Twism offers certain aspects of the Services on a subscription basis (a “Subscription”). Twism has the right to charge Merchants a weekly or monthly fee for defined Service levels (the “Fees”) beginning on the eighth day after a Merchant initiates a Subscription and accepts these Merchant Terms (the “Trial Period”). If a Merchant terminates the Services within the Trial Period, Twism shall not charge any Fees. If a Merchant both terminates and reactivates a Subscription before a Trial Period ends, Twism shall charge the Merchant as if no termination had occurred. If a Merchant who has terminated a Subscription reactivates that Subscription after the end of a Trial Period, Twism shall charge Fees immediately without providing an additional Trial Period.
You hereby authorize Twism to collect and receive Fees in any manner it deems appropriate, in its sole discretion, including by charging a credit card on file or through Twism’s acceptance of Coins redeemable only by you and that are minted by you and delivered to Twism (“Reserve Coins”) totaling 25 Reserve Coins per week, or such other amount as Twism may specify in advance in writing. You acknowledge that Reserve Coin payment functionality may be implemented either automatically (“auto-mint”) or manually directed by you, and that regardless of the method of creating Reserve Coins, you are and at all times shall remain the legal “issuer” of such Reserve Coins for all intents and purposes and shall act as the only business where such Reserve Coins may be redeemed. You acknowledge that Twism has the right to sell or otherwise transfer the Reserve Coins, and the right to set the price of such Reserve Coins, including the right to sell Reserve Coins at a discount determined by Twism in its sole discretion. For the avoidance of doubt, you hereby grant Twism the right to distribute these Coins at its sole discretion, whether as giveaways, promotional items, or for sale at either full value or at a discount, and you acknowledge that Reserve Coins, in Twism’s sole discretion, may be distributed in the same way as other Coins available through the Services or distributed in a different manner by Twism, whether for a price, another form of value, or for free, at its sole discretion. You also acknowledge that Reserve Coins do not expire. You shall honor Reserve Coins that have been distributed or otherwise transferred by Twism, and provide refunds subject to applicable law and these Merchant Terms. If you do not honor Reserve Coins for their full value, Twism reserves the right to seek appropriate recourse on behalf of itself and/or End Users, including but not limited to by charging you through other billing methods or taking legal action. Twism may also suspend your account in its sole discretion.
Fees are charged until the Subscription and/or your account is terminated by you or Twism pursuant to these Merchant Terms.
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