MERCHANT PARTNERSHIP AGREEMENT
Enable Financing Platform
📋 Step 1: Review Merchant Partnership Agreement
Please review the Merchant Partnership Agreement below, scroll through all sections, and check the box to proceed to payment.
ENABLE, INC.
MERCHANT PARTNERSHIP AGREEMENT
Agreement Incorporation
This Merchant Partnership Agreement ("Agreement") is made between Enable, Inc. ("Enable"), a Texas corporation and Texas corporation, and the merchant ("Merchant") as of the date of acceptance below ("Effective Date").
Important: This Merchant Partnership Agreement is incorporated into and part of the Merchant Platform Agreement located at https://enablefinancing.com/order-terms. The provisions of the Merchant Platform Agreement will apply to the Services and Platform provided to Merchant under this Agreement.
Platform Access and Services
Service: Enable Platform Access - Multiple Financing Solutions
Description: Enable provides Merchant with access to the Enable platform, a SaaS-based software platform that enables merchants to interact with financing providers for purposes of offering point of sale financing to merchant customers. The Platform provides merchants with the capability to offer customers seamless financing options including:
- Credit Card Financing: Credit cards issued to customers with approved credit limits
- Direct-to-Consumer (DTC) Lending: Direct loans funded to customers through the platform
Subscription Term: 12 months from the Effective Date (the "Initial Term"), with automatic renewal for successive 12-month periods (each, a "Renewal Term") unless terminated in accordance with the Merchant Platform Agreement.
Pricing Structure
Annual Platform Fee
The $799 annual platform fee has been waived for all merchants.
Transaction Fees
The Enable platform offers two types of financing solutions. Both have the same 4% transaction fee structure:
1. Credit Card Financing
What it is: Credit cards issued to customers with approved credit limits.
Fee basis: 4% of the actual amount charged (purchase amount)
Note: Fee is based on what the customer actually charges, not the credit limit.
2. Direct-to-Consumer (DTC) Lending
What it is: Direct loans funded to customers through the platform.
Fee basis: 4% of the funded amount (loan amount disbursed)
Note: Fee is based on the actual loan amount funded to the customer.
Example Calculations:
Example 1: Customer approved for $10,000 credit limit, charges $8,000
Transaction fee: $8,000 × 4% = $320
(Fee based on $8,000 charged, not the $10,000 limit)
Example 2: Customer approved for $15,000 credit limit, charges $15,000
Transaction fee: $15,000 × 4% = $480
Example 1: Customer receives a $12,000 loan (funded amount)
Transaction fee: $12,000 × 4% = $480
Example 2: Customer receives a $25,000 loan (funded amount)
Transaction fee: $25,000 × 4% = $1,000
Credit Cards: 2 cards with $8,000 + $5,000 charged = $13,000
DTC Loans: 1 loan funded for $20,000
Credit card fees: $13,000 × 4% = $520
DTC loan fees: $20,000 × 4% = $1,000
Total monthly fees: $1,320
Payment Terms
Payment Method
Payment will be processed via credit card at checkout (Visa, Mastercard, Amex, Discover). The credit card used for this initial transaction will be stored on file for future billing.
Billing and Payment Authorization
By accepting this Partnership Agreement, Merchant authorizes Enable, Inc. to charge the payment method provided for:
- Credit Card Financing Fees: 4% of the actual amount charged (purchase amount) for each credit card transaction
- DTC Lending Fees: 4% of the funded amount (loan amount disbursed) for each loan
- Additional Fees: Any other fees or amounts due under this Partnership Agreement, the Merchant Platform Agreement, or any applicable Addenda
Billing and Invoicing Schedule
Enable operates on a semi-monthly billing cycle to ensure timely processing of charges:
| Billing Period | Invoice Date | Payment Date |
|---|---|---|
| 1st - 15th of month | 16th of same month | 20th of same month |
| 16th - End of month | 1st of following month | 5th of following month |
Example: Transactions (credit card charges and DTC loans) processed between January 1-15 will be invoiced on January 16th and payment will be automatically charged on January 20th. Transactions processed between January 16-31 will be invoiced on February 1st and payment will be charged on February 5th.
Review Period: Merchant will have a 4-5 day window between invoice delivery and scheduled payment to review all charges. During this period, Merchant may dispute any charges by contacting Enable prior to the scheduled payment date. Any undisputed charges will be automatically processed on the scheduled payment date.
Payment Authorization Terms
- This payment authorization remains in effect for the duration of the Initial Term and any Renewal Terms
- Merchant may revoke this authorization by providing written notice to Enable at least ten (10) days in advance
- Revoking payment authorization may result in suspension of Platform access for non-payment
- Merchant is responsible for maintaining valid and current payment information
- Any returned or declined payment fees will be charged to Merchant as provided in the Merchant Platform Agreement
Late Payments
If payment is not received within five (5) days of Enable's notice that payment is delinquent, Enable may:
- Suspend Merchant's access to the Platform and Services
- Charge late payment penalties and interest as permitted by applicable law
Pricing Guarantee
The pricing set forth in this Partnership Agreement shall remain in effect for twelve (12) months from the Effective Date. After the Initial Term, pricing may be adjusted upon renewal as provided in the Merchant Platform Agreement, with at least forty-five (45) days advance written notice.
Agreement Acceptance and Payment Authorization
By clicking "I Agree" or completing payment below, you ("Merchant") acknowledge and agree that:
- You have read, understood, and agree to be bound by all terms and conditions of the Merchant Platform Agreement located at https://enablefinancing.com/order-terms and this Partnership Agreement
- The date you complete the initial transaction shall be the "Effective Date" of this Agreement
- You authorize Enable, Inc. to charge the payment method provided at checkout (credit card) for all amounts due under this Agreement, including:
- Credit Card Financing: 4% of the actual amount charged (purchase amount) on each credit card issued
- DTC Lending: 4% of the funded amount (loan amount disbursed) for each loan
- Any other fees or amounts due under this Agreement or any applicable Addenda
- This payment authorization remains in effect for the duration of this Agreement and will continue for any Renewal Terms unless you provide written notice of termination in accordance with the Merchant Platform Agreement
- You may revoke this payment authorization only by providing written notice to Enable at least ten (10) days in advance; however, revoking payment authorization may result in suspension of Platform access for non-payment
- You are responsible for maintaining valid payment information and understand that any returned or declined payment fees are owed as per contractual terms
- The pricing set forth in this Partnership Agreement shall remain in effect for twelve (12) months from the Effective Date
- You represent and warrant that you have the authority to bind Merchant to this Partnership Agreement
Complete Agreement: This Partnership Agreement, together with the Merchant Platform Agreement located at https://enablefinancing.com/order-terms, constitutes the entire agreement between Enable, Inc. and Merchant regarding Platform access and Services.
Enable, Inc. - Texas Corporation
Save a copy of this partnership agreement for your records
💳 Step 2: Complete Initial Transaction
A 1 cent authorization will be processed to securely store your card on file for future billing of transaction fees.
Enable, Inc
25132 Oakhurst Dr Suite 206
Spring, TX 77386
P: +1 (888)-801-1736
E: sales@enablefinancing.com
2023 Enable, Inc. All Rights Reserved. Privacy Policy | Terms