1. The credit card or electronic checking information will be collected on a secure eCommerce banking
server.
2. The credit card or electronic checking numbers will be verified and either automatically be accepted or
denied. An IP address will be collected from each applicant, recorded and used for any fraud
investigations.
3. If the credit card or electronic checking number is accepted, a username and password will be displayed
on the screen for the purchaser to gain access to your “Members Only” area.
4. A receipt will be eMailed to Hughes Billing, the purchaser, and also to a third party such as your own
customer service if required.
5. Hughes Billing will keep 14.5% of the total sale of each credit card transaction for the above mentioned
services.
6. Hughes Billing will keep 14.5% of the total sale plus an additional 40 Cents for each electronic check
transaction for the above mentioned services.
7. To protect our Merchant Account from chargebacks, Hughes Billing will hold back an additional 10% of
each sale for a period of 26 weeks. This policy is set in the event that your website and the services you
are selling would suddenly become unavailable to your online Customers, and Hughes Billing would be
obligated to refund any unused subscription charges to the Customer. Any monies held back and not
used for chargebacks are refunded in the current billing period, occurring 26 weeks after the billing period
when the monies were held back. The 26 week period will start on the day of the first sale from your web
site.
8. There will be an “Annual Fee” deducted from each payout in the amount of 1% of the total sales.
This minimal deduction is to help ease the burden of a large deduction up front that is normally charge by
other companies such as banks or other 3