Common use of Loyalty Programs Clause in Contracts

Loyalty Programs. Home Credit shall exert every effort to come up with loyalty programs to give Home Credit customers and mobile app users a more rewarding experience, which will in turn be beneficial to Merchant in terms of sales and brand awareness. 5.1. Automatic Equal Payment Plan (“AEPP”) 5.1.1. AEPP service enables Home Credit customers to purchase goods from Merchant using their HCCC and pay in installment at zero percent interest. 5.1.2. All Home Credit customers who will purchase products from participating stores of Merchant through their HCCC shall be eligbile to the AEPP service, without cost to the customer, if the single-receipt purchase meets the minimum purchase requirement as agreed by the Parties and provided for in the Notice of Participation. 5.1.3. All eligible HCCC transactions shall automatically be converted by the AEPP service to installment plan at zero percent interest provided that the payment was processed at any of the Merchant’s POS terminals. The conversion shall take effect on transaction posting date. 5.1.4. HCCC transactions that do not meet the conditions set forth above shall not be eligible for the AEPP service and will be treated as a straight retail transaction. 5.1.5. Merchant shall subsidize a percentage of every HCCC transaction that is converted by the AEPP service in accordance with the Notice of Participation. 5.1.6. Monthly billing and settlement instructions for the subsidy amount are outlined in Annex “B”. 5.2. Special Cashback Program (“Cashback”) 5.2.1. Merchant shall extend a cashback in the amount to be agreed by the Parties to all HCC Cardholders or Customer during the promotion period to be agreed by the Parties in the Notice of Implementation. 5.2.2. Eligible Cardholders and Customers are entitled to earn the corresponding cashback rate, in an amount to be agreed by the Parties, for every transaction in the Merchant Branches using their HCC, HC QR Code or other Home Credit products. 5.2.3. Cashback is not transferrable and is not convertible to cash or gift certificates.

Loyalty Programs. Home Credit shall exert every effort to come up with loyalty programs to give Home Credit customers and mobile app users a more rewarding experience, which will in turn be beneficial to Merchant in terms of sales and brand awareness. 5.1. Automatic Equal Payment Plan (“AEPP”) 5.1.1. AEPP service enables Home Credit customers to purchase goods from Merchant using their HCCC and pay in installment at zero percent interest. This document is marked Internal. Do not distribute outside of the organization. 5.1.2. All Home Credit customers who will purchase products from participating stores of Merchant through their HCCC shall be eligbile to the AEPP service, without cost to the customer, if the single-receipt purchase meets the minimum purchase requirement as agreed by the Parties and provided for in the Notice of Participation. 5.1.3. All eligible HCCC transactions shall automatically be converted by the AEPP service to installment plan at zero percent interest provided that the payment was processed at any of the Merchant’s POS terminals. The conversion shall take effect on transaction posting date. 5.1.4. HCCC transactions that do not meet the conditions set forth above shall not be eligible for the AEPP service and will be treated as a straight retail transaction. 5.1.5. Merchant shall subsidize a percentage of every HCCC transaction that is converted by the AEPP service in accordance with the Notice of Participation. 5.1.6. Monthly billing and settlement instructions for the subsidy amount are outlined in Annex “B”. 5.2. Special Cashback Program (“Cashback”) 5.2.1. Merchant shall extend a cashback in the amount to be agreed by the Parties to all HCC Cardholders or Customer during the promotion period to be agreed by the Parties in the Notice of Implementation. 5.2.2. Eligible Cardholders and Customers are entitled to earn the corresponding cashback rate, in an amount to be agreed by the Parties, for every transaction in the Merchant Branches using their HCC, HC QR Code or other Home Credit products. 5.2.3. Cashback is not transferrable and is not convertible to cash or gift certificates.

Loyalty Programs. Home Credit shall exert every effort to come up with loyalty programs to give Home Credit customers and mobile app users a more rewarding experience, which will in turn be beneficial to Merchant in terms of sales and brand awareness. 5.1. Automatic Equal Payment Plan (“AEPP”) 5.1.1. AEPP service enables Home Credit customers to purchase goods from Merchant using their HCCC HCC and pay in installment at zero percent (0%) interest. 5.1.2. All Home Credit customers who will purchase products from participating stores of Merchant through their HCCC HCC shall be eligbile eligible to the AEPP service, without cost to the customerCustomer, if the single-receipt purchase meets the minimum purchase requirement as agreed by the Parties and provided for in the Notice of Participation. 5.1.3. All eligible HCCC HCC transactions shall automatically be converted by the AEPP service to installment plan at zero percent interest 0% interest, provided that the payment was processed at any of the Merchant’s POS terminals. The conversion shall take effect on transaction posting date. 5.1.4. HCCC HCC transactions that do not meet the conditions set forth above shall not be eligible for the AEPP service and will be treated as a straight retail transaction. 5.1.5. Merchant shall subsidize a percentage of every HCCC transaction that is converted by the AEPP service in accordance with the Notice of Participation. 5.1.6. Monthly billing and settlement instructions for the subsidy amount are outlined in Annex “B”. 5.2. Special Cashback Program (“Cashback”) 5.2.1. Merchant shall extend a cashback in the amount to be agreed by the Parties to all HCC Cardholders or Customer during the promotion period to be agreed by the Parties in the Notice of Implementation. 5.2.2. Eligible Cardholders and Customers are entitled to earn the corresponding cashback rate, in an amount to be agreed by the Parties, for every transaction in the Merchant Branches using their HCC, HC QR Code Code, Home Credit Pay, or other Home Credit products. 5.2.3. Cashback is not transferrable and is not convertible to cash or gift certificates.