Last Updated: November 18, 2025

Legal Entity: Millcorn LLC

Trading Name: MillPay (“MillPay,” “we,” “us,” or “our”)

These Terms & Conditions (“Terms”) govern your use of MillPay’s payment services, website, software, and related products (the “Services”). By creating a merchant account or using MillPay Services, you agree to be bound by these Terms, our Privacy Policy, and any additional agreements applicable to your business.

If you do not agree with these Terms, do not use our Services.

1. Definitions

• “Merchant,” “you,” “your” — the business or individual using MillPay Services.

• “End Customer” — the person making a payment to the merchant.

• “Transaction” — a payment processed through MillPay.

• “Acquirer” — the bank or financial institution that processes card payments on behalf of MillPay.

• “Chargeback” — a reversal of a transaction initiated by an issuing bank.

2. Eligibility

To use MillPay Services, you must:

• be at least 18 years old

• operate a legally registered business in the United States

• provide accurate and verifiable information

• pass identity verification, underwriting, and compliance checks

• not operate in prohibited industries (see Section 6)

We may deny or revoke access to the Services at our sole discretion.

3. Merchant Account Registration

You agree to provide complete, accurate, and up-to-date information, including:

• business details

• ownership information

• payment settlement information

• identity verification documents

You are responsible for maintaining the confidentiality of your login credentials and for all activity under your account.

4. Payment Processing Services

MillPay facilitates payment acceptance from your customers through:

• credit and debit cards

• contactless payments

• mobile wallets

• other supported payment methods

4.1 Authorization

By using MillPay, you authorize us and our banking partners to:

• process transactions on your behalf

• credit and debit your settlement account

• hold funds when required for risk or compliance purposes

4.2 Settlement

Settlement times vary depending on:

• your industry and risk level

• bank holidays

• fraud and compliance review

MillPay may delay payouts if suspicious activity is detected.

5. Fees

You agree to pay all applicable fees for MillPay Services, including:

• processing fees

• chargeback fees

• monthly or recurring fees (if applicable)

• equipment or terminal fees (if applicable)

All fees are disclosed in your merchant agreement or pricing schedule.

MillPay may update fees with prior notice, unless prohibited by law.

6. Prohibited Businesses

You may not use MillPay for activities that are illegal, high-risk, or prohibited by our partners, including but not limited to:

• money laundering, terrorism financing

• gambling, betting, or illegal gaming

• unlicensed financial services

• counterfeit products

• adult content/services

• controlled substances not permitted by law (e.g., unlicensed CBD/THC)

• weapons or ammunition sales

• Ponzi schemes, pyramid programs, “get-rich” schemes

• any business violating card-network rules

We may terminate accounts engaged in any prohibited activity.

7. Compliance Requirements

You agree to comply with:

• Visa, Mastercard, Amex, and Discover rules

• PCI-DSS security requirements

• all applicable federal, state, and local laws

• anti-money-laundering regulations

• OFAC sanctions requirements

Failure to comply may result in account termination or withheld funds.

8. Chargebacks and Disputes

You are responsible for:

• all chargebacks

• chargeback fees

• providing evidence during disputes

MillPay may debit your settlement account or reserve funds to cover expected chargeback liability.

9. Reserves

MillPay may impose a reserve (held funds) if:

• your business is high-risk

• you have excessive chargebacks

• fraudulent or suspicious activity is detected

• required by banking partners

The reserve type may be rolling, fixed, or minimum balance.

10. Termination

We may suspend or terminate your account if:

• you violate these Terms

• your risk profile changes

• you provide false or misleading information

• required by an acquiring bank or regulatory authority

Upon termination:

• outstanding fees and obligations remain due

• funds may be held for up to 180 days for chargeback exposure, as permitted by law

You may close your account at any time by contacting us.

11. Data Privacy

Our collection and use of personal information is governed by our Privacy Policy.

By using MillPay, you authorize us to:

• collect, process, store, and share information with banking partners

• perform KYC/KYB, identity verification, and fraud monitoring

• comply with legal and regulatory requirements

12. Intellectual Property

All MillPay branding, software, content, and documentation are the sole property of Millcorn LLC.

You may not:

• copy, modify, or distribute our software

• reverse engineer or attempt unauthorized access

• use our trademarks without permission

13. Limitation of Liability

To the maximum extent permitted by law:

• MillPay is not liable for indirect, consequential, punitive, or special damages

• MillPay is not responsible for losses caused by third-party service interruptions, bank outages, network failures, or chargebacks

• MillPay’s total liability is limited to the fees you paid to us in the three months preceding the claim

Some states do not allow certain exclusions, so these limitations may not apply to you.

14. Disclaimer of Warranties

MillPay Services are provided “as is” and “as available,” without warranties of any kind, express or implied.

We do not guarantee:

• error-free operation

• uninterrupted service

• prevention of fraud

• approval of every transaction or merchant account

15. Indemnification

You agree to indemnify and hold harmless Millcorn LLC (d/b/a MillPay) from all claims, losses, liabilities, damages, and expenses arising from:

• your use of the Services

• your breach of these Terms

• your violation of laws or third-party rights

• chargebacks or fraudulent activity

16. Governing Law & Dispute Resolution

These Terms are governed by the laws of the State of New York, without regard to conflict-of-law rules.

Any disputes shall be resolved through:

1. good-faith negotiation, then

2. binding arbitration in the State of New York, unless prohibited by law

You waive the right to participate in class-action lawsuits.

17. Changes to These Terms

We may update these Terms at any time. Updated versions will be posted on our website with a new “Last Updated” date.

Your continued use of the Services constitutes acceptance of the updated Terms.

18. Contact Information

For questions about these Terms, contact:

Millcorn LLC (d/b/a MillPay)

📧 Email: office@millcorn.com

📍 Address: 1330 Avenue of the Americas, New York, NY, 10019, USA.