Payments & Transfers Policy

Shop Main Street Online & Main Street Money Payments Policy

Shop Main Street Online Payments allows buyers and sellers to use various forms of payments on ShopMainStreetOnline.com, Main Street Marketplace or Main Street Auctions, and Shop Main Street Online’s mobile apps and other services. Shop Main Street Online Payments users can pay with and accept payment by credit card, debit card, Shop Main Street Online gift card, Shop Main Street Online Credit, some bank transfer services, PayPal, Apple Pay, Android Pay, and the Sell on Shop Main Street Online Reader—all in their local currencies. This policy explains all of your rights and obligations when using Shop Main Street Online Payments.

This policy is a part of our Terms and Conditions. By using Shop Main Street Online Payments, you’re agreeing to this policy and our Terms and Conditions.

1. Accepting These Terms

This document (the Shop Main Street Online Payments Policy or the “Policy,” for short) sets out your rights and responsibilities when you use Shop Main Street Online Payments on Shop Main Street Online’s services (we’ll refer to ShopMainStreetOnline.com, Main Street Marketplace or Main Street Auctions, and Shop Main Street Online’s mobile apps and other services as our “Services”), so please read it carefully. By using Shop Main Street Online Payments, you’re agreeing to the Policy.

The Policy is a legally binding contract between you and Shop Main Street Online (actually, if you transact in United States Dollars or Canadian Dollars, the contract is between you and Shop Main Street Online, LLC.; if you transact in any other currency, the contract is between you and Shop Main Street Online Ireland UC; but we’ll just refer to Shop Main Street Online, LLC. and all of its subsidiaries collectively as “Shop Main Street Online”).

The Shop Main Street Online Payments Policy is also a part of our Terms and Conditions. By using any of our Services, you’re agreeing to the Terms and Conditions.

2. Overview

Shop Main Street Online Payments allows sellers to (a) accept payment by authorized credit and debit card transactions, some bank transfers services, PayPal, transactions using Apple Pay, and transactions using Android Pay, (b) have those funds credited to a seller’s payment account with Shop Main Street Online, and (c) have those funds deposited into a seller’s designated bank account.

Shop Main Street Online Payments is only available to sellers who are at least 18 years old who register and are approved for a payment account with Shop Main Street Online.

Buyers may authorize a payment with any major credit or debit card accepted by Shop Main Street Online, with Shop Main Street Online Gift Cards and Shop Main Street Online Main Street Money, by certain bank transfer services, or through PayPal, Apple Pay, or Android Pay.

3. Third-Party Services

Shop Main Street Online has engaged third-party service providers to perform many of the services related to payment processing, including card processing, currency exchange, identity verification, fraud analysis and regulatory compliance.

Shop Main Street Online partners with Worldpay, PayPal, Adyen, and other licensed payment processors to facilitate card payments and other payments and the disbursement of funds to sellers. The provider and processing time for your payment will vary based on the payment processor policies and your settings. If there are insufficient funds in your bank account when our provider processes the payment for your purchase, Shop Main Street Online reserves the right to contact you directly and to seek payment.

Shop Main Street Online may share your personal or transactional information with those third-party service providers when it’s necessary to process payments.

Shop Main Street Online Gift Cards and Shop Main Street Online & Main Street Money are subject to the Gift Cards & Shop Main Street Online Main Street Money & Payments Policy.

By using a third-party service, you may also be subject to an agreement with the third-party. For example, PayPal is a third-party service provided by PayPal Holdings, Inc. and is subject to the PayPal User Agreement. Apple Pay is a third-party service provided by Apple Inc. and is subject to the Apple Pay Terms and Conditions. Android Pay is a third-party service provided by Google Payment Corp. and is subject to the Android Pay Terms and Conditions for US Users.

If Shop Main Street Online receives notice that your shop’s content or activity violates a third party’s service agreement, we may at our sole discretion take action against your account to comply with their policies. Such actions may include canceling a transaction, disabling listings from your shop, suspending your selling privileges, or removing certain payment methods.

PayPal

Shop Main Street Online supports PayPal transactions.

4. Shop Main Street Online’s Rights and Responsibilities

Shop Main Street Online Payments functionality may be made available, modified, or discontinued by us at any time without notice and is subject to the limitations in Shop Main Street Online’s Terms and Conditions.

As a security measure, we may impose transaction limits on buyers and sellers. For example, we may impose limits relating to the value of any transaction, deposit, or adjustment, or limits relating to the cumulative value of all transactions, deposits, or adjustments during a period of time. We may also impose limits related to the number of transactions per day or other period of time. We will not be liable to a seller: (a) if we do not proceed with a transaction, deposit, or adjustment that would exceed any limit established by us, or (b) if we permit a buyer to withdraw from a transaction.

Shop Main Street Online may refuse service of Shop Main Street Online Payments to anyone, for any reason, at any time.

Shop Main Street Online reserves the right to decline transactions that we believe to be high risk, fraudulent, or in violation of Shop Main Street Online’s Terms and Conditions.

In the event that a buyer does not make payment for the purchase of a legitimate item sold using Shop Main Street Online Payments (e.g., where the buyer used a stolen or unauthorized credit card), Shop Main Street Online may provide limited payment protection to the seller, in the interest of fairness.

Shop Main Street Online maintains records associated with transactions on Shop Main Street Online Payments and does not pass any secure data, including credit card numbers or bank account information to any sellers. Sellers will only receive shipping information and limited buyer account information necessary to complete the order. Shop Main Street Online’s Privacy Policy further explains how Shop Main Street Online handles user information.

Shop Main Street Online will send you any relevant notices regarding your use of Shop Main Street Online Payments in accordance with our Electronic Communications Policy.

5. Seller Rights and Responsibilities

A. Use of Shop Main Street Online Payments. When Shop Main Street Online Payments are available, you are required to sign up for Shop Main Street Online Payments, which will result in your shop accepting payment through authorized credit and debit card transactions, some bank transfer services, PayPal, Apple Pay, and Android Pay. For you to sign up for Shop Main Street Online Payments and receive payment for transactions made through Shop Main Street Online Payments, you must provide valid account information for a bank account in the United States, Australia, Canada, the European Union, Hong Kong, New Zealand, Norway, Singapore, or Switzerland. Without this information, Shop Main Street Online cannot pay you!

B. Payment Accounts. Shop Main Street Online Payments is only available to sellers who register and are approved for a payment account. A payment account allows sellers to track payment amounts, refunds, and fees related to transactions. Sellers must provide accurate personal information as requested during registration, and are responsible for maintaining and updating that information as necessary. Sellers will not impersonate any person or use a name he or she is not legally authorized to use. Sellers authorize us, and authorized agents, to verify the their information (including any updated information) by accessing public records and obtaining credit reports about the sellers in order to approve a payment account. Sellers also authorize Shop Main Street Online to verify the sellers’ information from time to time while the sellers are using Shop Main Street Online Payments. Shop Main Street Online verifies sellers’ information in order to safeguard the integrity of the marketplace and reduce the risk of fraud, money laundering, terrorist financing, and the violation of trade sanctions.

Payment accounts are only available to individuals who are eligible to be sellers on Shop Main Street Online’s services and who have a valid credit or debit card on file with Shop Main Street Online, unless they are exempt from this requirement. Sellers who have bank accounts established in Austria, Germany, and the Netherlands are not required to have a credit card on file with Shop Main Street Online to have a payment account.

C. Disputes. Sellers agree to resolve any disputes directly with a buyer or with the assistance of the dispute management and refund tools available on Shop Main Street Online, and in accordance with our Seller Policy and Terms and Conditions. In the event that a dispute is escalated to Shop Main Street Online’s Support Team, Shop Main Street Online reserves the right to issue a refund to a buyer if a transaction is found to be in violation of Shop Main Street Online’s Seller Policy and Terms and Conditions.

In the event that a buyer submits a chargeback, Shop Main Street Online will respond to the credit card networks on behalf of the seller involved in the transaction; the seller agrees to provide any requested information to us within five calendar days of the request. Shop Main Street Online reserves the right to recoup funds associated with buyer chargebacks.

D. Communications. We will inform sellers of each transaction, or of other information pertaining to Shop Main Street Online Payments, using our standard communication procedures (detailed in our Electronic Communications Policy), including by email or through Shop Main Street Online’s Conversations tool.

E. Refunds. Refunds or adjustments paid by Shop Main Street Online to buyers for payments made through Shop Main Street Online Payments may be initiated using the refund functionality in the seller’s payment account. Any such funds paid by Shop Main Street Online to cover refunds will be deducted from the seller’s payment account balance. If there are insufficient funds to cover the amount of the refund, the balance will be charged to the seller’s credit card or added to the seller’s Shop Main Street Online bill.

Fully refunded transactions may be eligible for cancellation in accordance with the Seller Policy.

F. International Trade Laws. You agree that your use of Shop Main Street Online Payments will not involve any countries, entities, individuals or items prohibited by sanctions, embargoes, regulations or orders administered by the US Department of Treasury’s Office of Foreign Assets Control (“OFAC”) or other government agencies.

6. Appointment of Shop Main Street Online as Limited Collection Agent for Sellers

Each seller appoints Shop Main Street Online as its agent for the limited purpose of receiving, holding and settling payments to seller. Shop Main Street Online will settle payments that are actually received by Shop Main Street Online to each seller, less any amounts owed to Shop Main Street Online and subject to these Terms. Each seller agrees that a buyer payment received by Shop Main Street Online, on behalf of seller, satisfies the buyer’s obligations to make payment to seller, regardless of whether Shop Main Street Online actually settles such payment to seller. If Shop Main Street Online does not settle any such payments as described in these Terms to a seller, such seller will have recourse only against Shop Main Street Online and not the buyer.

7. Deposits

A. Payment Account. All funds resulting from a completed transaction will be reflected as a balance in a seller’s payment account. Transactions are considered complete once the payment is approved by Shop Main Street Online or our fraud analysis service provider. Any refunds, adjustments, or other amounts paid to buyers in connection with purchases, or for funds received since the last payment day, are also applied to the seller’s payment account balance.

Funds in a payment account balance are eligible for deposit (the “Available Balance”) into a seller’s bank account at the end of any applicable deposit delay, reserve, or hold period as determined by the seller’s bank.

B. Scheduled Deposits. Shop Main Street Online will instruct our payments partners to initiate a deposit of a seller’s Available Balance into the seller’s bank account on a daily, weekly, biweekly, or monthly basis. Sellers can select the frequency of disbursements from their payment account in their account settings. When a seller selects daily disbursements, disbursements will be made on each day that the seller’s payment account has a balance equal to or greater than the minimum daily disbursement thresholds listed below. When a seller selects weekly, biweekly, or monthly disbursements, disbursements will be made on every applicable Monday. In this policy we’ll refer to the date of disbursement as the “Payment Date”. Deposits into a seller’s bank account will generally be credited within three (3) to five (5) business days from the date Shop Main Street Online initiates the deposit request. The actual timing of the deposit may depend on how quickly a seller’s bank processes the request.