Common use of Merchant of Record Clause in Contracts

Merchant of Record. “MOR” 1. You have the following options when selling through Herbalife One: 2. Under both options, all orders are delivered automatically by Herbalife to the customer from the Herbalife warehouse: a. Distributor as MOR (PayPal Payments). To exercise this option, you will need to change the default settings by visiting the Payment Settings section and changing the settings to “PayPal Payments”. Under this option you are the MOR (Merchant of Record) i.e. the legal seller of Herbalife products to customers. Consequently, you are responsible for matters such as processing payments, handling sales taxes, and dealing with complaints, returns, refunds and chargebacks. Under this model you may use PayPal for handling payments. PayPal integrates into your Herbalife One site and allows you to accept payments for internet sales to your customers. PayPal enables you to split the sales proceeds between you, as an Independent Herbalife Distributor, and Herbalife. This means that when a customer places and pays for an order on your Herbalife One site, PayPal will credit your Business Account with the difference between the retail price to your customer and your wholesale price at which you purchased from Herbalife and will credit ▇▇▇▇▇▇▇▇▇’s PayPal Account with the remainder of the funds. You will be responsible for any processing fees of PayPal and for taxes and shipping costs. In order for PayPal to provide you with this service, you must already have a PayPal Business Account. In addition, you have to authorize PayPal to process and transfer payments from your PayPal Account to Herbalife’s PayPal Account as described above, subject to your User Agreement with PayPal.‌ If you do not have a PayPal Business Account or do not wish to set one up, you can opt to have Herbalife handle the payments for you by choosing the option below.

Merchant of Record. “MOR” 1. You have the following options when selling through Herbalife One: 2. Under both options, all orders are delivered automatically by Herbalife to the customer from the Herbalife warehouse: a. Distributor as MOR (PayPal Payments). To exercise this option, you will need to change the default settings by visiting the Payment Settings section and changing the settings to “PayPal Payments”” . Under this option you are the MOR (Merchant of Record) i.e. the legal seller of Herbalife products to customers. Consequently, you are responsible for matters such as processing payments, handling sales taxes, and dealing with complaints, returns, refunds and chargebacks. Under this model you may use PayPal for handling payments. PayPal integrates into your Herbalife One site and allows you to accept payments for internet sales to your customers. PayPal enables you to split the sales proceeds between you, as an Independent Herbalife Distributor, and Herbalife. This means that when a customer places and pays for an order on your Herbalife One site, PayPal will credit your Business Account with the difference between the retail price to your customer and your wholesale price at which you purchased from Herbalife and will credit ▇▇▇▇▇▇▇▇▇’s PayPal Account with the remainder of the funds. You will be responsible for any processing fees of PayPal and for taxes and shipping costs. In order for PayPal to provide you with this service, you must already have a PayPal Business Account. In addition, you have to authorize PayPal to process and transfer payments from your PayPal Account to Herbalife’s PayPal Account as described above, subject to your User Agreement with PayPal.‌ PayPal. If you do not have a PayPal Business Account or do not wish to set one up, you can opt to have Herbalife handle the payments for you by choosing the option below.