Waiver, Release and Authorizations

Version 1.0 — effective November 11, 2026

By ticking the consent box, you, for yourself and for the Business, and each owner, officer and guarantor whose information you provide (through you, as their authorized representative), give the authorizations and releases below to MagicPay Merchant Services, LLC, DISP MP Soluciones, S. de R.L. de C.V., their affiliates, and the Providers and service providers named in the Privacy Policy (together, the "Released Parties").

1. Verification

You authorize the Released Parties to verify any information in the application, at any time before and while an account or service is in place, by contacting banks, processors, tax authorities (including the IRS, CRA and SAT), business registries, landlords, references, card networks, fraud and sanctions databases and any other source, and by inspecting the business location or website. You authorize those sources to release the information requested.

2. Credit reports

You authorize MagicPay and each Provider to obtain consumer credit reports on each owner and guarantor and business credit reports on the Business, now and from time to time while an application, account, lease, rental or financing is in place, to evaluate the application, review or collect an account, and for any other purpose permitted by the Fair Credit Reporting Act and similar laws in Canada, Mexico and elsewhere. For merchant accounts and payment software, MagicPay generally uses inquiries that don't affect credit scores ("soft" inquiries). A "hard" inquiry may be made for equipment leasing, rental or financing, or when a Provider requires one. On request, we'll tell you whether a report was obtained and the name and address of the agency that supplied it. In Mexico, this authorization covers inquiries to Sociedades de Información Crediticia and is valid for three years, or as long as a relationship continues.

3. Identity verification and biometric information

You consent to identity verification by Plaid or a similar provider, which may capture images of your government ID and a selfie and compare your facial features with the ID photo. You authorize the provider to collect and process that information, including any biometric identifiers or information derived from it, to verify your identity and prevent fraud, and to share the results and images with MagicPay. You authorize MagicPay to receive, store and use the results and images for identity verification, fraud prevention, underwriting and compliance record-keeping, to disclose them to Providers and regulators for those purposes, and to keep them under the retention schedule in the Privacy Policy. MagicPay will not sell, lease, trade or otherwise profit from your biometric information. Each person verified gives this consent individually when completing their own verification; if you are giving information about someone else, you confirm they have agreed.

4. Bank account access

You authorize MagicPay and its Providers, through Plaid or similar services, to access the bank account you connect to confirm ownership, account and routing numbers, account type and holder name, and to obtain recent statements. Plaid's own privacy policy governs the information Plaid handles. You also authorize credits and debits to the account as set out in the merchant agreement you sign once approved.

5. Communications

You consent to receive calls, text messages and emails about your application and account at the numbers and addresses you provide, including by automated systems and prerecorded messages, as described in the magicpay.net Terms of Use. Message and data rates may apply; reply STOP to opt out of texts. Marketing messages need your separate opt-in.

6. Release

To the fullest extent allowed by law, you release and discharge the Released Parties, and anyone who provides information to them under these authorizations, from all claims, demands and liabilities arising from: (a) obtaining, verifying, using or sharing information as authorized here and in the Privacy Policy; (b) any decision to approve, decline, condition or close an application or account; (c) reporting information to card networks, the MATCH list, credit bureaus or authorities in good faith; and (d) delays, errors or unavailability of third-party verification services. This release does not cover a Released Party's gross negligence, willful misconduct, or a claim that cannot be waived by law.

7. Assumption of risk

You understand that sending information over the internet carries some risk, that applying doesn't guarantee approval, and that you are responsible for business decisions you make before an account is approved and live (for example buying inventory or announcing card acceptance).

8. Duration and copies

These authorizations continue for as long as an application, account, lease, rental or financing is in place and afterwards as needed to meet record-keeping and legal duties, unless you revoke them in writing where the law allows (revocation does not affect what was done before it and may end our ability to provide services). A copy, fax or electronic version of this authorization is as valid as the original.

9. Governing law

This Waiver is part of, and governed by the same law, courts and waivers as, the Applicant Terms and Conditions.