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Round Grow, Inc. Terms of Service

Last Updated: May 27, 2025

Introduction

These Terms of Service ("Terms") form a legal agreement between Round Grow, Inc. ("Round," "we," "our," or "us") and the entity or sole proprietor on whose behalf a Round account is created ("you" and "your"). These Terms are effective upon the date you first access or use our Services and continue until these Terms terminate.

Round provides financial infrastructure services to US-based micro-merchants, including payment processing technology, business management tools, and related services (collectively, the "Services"). By accessing or using the Services, you agree to be bound by these Terms.

1. Eligibility

To access or use our Services, you must:

  • Be at least 18 years of age
  • Be a US-based business entity or sole proprietor
  • Have a valid US bank account
  • Provide accurate and complete information during account creation and verification
  • Maintain the security of your account credentials

2. Relationship to Payment Processor

2.1 Payment Processing Services

Round partners with Stripe, Inc. and its affiliates ("Stripe") to provide payment processing, dispute handling, and payout functionality. When you use our Services to process payments, Stripe serves as the payment processor and money transmitter. Round is not a money transmitter, money services business, or financial institution.

2.2 Flow of Funds

IMPORTANT: Round is not in the flow of funds. All payment processing, fund transfers, and money transmission services are provided by Stripe through Stripe Connect. Round does not receive, hold, or transmit funds in connection with the payment services. Round provides technology services that enable instructions to be relayed to Stripe for processing payments on your behalf.

2.3 Payment Processing Agreement

During the onboarding process, you will enter into a direct agreement with Stripe for payment processing services. By using our Services, you acknowledge and agree that you are bound by Stripe's Services Agreement, including their applicable service agreement, privacy policy, and other relevant policies, which apply to payment processing aspects of the Services.

Round reserves the right to change payment processors at our sole discretion. In the event of a processor change, Round will provide you with sixty (60) days' written notice prior to the effective date of such change. During this notice period, you may choose to: (a) accept the new payment processor and enter into the required agreements, or (b) terminate your account in accordance with Section 11.2.

Stripe Services Agreement is subject to change. Round is not responsible for any payment processor's performance of payment processing services.

3. Our Services

3.1 Account Services

Round provides you with tools to:

  • Accept payments from your customers via integration with Stripe Connect
  • Track sales and transactions
  • Manage business finances
  • Analyze business performance
  • Access additional business management features

3.2 Restrictions

You agree not to:

  • Use the Services for any illegal purposes
  • Process transactions for prohibited businesses or activities
  • Attempt to bypass or circumvent any security measures
  • Use the Services to violate any third-party rights
  • Create multiple accounts to evade fees or restrictions

3.3 Account Security

You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account. You agree to notify us immediately at hello@round.dev of any unauthorized use of your account or any other breach of security.

4. Fees and Charges

4.1 Service Fees

Round charges fees for use of our Services as described in our Fee Schedule, which is incorporated by reference into these Terms. We reserve the right to change our fees upon notice to you.

4.2 Payment Processing Fees

Payment processing fees charged by Stripe are separate from Round's service fees and are governed by your agreement with Stripe.

4.3 Taxes

You are responsible for all applicable taxes associated with your use of the Services, except for taxes based on Round's net income.

5. Round Rewards Program

5.1 Earning Points

Round offers a rewards program ("Round Rewards") that allows eligible businesses to earn points based on their transaction activity on our platform. Points are earned as follows:

  • Points are earned on every full Dollar of service revenue you process through our platform, excluding taxes and tips
  • The number of points per Dollar is referred to as your Earn Rate
  • Your current Earn Rate will be shown in your account dashboard
  • Points are calculated by rounding down the value of each transaction's service revenue (excluding taxes and tips) to the nearest Dollar before points are calculated
  • We will maintain a points account ("Points Account") for you and display your points balance in your account dashboard

5.2 Promotional Earn Rates

From time to time, we may offer promotional Earn Rates or other forms of promotion relating to the earning of points. We may contact you about such promotions to ensure you can benefit from them.

5.3 Points Redemption

Points may be redeemed for benefits as specified in the Round Rewards terms, which are incorporated by reference into these Terms. Points cannot be transferred to any other person or entity and have no cash value.

5.4 Points Expiration and Program Changes

Points expire 12 months after they are earned. Round reserves the right to modify or terminate the Round Rewards program at any time, with or without notice, including by changing Earn Rates, redemption options, expiration policies, or program rules. Modifications will abide by state-specific notice period and communication requirements on material changes to benefits. 

6. Intellectual Property

6.1 Round's Intellectual Property

The Services, including all content, features, functionality, and interfaces, are owned by Round and are protected by United States and international copyright, trademark, patent, trade secret, and other intellectual property laws. These Terms do not grant you any rights to use Round's trademarks, logos, domain names, or other brand features.

6.2 License to Use Services

Subject to your compliance with these Terms, Round grants you a limited, non-exclusive, non-transferable, revocable license to access and use the Services for your internal business purposes. This license does not provide any endorsement of your business services for any purpose.

7. Disclaimer of Warranties

THE SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT. ROUND DOES NOT WARRANT THAT THE SERVICES WILL BE UNINTERRUPTED OR ERROR-FREE, THAT DEFECTS WILL BE CORRECTED, OR THAT THE SERVICES OR THE SERVERS THAT MAKE THEM AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.

8. Limitation of Liability

IN NO EVENT SHALL ROUND, ITS AFFILIATES, OR ITS LICENSORS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING WITHOUT LIMITATION, LOSS OF PROFITS, DATA, USE, GOODWILL, OR OTHER INTANGIBLE LOSSES, RESULTING FROM (i) YOUR ACCESS TO OR USE OF OR INABILITY TO ACCESS OR USE THE SERVICES; (ii) ANY CONDUCT OR CONTENT OF ANY THIRD PARTY ON THE SERVICES; (iii) ANY CONTENT OBTAINED FROM THE SERVICES; AND (iv) UNAUTHORIZED ACCESS, USE, OR ALTERATION OF YOUR TRANSMISSIONS OR CONTENT, WHETHER BASED ON WARRANTY, CONTRACT, TORT (INCLUDING NEGLIGENCE), OR ANY OTHER LEGAL THEORY, WHETHER OR NOT WE HAVE BEEN INFORMED OF THE POSSIBILITY OF SUCH DAMAGE.

IN NO EVENT SHALL ROUND'S TOTAL LIABILITY TO YOU FOR ALL CLAIMS ARISING FROM OR RELATING TO THESE TERMS OR YOUR USE OF THE SERVICES EXCEED THE AMOUNT PAID BY YOU TO ROUND FOR USE OF THE SERVICES DURING THE TWELVE (12) MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM.

9. Indemnification

You agree to defend, indemnify, and hold harmless Round, its affiliates, and their respective officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, and expenses, including, without limitation, reasonable legal and accounting fees, arising out of or in any way connected with your access to or use of the Services, your violation of these Terms, or your violation of any rights of another.

10. Dispute Resolution

10.1 Governing Law

These Terms shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to its conflict of law provisions.

10.2 Arbitration

Any dispute arising from or relating to these Terms or the Services shall be finally settled by binding arbitration administered by the American Arbitration Association under its Commercial Arbitration Rules. The arbitration will be conducted in English and the seat of arbitration will be Chicago, Illinois. The arbitration shall be conducted by a single arbitrator. Judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof.

10.3 Class Action Waiver

ANY PROCEEDINGS TO RESOLVE OR LITIGATE ANY DISPUTE IN ANY FORUM WILL BE CONDUCTED SOLELY ON AN INDIVIDUAL BASIS. NEITHER YOU NOR ROUND WILL SEEK TO HAVE ANY DISPUTE HEARD AS A CLASS ACTION OR IN ANY OTHER PROCEEDING IN WHICH EITHER PARTY ACTS OR PROPOSES TO ACT IN A REPRESENTATIVE CAPACITY.

11. Term and Termination

11.1 Term

These Terms will remain in full force and effect while you use the Services or maintain an account with us.

11.2 Termination by You

You may terminate these Terms at any time by providing written notice to Round and closing your account. However, termination does not relieve you of any outstanding obligations to Round, including but not limited to:

  • Payment of any unpaid service fees
  • Settlement of any outstanding balances owed to Round
  • Compliance with any ongoing contractual obligations that survive termination

You must settle all outstanding amounts owed to Round within thirty (30) days of termination. Round reserves the right to pursue collection of any unpaid amounts through appropriate legal channels. Your account closure will not be considered complete until all outstanding obligations have been satisfied.

11.3 Termination by Round

Round may terminate or suspend your account and access to the Services at any time, without prior notice or liability, for any reason, including, without limitation, if you breach these Terms.

11.4 Effect of Termination

Upon termination, your right to use the Services will immediately cease. All provisions of these Terms which by their nature should survive termination shall survive, including, without limitation, ownership provisions, warranty disclaimers, indemnity, and limitations of liability.

12. Changes to Terms

Round reserves the right, at our sole discretion, to modify or replace these Terms at any time. We will provide notice of changes by posting the updated Terms on our website or through the App, with an updated revision date. Your continued use of the Services after any such changes constitutes your acceptance of the new Terms.

13. Miscellaneous

13.1 Entire Agreement

These Terms, together with the Privacy Policy and any other agreements expressly incorporated by reference herein, constitute the entire agreement between you and Round concerning your use of the Services.

13.2 No Waiver

Round's failure to enforce any right or provision of these Terms will not be considered a waiver of such right or provision.

13.3 Severability

If any provision of these Terms is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall be enforced to the fullest extent under law.

13.4 Assignment

You may not assign or transfer these Terms, by operation of law or otherwise, without Round's prior written consent. Round may assign or transfer these Terms, at its sole discretion, without restriction.

13.5 Notices

Any notices or other communications provided by Round under these Terms will be given by posting to the Services or by email to the address you provide during account creation.

14. Contact Information

If you have any questions about these Terms, please contact us at:

Round Grow, Inc.
Email: hello@round.dev

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