Terms of Service
All Colleges and Universities that is/are listed as one of the participating schools is not and will not be responsible for any messaging and/or transactions taking place through the HBCU Wall Street mobile application. As a user of this HBCU Wall Street mobile application we will not share your credit or debit card information with any organization.
Please understand that when you give to a University or set up your profile using HBCU Wall Street, you are also setting up an account with our payment processor Stripe.
Via Stripe, we accept payment and store data. Stripe nor we share or sell your profile or payment profile with any third party.
This Stripe Services Agreement (“Agreement”) is a legal agreement between Stripe, Inc. and the entity or person (“you”, “your”, or “user”) who registered on a Stripe Account via HBCU Wall Street page to receive certain payment, analytics, and other business services that may be offered by Stripe and its affiliates (each, a “Service”). This Agreement describes the terms and conditions that apply to your use of the Services.
You may not access or use any Services unless you agree to abide by all of the terms and conditions in this Agreement.
Registering for an Account
To register for an HBCU Wall Street profile/ Stripe Account, you or the person or people setting up the account must truthfully provide us with your first and last name, email, zip code, amount given, University attended and graduation date. It is possible that we may grow your profile to include birthdate and location. If we find that you have provided false information, we have the right to close your account.
Services and Stripe Account Support
We will provide you with support to resolve general issues relating to your HBCU Wall Street/Stripe Account and your use of the Services.
related to your products and services and business activities. We are not responsible for providing support or the Services to your Customers unless we agree to do so in a separate agreement with you or one of your Customers.
Service Limitations, Prohibited Activities, and Security Controls
a. Compliance with Applicable Laws: You must use the Services in a lawful manner, and must obey all laws, rules, and regulations (“Laws”) applicable to your use of the Service and to Transactions. As applicable, this may include compliance with domestic and international Laws related to use or provision of financial services, notification and consumer protection, unfair competition, privacy, and false advertising, and any other Laws relevant to Transactions.
b. Other Restricted Activities: You may not use the Services to facilitate illegal Transactions or to permit others to use the Services for noncommercial, personal, or household purposes. In addition, you may not allow, and may not allow others to: (i) access or attempt to access non-public Stripe systems, programs, data, or services; (ii) copy, reproduce, republish, upload, post, transmit, resell, or distribute in any way data, content, or any part of the Services, Documentation, or our website except as expressly permitted by Laws; (iii) act as service bureau or pass-through agent for the Services with no added value to Customers; (iv) transfer any rights granted to you under this Agreement; (v) work around any of the technical limitations of the Service or enable functionality that is disabled or prohibited; (vi) reverse engineer or attempt to reverse engineer the Service except as expressly permitted by Laws; (vii) perform or attempt to perform any actions that would interfere with the normal operation of the Service or affect use of the Service by our other users; or (ix) impose an unreasonable or disproportionately large load on the Service.
c. Security Controls: We may provide or suggest security procedures and controls intended to reduce the risk to you of fraud (“Security Controls”). You agree to review the Security Controls and the Documentation that we provide to you, and to select the Security Controls that meet your business requirements. If you believe that the Security Controls we provide are insufficient, then you agree to separately implement additional controls that meet your requirements.
Suspicion of Unauthorized or Illegal Use
We may refuse, condition, or suspend any Transactions that we believe may violate this Agreement or other agreements you may have with us or Stripe; or that expose us, Stripe, or others to risks unacceptable to HBCU Wall Street and Stripe. If we suspect or know that you are using or have used the Services for unauthorized, fraudulent, or illegal purposes, we may share any information related to such activity with the appropriate financial institution, regulatory authority, or law enforcement agency consistent with our legal obligations. This information may include information about your HBCU Wall Street, your Stripe Account, your Customers, and Transactions made through your use of the Services.
Disclosures and Notices; Electronic Signature Consent
a. Consent to Electronic Disclosures and Notices: By registering for a Stripe Account, you agree that such registration constitutes your electronic signature, and you consent to electronic provision of all disclosures and notices from Stripe (“Notices”), including those required by Law. You also agree that your electronic consent will have the same legal effect as a physical signature.
a. Term and Termination: This Agreement is effective upon the date you first access or use the Services and continues until terminated by you HBCU Wall Street or Stripe. You may terminate this Agreement by closing your HBCU Wall Street/Stripe Account at any time by emailing us here: firstname.lastname@example.org, subject header listed as: Cease to Use the Service.
If you use the Service again or register for another Stripe Account, you are consenting to this Agreement. We may terminate this Agreement or close your HBCU Wall Street/Stripe Account at any time for any reason by providing you Notice. We may suspend your HBCU Wall Street/Stripe Account and your ability to access give funds in your HBCU Wall Street/Stripe Account, or terminate this Agreement, if (i) we determine in our sole discretion that you are ineligible for the Service because of significant fraud or credit risk, or any other risks associated with your Stripe Account; and (ii) you use the Services in a prohibited manner or otherwise do not comply with any of the provisions of this Agreement; or (iii) any Law or Financial Services Provider requires us to do so.
b. Effects of Termination: Termination does not immediately relieve you of obligations incurred by you under this Agreement. Upon termination, you agree to (i) complete all pending Transactions, (ii) stop accepting new Transactions through the Service. Your continued or renewed use of the Service after all pending Transactions have been processed serves to renew your consent to the terms of this Agreement.
You may use the Services to upload or publish appropriate text, images, and other content (collectively, “Content”) to your HBCU Wall Street account. Any content that compromises our values, message and brand will be removed at our discretion.
Payment Services via Stripe
Payment Services Overview
Stripe provides us Payment Services through various Financial Services Providers, including Stripe Payments Company (“SPC”). Payment Services allow us to accept payment from our HBCU Wall Street. Stripe may limit or refuse to process Charges (as defined below) for any Prohibited Businesses, or for Charges submitted in violation of this Agreement.
“Refund” means an instruction initiated by you to return funds to for an existing Charge.
“Dispute” means an instruction initiated by the Customer with a Financial Services Provider or us to return funds for an existing Charge (including a chargeback on a payment card network and a dispute on the Automated Clearinghouse (ACH) network).
“Reversal” means an instruction initiated by a Financial Services Provider or us or Stripe to return funds for an existing Charge. Reversals may result from (i) invalidation of a charge by a Financial Services Provider; (ii) funds settled to you in error or without authorization; and (iii) submission of a Charge in violation of Network Rules, or where submission of the Charge or your use of Payment Services violates this Agreement.
“Return” means an instruction initiated by you, a Customer, or a Financial Services Provider to return funds unrelated to an existing Charge.
“Transfer” means an instruction to credit funds to or debit funds from an account you designate with a Financial Services Provider.
“Fine” means any fines, levies, or other charges imposed by us or a Financial Services Provider caused by your violation of Laws or this Agreement, or as permitted by Network Rules.
“Network Rules” means the guidelines, bylaws, rules, and regulations imposed by the Financial Services Providers that operate payment networks supported by Stripe (including the payment card network operating rules for Visa, MasterCard, Discover or the American Express networks; and the NACHA operating rules governing the ACH network).
If for any reason you need a refund please see the FAQs below.
If for any reason you need to dispute a transaction send us an email here: email@example.com. We will connect you to Stripe, our payment processor, to resolve the problem the best we can.
If for any reason your card is denied, reversed or it results in a chargeback, you are liable for the fees accrued (if any) via our payment processor, Stripe.
The following terms used in this section relate to your use of Payment Services:
“Charge” means a credit or debit instruction to capture funds from an account that a Customer maintains with a bank or other financial institution for in connection with a Transaction.
Financial Services Providers
To use the Payment Services, you must agree to additional terms of service between us and one or more of Stripe, a Stripe affiliate, or a Financial Services Provider (“Financial Services Terms”). In addition, unique terms and conditions may also apply specific payment methods or networks (“Payment Terms”). By using the Payment Services, you agree to the Financial Services Terms and applicable Payment Terms as set out on by Stripe’s legal page (including those that separately bind you with Financial Services Providers or payment method providers). An example of the Financial Services Terms is the Wells Fargo Addendum.
We may add or remove Financial Services Providers or payment methods at any time. The Financial Service Terms and Payment Terms may also be amended from time to time. Your continuing use of the Payment Services constitutes your consent and agreement to such additions, removals and amendments.
Section D: Data Usage, Privacy, and Security
Data Usage Overview
Protecting, securing, and maintaining the information processed and handled through the Services is one of our top priorities. This section describes our respective obligations when handling and storing information connected with the Services. The following terms used in this section relate to data provided to Stripe by us and you, or received or accessed by you through your use of the Services:
“Personal Data” means information that identifies a specific living person (not a company, legal entity, or machine) and is transmitted to or accessible through the Services.
“User Data” means information that describes your business and its operations, your products or services, and orders placed by Customers.
“Payment Data” means payment account details, information communicated to or by Financial Services Providers, financial information specifically regulated by Laws and Network Rules, and any other information used with the Payment Services to complete a Transaction.
“Stripe Data” means details of the API transactions over Stripe infrastructure, information used in fraud detection and analysis, aggregated or anonymized information generated from Data, and any other information created by or originating from Stripe or the Services.
The term “Data” used without a modifier means all Personal Data, User Data, Payment Data, and Stripe Data.
Stripe processes, analyzes, and manages Data to: (a) provide Services to you, other Stripe users, and Customers; (b) mitigate fraud, financial loss, or other harm to users and Customers; and (c) analyze and improve our products, systems, and tools. Stripe provides Data to third-party service providers, including Financial Services Providers and their affiliates, to assist in our providing Services to you and other users. We do not provide Personal Data to unaffiliated parties for marketing their products to you.
Data Protection and Privacy
a. Confidentiality: HBCU Wall Street and Stripe will maintain User Data in our possession as your confidential information, and will only use such User Data as permitted by this Agreement, by other agreements between you and us, or as otherwise directed by you. We do not disclose Payment Data to others except in connection with processing Transactions requested by Customers and consistent with applicable Laws and Network Rules.
We will comply with our obligations under Law if we become aware that we caused a loss, theft, or breach of a Customer’s Personal Data. We will also notify you and provide you sufficient information regarding the loss, theft or breach to help you mitigate any negative impact on the Customer.
c. PCI Compliance: We are PCI compliant, meaning we comply with the Payment Card Industry Data Security Standards (PCI-DSS) and, if applicable to your business, the Payment Application Data Security Standards (PA-DSS) (collectively, the “PCI Standards”). Stripe provides tools to simplify our compliance with the PCI Standards.
Security and Fraud Controls
a. Stripe’s Security: Stripe is responsible for protecting the security of Data in our possession. They will maintain commercially reasonable administrative, technical, and physical procedures to protect User Data and Personal Data stored in our servers from unauthorized access, accidental loss, modification, or breach, and we will comply with applicable Laws and Network Rules when they handle User and Personal Data. However, no security system is impenetrable and they cannot guarantee that unauthorized parties will never be able to defeat our security measures or misuse any Data in our possession. We provide User Data and Personal Data to Stripe with the understanding that any security measures they provide may not be appropriate or adequate, and agree to implement the Security Controls and any additional controls that meet your specific requirements. In their sole discretion, they may take any action, including suspension of your HBCU Wall Street/Stripe Account, to maintain the integrity and security of the Services or Data, or to prevent harm to you and us.
c. Security and Fraud Controls: We may provide or suggest Security Controls to you, but we cannot guarantee that you or Customers will never become victims of fraud. Any Security Controls we provide or suggest may include processes or applications developed by Stripe, its affiliates, or other companies. You agree to review all the Security Controls we suggest and choose those that are appropriate for your business to protect against unauthorized Transactions and, if appropriate for your business, independently implement other security procedures and controls not provided by us. If you disable or fail to properly use Security Controls, you will increase the likelihood of unauthorized Transactions, Disputes, fraud, losses, and other similar occurrences. Keep in mind that you are solely responsible for losses you incur from the use of lost or stolen payment credentials or accounts by fraudsters who engage in fraudulent Transactions with you, and your failure to implement Security Controls will only increase the risk of fraud. We may assist you with recovering lost funds, but you are solely responsible for losses due to lost or stolen credentials or accounts, compromise of your username or password, changes to your Payout Account, and any other unauthorized use or modification of your Stripe Account. Stripe is not liable or responsible to you and you waive any right to bring a claim against us for any losses that result from the use of lost or stolen credentials or accounts to engage in fraudulent Transactions, unless such losses result from Stripe’s willful or intentional actions. Further, you will fully reimburse us for any losses we incur that result from the use of lost or stolen credentials or accounts.
We may also provide you with subjective Data regarding the possibility or likelihood that a Transaction may be fraudulent that require action or review by you. We may incorporate action or inaction by you into any such subjective scoring when identifying future potential fraud. You understand that we provide this Data to you for your consideration, but that you are ultimately responsible for any actions you choose to take or not take in relation to such Data, and for providing inaccurate or incorrect information to us. You are solely responsible for any action or inaction you take based on such Data.
Right to Amend
We have the right to change or add to the terms of this Agreement at any time, and to change, delete, discontinue, or impose conditions on use of the Service by posting such changes on our website or any other website we maintain or own. We may provide you with Notice of any changes through our website, application, via email, or through other means. Your use of the Service after we publish any such changes on our website and or application constitutes your acceptance of the terms of the modified Agreement.