Transaction Terms of Service

By using World Live Mall. (“WLM,” “we,” “our,” or “us”) order processing services (“Transaction Services”) provided by Kind Base Inc as the platform operator ("Platform", "KB") , you agree to be bound by the General Terms of Service (“General Terms”), these additional terms and conditions (“Transaction Terms”) and all other terms, policies and guidelines applicable to the Services (as defined in the General Terms) used. If you are using the Transaction Services on behalf of a business, that business accepts these terms. Transaction Services may only be used for business purposes in the fifty states of the United States of America and the District of Columbia. Defined terms will have the same meaning as those found in the General Terms, unless otherwise re-defined herein.

Transaction Services

1. Our Role
WLM is a art marketplace and order management service provider that allows customers to pay by credit cards for the payment for goods and services. We are not a bank and do not offer banking services as defined by the United States Department of Treasury. Our Transaction Services allow customers to make purchases using any US-issued and most non-US issued credit, debit, prepaid, or gift cards (“Cards”) bearing the trademarks of American Express Travel Related Services Company, Inc. (“American Express”), DFS Services, LLC (“Discover”), MasterCard International Inc. (“MasterCard”) and Visa Inc. (“Visa”) (collectively, the “Networks”). You are not required to accept any card brand as a condition of receiving the Transaction Services. We may remove or add Cards that we accept at any time without prior notice.
In order to serve in this role, we must enter into agreements with Networks, processors and acquiring banks. By accepting or otherwise agreeing to these Transaction Terms, you agree to the terms and conditions of the payment Networks, processors and acquiring banks as it pertains to the acceptance of Cards.

2. Your Authorization
In connection with the Transaction Services, you authorize us to act as the merchant of record and an agent for the limited purposes of holding, receiving, and disbursing funds for the merchandise offered by you. Your authorization permits us to generate a paper draft or an electronic funds transfer to settle the proceeds of each Card transaction that you authorize, less any applicable Fees (as defined in Section 4) (“Proceeds”). Your authorizations will remain in full force and effect until your WLM Account is closed or terminated. Our receipt of transaction funds satisfies your customer’s obligations to make payment to you. We will remit to you funds actually received by us on your behalf, less amounts owed to us, subject to any Chargeback (as defined in Section 18) or Reserve (as defined in Section 14) withheld or applied. This authorization also permits us to debit any of your linked bank accounts at any time for the purposes specified in these Transaction Terms and the General Terms. You also agree to be bound by any applicable rules of the National Automated Clearing House Association.

3. Prohibited Industries
You may not use the Transaction Services for the following businesses or business activities: (1) any illegal activity or goods, (2) paraphernalia that may be used for illegal activity (3) buyers or membership clubs, including dues associated with such clubs, (4) credit counseling or credit repair agencies, (5) credit protection or identity theft protection services, (6) direct marketing or subscription offers or services, (7) infomercial sales, (8) internet/mail order/telephone order pharmacies or pharmacy referral services (where fulfillment of medication is performed with an internet or telephone consultation, absent a physical visit, including re-importation of pharmaceuticals from foreign countries), (9) unauthorized multi-level marketing businesses, (10) inbound or outbound telemarketers, (11) prepaid phone cards or phone services, (12) rebate based businesses, (13) up-sell merchants, (14) bill Transaction Services, (15) betting, including lottery tickets, sports related gambling, casino gaming chips, off-track betting, and wagers at races, (16) manual or automated cash disbursements, (17) prepaid cards, checks, insurance or other financial merchandise or services, (18) sales of money-orders or foreign currency, (19) wire transfer money orders, (20) high-risk products and services, including telemarketing sales, (21) automated fuel dispensers, (22) adult entertainment oriented products or services (in any medium, including internet, telephone, or printed material), (23) sales of (i) firearms, firearm parts or hardware, and ammunition; or (ii) weapons and other devices designed to cause physical injury (24) internet/mail order/telephone order of age restricted products (e.g., tobacco), (25) occult materials, (26) hate or harmful products, (27) escort services, or (28) bankruptcy attorneys or collection agencies engaged in the collection of debt.

4. Our Fees
You agree to pay the applicable fees listed on our Fee Schedule (“Fees”) for use of the Transaction Services. All Fees are charged at the time we process a transaction and are deducted first from the transferred or collected funds and thereafter from the Balance (as defined in Section 15) in your WLM Account. Subject to the General Terms and these Transaction Terms, we reserve the right to change our Fees upon thirty (30) days’ advance notice. You must agree to the change in Fees to continue to use the Transaction Services. All Balances and all Fees, charges, and payments collected or paid through the Transaction Services are denominated in US dollars.

5. Processing Errors
We will attempt to fix processing errors we discover. If the error resulted in your receipt of fewer funds than you were entitled, we will credit your WLM Account for the difference. If the error results in your receipt of more funds than you were entitled, WLM will debit the extra funds from your WLM Account or your linked bank account. We will only correct transactions that you process incorrectly if you notify us of such an error. Your failure to notify us of a processing error within thirty (30) days of when it first appears on your electronic transaction history will be deemed a waiver of any right to amounts owed to you. Payment Account Setup

6. WLM Account Registration for Transaction Services
You must open a WLM Account to access any Proceeds. You confirm that you are either a legal resident of the United States, a United States citizen, or a business entity authorized to conduct business by the state(s) in which you operate and that you are an authorized signatory for the business you represent. You must use your or your business’ true and accurate name when opening a WLM Account. This name will appear on the credit or debit card statements of your customers for all payments you accept using the Transaction Services.

7. Identity Verification
WLM will review the information you submit while signing up for the Transaction Services. You authorize WLM to request identity verifying information about you, including a consumer report that contains your name and address. WLM may periodically obtain additional reports to determine whether you continue to meet the requirements for a WLM Account. You permit WLM to share information about you and your application (including whether you are approved or declined), and your WLM Account with your bank or other financial institution, or as otherwise specified in the Privacy Policy. WLM or its processor and/or acquiring bank may conclude that you will not be permitted to use the Transaction Services.

8. Requests for Additional Information and Inspection
WLM may request additional information from you at any time. For example, WLM may ask you to present invoices from your suppliers, a government issued identification such as a passport or driver’s license, a business license, or other information. WLM may also ask for permission to inspect your business location. If you refuse any of these requests, your WLM Account may be suspended or terminated.

Use of Your WLM Account for Transaction Services

9. Access to Proceeds
We will settle Proceeds to your verified bank account, subject to the payout schedule described in Section 11. If WLM is not able to debit or credit the bank account you link to your WLM Account, that bank account will be de-linked from your WLM Account. If you do not have an ACH-enabled bank account linked to your WLM Account, you may request a physical check for Proceeds. Check requests may be subject to a processing fee and an identity verification process. You must request a check or link an ACH-enabled bank account to your WLM Account in order to receive your Proceeds.

10. Right of Setoff
To the extent permitted by applicable law, you grant us a security interest in, as well as a right of setoff against, and assign, convey, deliver, pledge and transfer to us, as security for repayment of any obligations due under these Transaction Terms, all of your right, title, and interest in and to all of your accounts with us. You authorize us, without prior notice to you and irrespective of (i) whether we have made demand under these Transaction Terms or any other related agreements; and (ii) whether the obligation is contingent, matured or unmatured, to the extent permitted by law, to collect, charge, and/or setoff all sums owing on the indebtedness against any and all such accounts and other obligations, and our option, to administratively freeze or direct any third party bank holding the account to freeze all such accounts to allow us to protect our security interest, collection, charge and setoff rights as provided for in this section.

11. Payout Schedule
WLM will automatically initiate a payout of Proceeds to your valid, linked US bank account at the end of the business day before 4 p.m. PT (7 p.m. ET). WLM will initiate a payout of Proceeds received on non-business days before the end of next business day. WLM does not control the time it takes for banks to process ACH transactions, and thus availability of funds is subject to banks processing time and delays.

12. Availability of Proceeds
We may defer payout or restrict access to your Proceeds if we need to conduct an investigation or resolve any pending dispute related to your use of the Services. We also may defer payout or restrict access to your Proceeds as necessary to comply with applicable law or court order, or if requested by any governmental entity.

13. WLM Account History
When a payment is made to your WLM Account, we will update your WLM Account activity on the website and provide you a transaction confirmation. The confirmation will serve as your receipt. Summaries of your WLM Account activity, including monthly statements, are available on our website for up to one year of account activity. Except as required by law, you are solely responsible for (a) compiling and retaining permanent records of all transactions and other data associated with your WLM Account and your use of the Transaction Services, and (b) reconciling all transactional information that is associated with your WLM Account. If you believe that there is an error or unauthorized transaction activity is associated with your WLM Account, you must contact us immediately. 14. Reserve for Holding Funds We may withhold funds by temporarily suspending or delaying payouts of Proceeds to you and/or designate an amount of funds that you must maintain in your WLM Accounts or in a separate reserve account (a “Reserve”) to secure the performance of your obligations under any agreement between you and WLM. We may require a Reserve for any reason related to your use of the Services. The Reserve will be in an amount as reasonably determined by us to cover potential losses to WLM. The Reserve may be raised, reduced or removed at any time by WLM, in its sole discretion, based on your payment history, a credit review, the amount of any arbitration award or court judgment against you in WLM’s favor, or otherwise as WLM or its processor may determine or require. If you do not have sufficient funds in your Reserve, we may fund the Reserve from any funding source associated with your WLM Accounts, including any funds (a) deposited by you, (b) due to you, or (c) available in your bank account, or other payment instrument registered with us. You grant us a security interest in and lien on any and all funds held in any Reserve, and also authorize us to make any withdrawals or debits from the Reserve or any bank account linked to any of your WLM Accounts, without prior notice to you, to collect amounts that you owe us. You will execute any additional documentation required for us to perfect our security interest in any funds in the Reserve. This security interest survives for as long as we hold funds in your Reserve.

15. Our Set-off Rights
To the extent permitted by law, we may set off against the Balances for any obligation you owe us under any agreement with WLM (e.g., Chargebacks or refunds). If you owe us an amount that exceeds your Balance, we may charge or debit a payment instrument registered in your WLM Account or any connected WLM Account (as well as set off against any Balance in any connected WLM Account). Your failure to fully pay amounts that you owe us on demand will be a breach of these terms. You are liable for any of our costs associated with collection in addition to any amounts owed, including attorneys’ fees and expenses, collection agency fees, and any applicable interest.

16. Dormant WLM Accounts
If you do not process payments through your WLM Account for an extended period of time or have not linked a valid bank account, you may have a Balance that is deemed “unclaimed” or “abandoned” under your state’s law. If this occurs, WLM will provide you with notice as required by applicable law and instructions for how to deposit your Balance. If funds still remain in your WLM Account, WLM will escheat such funds as required by applicable law or, as permitted, to WLM.

Chargebacks

17. Your Liability for Chargebacks
There may be times when customer may not be the authorized user of the Card or your customer may otherwise contest the transaction. In these instances, the amount of a transaction may be reversed or charged back to your WLM Accounts (a “Chargeback”) if the transaction (a) is disputed, (b) is reversed for any reason by the Network, our processor, or a customer or its financial institution, (c) was not authorized or we have any reason to believe that the transaction was not authorized, (d) is allegedly unlawful, suspicious, or in violation of these terms. You agree to comply with the Chargeback process and to the liability associated with such Chargebacks as imposed by the Network or our processor.

18. Our Collection Rights for Chargebacks
For any transaction that results in a Chargeback, we may withhold the Chargeback amount in a Reserve. We may recoup the amount of any Chargeback and any associated Fees, fines, or penalties listed in the Fee Schedule or assessed by a Network or our processor from your WLM Accounts (including any Reserve), any proceeds due to you, or any bank account or other payment instrument linked to any of your WLM Accounts. If you have pending Chargebacks, we may delay payouts from your WLM Account. Further, if we reasonably believe that a Chargeback is likely with respect to any transaction, we may withhold the amount of the potential Chargeback from payments otherwise due to you until such time that: (a) a Chargeback is assessed due to a customer complaint, in which case we will retain the funds; (b) the period of time under applicable law or regulation by which your customer may dispute that the transaction has expired; or (c) we determine that a Chargeback on the transaction will not occur. If we are unable to recover funds related to a Chargeback for which you are liable, you agree to pay us the full amount of the Chargeback immediately upon demand. You agree to pay all costs and expenses, including attorneys’ fees and other legal expenses, incurred by us for the collection of all amounts unpaid by you.

19. Excessive Chargebacks
If we believe you might incur, or you are incurring, an excessive amount of Chargebacks, we may establish additional conditions governing your WLM Account, including (a) establishing new processing fees, (b) creating a Reserve in an amount reasonably determined by us to cover anticipated Chargebacks and related fees, (c) delaying payouts, or (d) terminating or suspending the Transaction Services.

20. Contesting Chargebacks
You will assist us when requested, at your expense, to investigate any of your transactions processed through the Transaction Services. To that end, you permit us to share information about a Chargeback with the customer, the customer’s financial institution, and your financial institution in order to investigate and/or mediate a Chargeback. We will request necessary information from you to contest the Chargeback. If the Chargeback is contested successfully, we will release corresponding reserved funds to your WLM Account. If a Chargeback dispute is not resolved in your favor by the Network or issuing bank or you choose not to contest the Chargeback, we may recover the Chargeback amount and any associated fees as described in these terms. You acknowledge that your failure to assist us in a timely manner when investigating a transaction, including providing necessary documentation within fifteen (15) days of our request, may result in an irreversible Chargeback. We reserve the right, upon notice to you, to charge a fee for mediating and/or investigating Chargeback disputes. Compliance with Network Rules and Laws

21. Restricted Use
You will not act as a payment facilitator or otherwise resell the Transaction Services to any third party. You will not use the Transaction Services to handle, process or transmit funds for any third party. You also may not use the Transaction Services to process cash advances.

22. Unauthorized or Illegal Use
You will only accept Cards for transactions that are allowed by applicable law. We may decide not to authorize or settle any transaction that you submit to us if we believe that the transaction is in violation of these terms or any other agreement with WLM, or that it exposes you, your customers, other WLM Sellers, our processors or WLM to harm. Harm includes fraud and other criminal acts. If we suspect that your WLM Account has been used for an unauthorized, illegal, or criminal purpose, you give us express authorization to share information about you, your WLM Account, and any of your transactions with law enforcement and, as deemed necessary by WLM, our payment processing and financial institution partners.

23. Applicable Network Rules
By using the Transaction Services, you agree to comply with all applicable bylaws, rules, and regulations set forth by the Networks (“Network Rules”). The Networks amend their rules and regulations from time to time. WLM may be required to change these terms in connection with amendments to the Network Rules. Significant portions of the Network Rules are available to the public at https://visa.com, https://www.mastercard.com, and https://www.americanexpress.com/merchantopguide. In the event of inconsistency between a Network Rule and these Transaction Terms, and except as otherwise agreed between WLM and the Network, the Network Rule shall apply.

24. Taxes
You are responsible for determining any and all taxes assessed, incurred, or required to be collected, paid, or withheld for any reason for your use of the Transaction Services (“Taxes”). You also are solely responsible for collecting, withholding, reporting, and remitting correct Taxes to the appropriate tax authority. We are not obligated to, nor will we determine whether Taxes apply, or calculate, collect, report, or remit any Taxes to any tax authority arising from any transaction. WLM specifically disclaims any liability for Taxes. If in a given calendar year you process (i) more than $20,000 in gross amount of payments and (ii) more than 200 payments, WLM will be required by law to report information about you and your use of the Transaction Services to the Internal Revenue Service (“IRS”). For purposes of determining whether you have met the IRS reporting threshold, the gross amount does not include any adjustments for credits, cash equivalents, discount amounts, fees, refunded amounts or any other amounts. Whether you reach $20,000 in payments or more than 200 payments will be determined by looking at the taxpayer identification number (“TIN”) associated with your WLM Account, including the applicable social security number (“SSN”) or entity identification number (“EIN”).

25. Network Logos and Marks
Your use of Network logos and marks (“Marks”) is governed by the Network Rules; you must familiarize yourself with and comply with these requirements. The Networks are the sole and exclusive owners of their respective Marks. You will not contest the ownership of the Marks, and any Network may prohibit you from using its Marks for any reason and at any time. WLM may require you to make modifications to your Website or other advertising and signage in order to comply with Network Rules related to the Marks.

26. PCI Compliance
If you store, process or transmit cardholder data, you will comply with the applicable Payment Card Industry Data Security Standards (PCI-DSS), as well as any requirements under the Network Rules. You will cooperate in forensic investigations as required by WLM or its partners. For additional information, including tools to help you assess your compliance, see http://www.visa.com/cisp and https://www.mastercard.com/sdp.

27. Failure to Comply with Network Rules or Security Standards
Notwithstanding Section 34 of these terms or Section 15 of the General Terms, you understand that your failure to comply with the Network Rules or the PCI-DSS security standards, including the compromise of any Card information, may result in fines or other losses to WLM. You will indemnify us and reimburse us immediately for any fines or losses directly or indirectly caused by your and your agents’ actions. Your Additional Obligations

28. Customer Service
You are solely responsible for all customer service policies and issues relating to your goods or services, including pricing, order fulfillment, cancellations or no shows by you or a customer, returns, refunds and adjustments, rebates, functionality and warranty, technical support, and feedback concerning experiences with your personnel, policies or processes. In performing customer service, you will always present yourself as a separate entity from us. As between you and us, we are solely responsible for customer service issues relating to any WLM Account, payment, Card processing, debiting or crediting.

29. Refunds and Returns
By accepting Card transactions through the Transaction Services, you agree to process returns of, and provide refunds and adjustments for, your goods or services through your WLM Account in accordance with these Transaction Terms and Network Rules. Network Rules require that you disclose your return or cancellation policy to customers at the time of purchase. The amount of the refund/adjustment must include any associated taxes required to be refunded and cannot exceed the amount shown as the total on the original sales data except by the exact amount required to reimburse the customer for postage that the customer paid to return merchandise. If your refund policy prohibits returns or is unsatisfactory to the customer, you may still receive a Chargeback relating to such sales. You can process a refund through your WLM Account up to one hundred and twenty (120) days from the day you accepted the payment. If you use WLM Online Store, you may not be able to process a partial refund. If your available WLM Balance is insufficient to cover the refund, WLM will withdraw up to the requested refund amount (the sale amount minus the initial transaction fee) from a payment instrument registered with your WLM Account or any connected WLM Account and credit it back into your customer’s Card. The Fees are also refunded by WLM, so the full purchase amount is always returned to your customer. WLM has no obligation to accept any returns of any of your goods or services on your behalf.

30. Additional Indemnity
In addition to Section 15 of the General Terms, you will indemnify, defend, and hold us and our processors (and our respective employees, directors, agents, affiliates and representatives) harmless from and against any and all claims, costs, losses, damages, judgments, Tax assessments, penalties, interest, and expenses (including reasonable attorneys’ fees) arising out of any claim, action, audit, investigation, inquiry, or other proceeding instituted by a person or entity that arises out of or relates to any transaction submitted by you through the Transaction Services (including the accuracy of any content or product, service, or transaction information that you provide or any claim or dispute arising out of products or services offered or sold by you).

31. Additional Representations, Warranties, and Covenants
In addition to Section 16 of the General Terms, with each Card transaction you process through the Transaction Services, you represent, warrant and covenant to us that: (a) the Card transaction represents a bona fide sale; (b) the Card transaction accurately describes the goods and/or services provided to the customer; (c) you will fulfill all of your obligations to the customer and will resolve any dispute or complaint directly with the customer; (d) you and the Card transaction comply with all federal, state, and local laws, rules, and regulations applicable to you and your business, including any applicable tax, wage and hour, and tip laws and regulations; (e) except in the ordinary course of business, you are not submitting a transaction that represents a sale to any principal, partner, proprietor, or owner of your entity; and (f) you are not submitting a transaction involving your own Cards (except for reasonable test swipes). Termination of Transaction Services

32. Termination of Transaction Services
WLM may Terminate your use of the Transaction Services at any time for any reason. Any termination of these terms does not relieve you of obligations to pay Fees or costs accrued prior to the termination, Chargebacks, and any other amounts owed to us as provided in these Transaction Terms or the Terms of Service. If your access to Transaction Services has been terminated, you may still be permitted to use WLM’s other products, subject to our discretion.

33. Transaction Services Upon Closure of Your WLM Account
Closure of your WLM Account will cancel any pending transactions. Any funds that we are holding in custody for you at the time of closure, less any applicable Fees, will be paid out according to your payout schedule, subject to the other conditions in these Transaction Terms. If an investigation is pending at the time you close your WLM Account, we may hold your funds as described herein. If you are later determined to be entitled to some or all of the funds, we will release those funds to you.

34. Survival
The following sections will survive termination of these Transaction Terms, in addition to those that survive under Section 12 of the General Terms: 5 (Processing Errors), 7 (Identity Verification), 9 (Access to Proceeds), 10 (Right of Setoff), 11 (Payout Schedule), 12 (Availability of Proceeds), 13 (WLM Account History), 14 (Reserve for Holding Funds), 15 (Our Set-off Rights), 16 (Dormant WLM Accounts), 17 (Your Liability for Chargebacks), 18 (Our Collection Rights for Chargebacks), 19 (Excessive Chargebacks), 20 (Contesting Chargebacks), 24 (Taxes), and 28 (Customer Service).