enterprises may monitor account activity for:

Fraud prevention
Compliance verification
Risk management
Regulatory obligations

We may request additional documents, identification, banking verification, or transaction information at any time.

Failure to provide requested information may result in delayed funding, account suspension, or termination.

11. Limitation of Liability

To the maximum extent permitted by law, Taro Enterprises shall not be liable for:

Indirect or consequential damages
Lost revenue or profits
Delayed settlements
Processor or banking interruptions
Unauthorized third-party actions
Data breaches outside our reasonable control

Our total liability shall not exceed the fees paid by the Merchant during the previous three months.

12. Indemnification

Merchant agrees to indemnify and hold harmless Taro Enterprises, its affiliates, partners, processors, and employees from claims, liabilities, losses, damages, penalties, costs, and expenses arising from:

Merchant’s business operations
Merchant’s transactions
Violations of laws or regulations
Breach of this Agreement

13. Termination

Either party may terminate this Agreement subject to any separate written equipment, subscription, or processing commitments.

Taro Enterprises may immediately suspend or terminate services if:

Fraud or excessive risk is detected
Merchant violates this Agreement
Required documentation is not provided
Processing partners require termination

Termination does not remove outstanding payment obligations, chargebacks, fees, or liabilities.

14. Governing Law

This Agreement shall be governed by the applicable laws of the jurisdiction in which Taro Enterprises operates, without regard to conflict of law principles.

15. Modifications

Taro Enterprises reserves the right to update or modify this Agreement at any time. Updated versions will be posted on our website and become effective upon posting unless otherwise stated.

Continued use of services after modifications constitutes acceptance of the updated Agreement.

16. Contact Information

For questions regarding this Merchant Agreement, contact:

Taro Enterprises
Phone: +1 (248) 885-2117
Email: info@taroenterprises.com