Description
The following defined terms appear in this Terms of Service for Customers. or “Organizer”: A customer that registers to use, or uses our service to make, designate , or process payment transactions from buyers. -Customer: A person that registers with the service as an organizer or a participant or is a beneficiary of group events. -Beneficiary: A person designated to receive the payment transaction. -Event: The pooling or aggregation of funds from customers via payment transactions. -ChipIn: A ChipIn is an event in which funds from multiple participants are pooled and are either sent to a recipient, or are used to purchase a gift. ChipIn, Incorporated is also the name of our company. -Payment Instrument: Credit cards, debit cards, and the PayPal service are all payment instruments. Credit cards and debit cards that are registered with the ChipIn service by customers to facilitate the processing of payment transactions must be associated with a billing address in the United States. However, customers using PayPal do not have to live in the United States, as PayPal accepts International currencies. -Payment Transaction: The processing of a payment through the service that results in the debiting or charging of the purchase amount to a customer’s payment instrument and the crediting of funds to a beneficiary. -Product: Any merchandise, good or service that a beneficiary may receive from customers using the service. -Purchase Amount: The dollar amount of an event payment transaction to pay for a product and any related fees, taxes or shipping charges, as applicable. -Service: The service, described in these Terms of Service for customers, facilitates the processing of payment transactions on behalf of an organizer for the benefit of a recipient.