
Affiliate Program

Join the Fast Transact Affiliate Program

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Affiliate Information
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*First Name:		Please enter your first name
*Last Name:		Please enter your last name
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Company:		Please enter your company name here or re-enter your personal name if not associated with a company name.
*Address:		Please enter your complete, accurate mailing address. All commissions will be sent to this address.
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Tax ID:		Please enter the Tax ID or EIN (if applicable) of the company that will be receiving payments.
Social Security Number:		Please enter the Social Security Number (if applicable) of the person who will be receiving commissions.
Telephone Number:		Please enter a valid contact number in the event we need to reach you on matters related to the affiliate program.
Fax Number:		Please enter your entire fax number
URL:		Please enter your entire URL - such as http://www.fasttransact.com
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Make Checks Payable To:		Please enter "Pay To" name if it differs from the name entered above.
Affiliate Agreement THIS NON-EXCLUSIVE Affiliate Agreement is entered into by and between FAST TRANSACT, INC. with its principle address at 673 Woodland Square Loop SE, Suite 401, Lacey, WA 98503, herein after referred to as FAST TRANSACT, and AFFILIATE with address and information as listed above effective on this day of submission of this form. WHEREAS, FAST TRANSACT is engaged in providing secure online digital payment processing services, cart/software integration, merchant number insertion, account setup, chargeback and fraud consultation; services including, but not limited to, merchant account submission and approval through its REGISTERED MEMBER SERVICE PROVIDERS, marketing, installation and programming of credit card equipment and training services including, file maintenance, risk management, the shipment of all supplies to merchants and card holders, and POS Help Desk (if needed); and WHEREAS, FAST TRANSACT is desirous of providing its merchants and cardholders with digital payment processing services at competitive transaction fees and discount rates; and WHEREAS, FAST TRANSACT has offered to provide said services to AFFILIATE'S merchants and, AFFILIATE wishes to accept said services on the terms and conditions set forth herein; NOW, THEREFORE, in consideration of the representations, covenants and promises made herein, the parties agree as follows: I. SERVICES OF FAST TRANSACT TO AFFILIATE; 1.1 FAST TRANSACT hereby agrees to provide Payment Gateway Processing services, including payment gateway and shopping cart/software integration, merchant number insertion, account setup, chargeback and fraud consultation for all non-card swipe and internet based transactions; 1.2 FAST TRANSACT further agrees, if merchants brought to FAST TRANSACT by the AFFILIATE do not have a merchant account issued by a registered Member Service Provider, FAST TRANSACT as a REGISTERED ISO/MSP of Bank of America and Wells Fargo, will make its best effort to receive merchant account approval based on the credit worthiness and processing history of the merchant. If merchant approval is given, having met the credit criteria of FAST TRANSACT and its registered Member Service Providers, processing via electronic data capture (EDC) of all Visa and MasterCard transactions will be based on the discount rate determined by FAST TRANSACT and AFFILIATE. It is further understood that FAST TRANSACT offers Merchant Account services only as an enhancement to its digital payment processing gateway and each merchant approved for accepting VISA/MASTERCARD brand cards must enter into an agreement with the applicable acquirer listed in section 1.2 herein; 1.3 Make available Electronic Data Capture for Discover Card, American Express, and other cards that may be accessible via the applicable network. It is understood by AFFILIATE that FAST TRANSACT has no control over the processing fees or discount rates charged by Discover Card or American Express and has made no claim to AFFILIATE or its merchants otherwise. It is further understood that FAST TRANSACT offers these services only as an enhancement to its Visa/MasterCard processing service and each merchant accepting the above cards must enter into an agreement with the applicable acquirer prior to FAST TRANSACT providing these services described in section 1.1 as stated herein, and that FAST TRANSACT and its principal members banks, have no control over these card issuers and accepts no liability with regard to same. 1.4 Discount rates are predicated upon the Interchange and transaction fee rates in effect at the time of executing this Agreement for each referred member service provider. It is understood by AFFILIATE that should the interchange rate increase at any time during this Agreement or if rates established by third parties, such a communication carriers or data capture providers should increase, then FAST TRANSACT shall have the right to adjust its charges on a pass-through basis in order to accommodate any such increase. Should FAST TRANSACT receive notification on a timely basis, FAST TRANSACT will attempt to provide AFFILIATE with such notification with in 30 days prior to said increase taking effect. 1.5 FAST TRANSACT agrees to share logos, website links, including Training documentation. II. SERVICES OF AFFILIATE TO FAST TRANSACT 2.1 AFFILIATE agrees to provide its best efforts to assist each other in soliciting, advertising, preparing and submitting merchant applications for the payment gateway processing services of FAST TRANSACT and for the credit card transaction processing services provided by its Member Service Providers and Member Banks. Best efforts include the posting of a banner to drive customer traffic to FAST TRANSACT, or a link to for customers to sign up for FAST TRANSACT services. 2.2 The AFFILIATE shall be responsible for compliance with all rules, regulations, statues and laws of any association, court, agency legislature, or other law making body. The AFFILIATE shall not use the VISA, MasterCard or other trademarks without the prior written consent of FAST TRANSACT. 2.3 The AFFILIATE shall not undertake or omit any actions which, if undertaken or omitted by FAST TRANSACT, would amount to a breach of VISA, MasterCard or other credit card rules and regulations or any agreement which FAST TRANSACT or its Member Service Providers has with a Member Bank or association. 2.4 The AFFILIATE agrees that any application may within the sole discretion of FAST TRANSACT or its Member Service Providers be denied for any reason whatsoever. 2.5 The name of the Member Service Provider being represented must appear as the sales organization on all merchant applications for credit card processing services. III. BANKCARD, PAYMENT GATEWAY, ELECTRONIC CHECK, RESIDUAL SPLIT AND BONUS OPTION MONTHLY RESIDUAL COMMISSION 3.1 The AFFILIATE shall receive monthly residual commissions from the credit card and payment gateway transactions. Residual commissions shall be paid only on merchant accounts which the AFFILIATE directly solicited. The merchant account must be active and processing for a residual to be paid to the AFFILIATE and must be accepted by FAST TRANSACT for processing. All residual commission payments to AFFILIATE are subject to the right of setoff by FAST TRANSACT for any amount owed to FAST TRANSACT by AFFILIATE which is current or past due. AFFILIATE expressly grants FAST TRANSACT a security interest in the residual commissions described herein. 3.2 FAST TRANSACT agrees to pay AFFILIATE a percentage of all net profits received by FAST TRANSACT through it's transaction and merchant processing relationships, based on the following residual or one-time bonus schedule: Ongoing Monthly # of Accounts Referred Residual Percentage One-Time Commission 1-25 15% $50 26-50 20% $50 51-200 25% $50 201-300 30% $75 301-500 35% $100 501 + 40% $100 FAST TRANSACT agrees to pay AFFILIATE an Override for all referred Affiliate Partners and their affiliate merchants based on the following residual or one-time bonus schedule: Ongoing Monthly # of Accounts Referred Residual Percentage One-Time Commission 1-250 5% $10 251-500 10% $25 501+ 15% $50 3.3 FAST TRANSACT agrees to pay AFFILIATE the above percentage of all net Payment Gateway & Electronic Check profits received by FAST TRANSACT through it's payment gateway and check processing relationships. FAST TRANSACT agrees to pay REFERRING AFFILIATE a 5% override for all referrals of a "NEW AFFILIATE REFFERRAL PARTNER" and any subsequent solicited merchants of the "NEW AFFILLATE REFERRAL PARTNER" and their affiliated merchants processing activity processed by FAST TRANSACT and for all Payment Gateway & Electronic Check profits received by FAST TRANSACT and generated by their submitted and accepted merchant processing accounts. 3.4 Except for instances of fraud or misrepresentation by the AFFILIATE or its Sales Associates to merchant or FAST TRANSACT, AFFILIATE is not liable for losses, chargebacks, bankruptcy or uncollected ACH rejects including but not limited to any other merchant default which could create liability or uncollectable condition. AFFILIATE expressly grants FAST TRANSACT a right of set off and security interest in the residual commissions described herein for the purposes of recovering any losses related to such fraud or misrepresentation by the AFFILIATE or merchant. 3.5 FAST TRANSACT will pay the AFFILIATE when the monthly residual volume is equal to or greater than $25.00. Residuals will be paid on or about the 30th of the next subsequent month when they are earned. FAST TRANSACT will furnish AFFILIATE with a monthly profitability analysis by AFFILIATE account name and reflecting each merchant's monthly volume, fees and the number of transactions for the month. This report may be transmitted electronically. 3.6 Upon the termination or expiration of this agreement, the AFFILIATE shall receive the appropriate percentage based on referral volume as stated in 3.2, of the net monthly profit from the processing of merchant and payment gateway transactions from merchants previously recruited by the AFFILIATE provided that the AFFILIATE is not in default or material breach of this agreement nor subsequently defaults or materially breaches this agreement. Any violation by AFFILIATE of any obligations pursuant to sections 9 below. 3.7 Upon the termination or expiration of this Agreement AFFILIATE agrees and acknowledges that if the AFFILIATE compensation for any monthly period is less than the residual amount of $25.00 AFFILIATE relinquishes any and all right to the carryover to future periods of such amounts. 3.8 In the event of a sale or acquisition of the FAST TRANSACT'S portfolio, which includes the processing volume of merchants referred to FAST TRANSACT by the AFFILIATE, the maximum future value of the monthly residual amount paid to the AFFILIATE will be six times (x6) the most recent monthly residual check paid to the AFFILIATE. IV. COVENANT NOT TO COMPETE 4.1 The AFFILIATE acknowledges that during the term and performance of this agreement AFFILIATE will acquire information and contacts which are valuable to FAST TRANSACT. The AFFILIATE further agrees that it is necessary to protect the interests of FAST TRANSACT and its ISO/MSP agreements with the Member Service Providers in its merchant base by entering into the following covenant not to compete; During the term of this agreement and for a period of 24 months following termination or expiration of this agreement the AFFILIATE, its successors or assigns, nor any individual owning an equity interest in the AFFILIATE nor its Associated Sales Personnel, will not directly or indirectly solicit or contract with merchant applications from; (1) merchants from whom the AFFILIATE solicited an application for an existing merchant agreement with FAST TRANSACT or its Member Service Providers or Member bank; or (2) any merchant which the AFFILIATE know or is informed by FAST TRANSACT or its Member Service Providers to have an existing merchant agreement with FAST TRANSACT or its Member Service Providers or Member banks. VI. ENDORSEMENT It is understood that AFFILIATE has evaluated FAST TRANSACT and its principal members, and performed such other due diligence as, in AFFILIATE'S sole judgment, is deemed necessary to satisfy itself of FAST TRANSACT and its programs and hereby endorses, recommends and further agrees it will furnish FAST TRANSACT complete merchant information necessary to contact and process new merchant applications which will promote FAST TRANSACT'S processing services to its merchants, to include a review of the credit history of all merchants. It is understood that AFFILIATE is hereby authorized to use this agreement in its advertising and promotional material of this program and may display logo in conjunction with its own. All such material shall be submitted to FAST TRANSACT for its approval prior to use by AFFILIATE. VII. CONFIDENTIALITY 5.1 The nature of this relationship between the parties is one of confidentiality. Each party shall treat the business practices, written material, correspondence and operation methods of the other as confidential and as proprietary information, and shall make no unauthorized disclosures of same, for any reason, to third parties. 5.2 Any information leading to the identification of existing merchants and or existing sales associates registered at AFFILIATE or any associate in any business opportunity, directly or indirectly through either party, shall be considered to be an account and/or sales associate of AFFILIATE. Both parties agree not to circumvent the other in any dealings one may have with the other, and agree to protect the other from Circumvention on the others behalf. No circumvention of a party introduced by one party to the other shall be made, unless the introducing Party expressly authorizes it in writing. This agreement shall be binding upon the parties hereto and their respective AFFILIATE'S, Successors and assigns, to the benefit of the parties. VIII. INDEMNIFICATION 6.0 Each of the parties agrees to indemnify the other, their respective directors, stockholders, officers, AFFILIATE'S, and hold them harmless from and against all claims, actions, damages, liabilities, demands, costs, and expenses, including reasonable attorney's fees, resulting from any act by or attributable to them, either in violation of any provision of this agreement, or in violation of any law, rule or regulation of the United States, any state, city or agency of said bodies resulting from the misrepresentation or negligence of the party, its officers, directors, and AFFILIATE'S of FAST TRANSACT. IX. TERM AND TERMINATION; EFFECTIVE OF TERMINATION 7.1 The initial term of this Agreement shall be for a period of three (3) years (Initial Term) beginning on the date first set forth above. This Agreement shall thereafter be automatically renewed for an additional term of (1) year unless either party notifies the other no later than ninety (90) days prior to the end of the current term with or without cause and at their sole discretion. 7.2 Either party may terminate this agreement for cause listed in section 7.3 below, at the end of the Initial Term or any Renewal Term by giving written notice no later than thirty (30) days prior to the expiration of the current term. 7.3 FAST TRANSACT may immediately terminate this agreement at anytime by giving written notice to the AFFILIATE for any one of the following reasons: (a) AFFILIATE makes attempt to convert any merchant account relationship from FAST TRANSACT to any other entity performing services similar to FAST TRANSACT. (b) FAST TRANSACT may, within 10 days written notice, terminate this agreement if FAST TRANSACT in its sole and exclusive judgment, determined that its business reputation is negatively affected by the quality of services rendered by the AFFILIATE. (c) Any material breach of this agreement which is not cured by AFFILIATE within 20 days after written notice of said breach shall make the entire agreement void. FAST TRANSACT shall retain all rights and redress for acts of fraud, omission or misrepresentation equitable at Law. X. NOTICES 8.0 Any notice, request, demand or other communication required or permitted hereunder except termination notice, shall be in writing and delivered by U.S. Mail, First Class, postage prepaid; termination notice must be sent by registered or certified U.S. Mail, and shall be addressed as follows: FAST TRANSACT, INC., Attn: David Solomon, 673 Woodland Square Loop SE, Suite 401, Lacey, WA 98503 Ph: 800-687-8505 XI. CONTROLLING LAW 9.0 The laws of the State of Washington shall apply and bind the parties in all questions arising hereunder regardless of the jurisdiction in which any action or proceeding may be initiated or maintained. It is understood, however, that this is a general form of agreement and if any of its provisions in any way violate or contravene the laws of any state or territory, such provisions shall be deemed not to be a part of this agreement and the remainder of this agreement shall remain in full force and effect. XII. WAIVER 10.0 The failure of either party to enforce at any time, or for any period of time, any provision of this Agreement shall not be construed as a waiver of such provision, or of the right thereafter, to enforce each and every such provision. XIII. COMPLETENESS OF INSTRUMENT 11.0 There are no understandings not contained in this Agreement or its exhibits and this Agreement shall supersede and cancel all previous contracts, arrangements, or understandings that may have existed between the parties.
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