Merchant Terms of Service

EngX1 / Merchant Terms of Service


1.1 The following terms and conditions apply to Merchant’s use of the Services.  This terms of service (“Terms of Service”) is a contract between you and HealthCredit and it governs your use of all Services (defined below). Please read the following Terms of Service carefully so that you are aware of your legal rights and obligations with respect to us and our affiliates and subsidiaries (individually and collectively, “Company”, “we”, “us” or “our”).  BY USING THE SERVICES OR OPENING AN ACCOUNT, YOU SIGNIFY YOUR IRREVOCABLE ACCEPTANCE OF THESE TERMS OF SERVICE.  We have the right to revise these Terms of Service at any time without providing notice to you. Your use of the Services shall be deemed irrevocable acceptance of these Terms of Service and any such revisions.  


2.1 In this Terms of Service, the following words will have the meanings assigned to them in this clause, except where inconsistent with the context:

Application” means the application operated by HealthCredit or its affiliate (as amended from time to time) for the provision of Services; 

Card or Payment Scheme” means any card payment systems (such as VISA, MasterCard, American Express or others) or bank payment scheme (such as direct banking system, direct debit system or bank transfer system);
Merchant Account” means Merchant’s registered electronic money account(s) held with HealthCredit or bank account designated by Merchant (as the case may be);

Merchant Product/Service” means any product or service offered by Merchant to its customers and which is ordered, purchased or otherwise provided to a customer pursuant to a Transaction;
Merchant Registration Form” means the registration form completed and signed by Merchant for the Services;

Services” means electronic payment solutions via the internet and all other products and services offered by HealthCredit through any other means; and
Transaction” means any transaction between Merchant and its customer using the Services for the purchase of goods and/or services from Merchant.  

2.2 Headings are for convenience only and shall not affect the construction or interpretation of this Terms of Service.


3.1 Merchant acknowledges and agrees that: 

(a) HealthCredit operates solely as a payment intermediary and: (i) under no circumstances acts as a seller, purchaser, dealer, middleman, retailer, auctioneer, supplier, distributor, manufacturer, broker, agent or merchant of Merchant Product/Service; and (ii) makes no representations or warranties and does not ensure the quality, safety and/or legality of any Merchant Product/Service.  HealthCredit does not guarantee the identity of any customers or ensure that a customer will complete a Transaction;     

(b) any dispute arising out of any Merchant Product/Service is between the sender and receiver of the funds and/or the supplier and receiver of the goods or services.  Any Transaction in relation to the Merchant Product/Service shall only obligate Merchant.  HealthCredit shall not be a party to any resulting dispute including but not limited to disputes over performance and liability issues relating to the delivery, quality, quantity or use of the Merchant Product/Service.  HealthCredit may, on a case by case basis and at the customer’s own costs expenses, facilitate the customer to request from the Merchant any refund paid for the goods and/or services by the customer. 

(c) HealthCredit Services, including its gateway service, only facilitate the execution of payments from a customer to Merchant.  Any payment monies collected from customers and received by HealthCredit shall be settled and transferred into the Merchant Account within a fixed timeframe on a daily, weekly, biweekly or monthly basis, as agreed by the Parties after deduction of any fees due to HealthCredit including any applicable taxes and/or duties.  Merchant agrees to be responsible for all the costs, expenses, fees and/or bank charges applicable to the settlement and transfer.

3.2 Merchant is aware that the receipt of a payment into the Merchant Account does not amount to the receipt of cleared funds.  Merchant remains liable to HealthCredit for the full amount of the payment and any fees deducted therefrom if the payment is later reversed for any reason (“Reversal Amount”).  In the event of a payment reversal, HealthCredit is entitled to debit the Merchant Account with the Reversal Amount and any applicable third party chargeback or reversal fee.  If HealthCredit is unable to fully recover the Reversal Amount and/or the applicable third party chargeback or reversal fee from the Merchant Account (including any monies transferred into it after the payment reversal), Merchant is required to repay the Reversal Amount and/or any negative balance of the Merchant Account by depositing funds into such Merchant Account to ensure that the Reversal Amount and/or any negative balance can be fully recovered by HealthCredit.  Failure to do so is a breach of these Terms of Service.  Repayment of the Reversal Amount and/or any negative balance is due immediately without notice.  HealthCredit reserves the right to, at any time, demand repayment by Merchant for such amount.  

3.3 HealthCredit reserves the right to suspend, at any time and at its sole discretion, the Merchant Account and/or the Services in any of the following circumstances: 

(a) where HealthCredit believes it is necessary or desirable to protect the security of the Merchant Account and/or the Services;

(b) if any Transactions are made which HealthCredit in its sole discretion deems to be (i) made in breach hereof or in breach of the security requirements of the Merchant Account and/or the Services; or (ii) suspicious, unauthorized or fraudulent, including but without limitation to, money laundering, terrorism financing, fraud or other illicit activities;
(c) upon the insolvency, liquidation, winding up, bankruptcy, entrance into receivership or dissolution of Merchant, or where HealthCredit considers that there is a reasonable likelihood for any of the foregoing to occur;

(d) if the Transactions are for the sale of goods and/or services which fall outside of the agreed business activities of Merchant, or where Merchant fails to deliver such goods and/or services, and/or where Merchant is engaged in third party processing and not delivering goods and/or services itself; or 

(e) otherwise in connection with HealthCredit’s compliance with any applicable laws and regulations.

3.4 In the event that HealthCredit suspends the Merchant Account and/or the Services provided to Merchant, HealthCredit may reinstate the same and, where necessary, provide new security details such as a password, as soon as practicable after the reason for the suspension ceases to exist.

3.5 HealthCredit Marketplace
(1) HealthCredit Marketplace (“HealthCredit”) owns and operates a platform in the Singapore that allows merchants to list and sell their products to the public over the internet. This platform is currently provided on the website, but may be provided on different websites or applications in the future.
(2) The merchant will have the opportunity to sell their products on the HealthCredit platform. HealthCredit is entitled to accept purchases on behalf of the merchant. The service provided by HealthCredit is limited to referring customers to the merchant and accepting orders and payments on their behalf. In addition to this at HealthCredit’s discretion they may provide the merchant with analytics about the performance of the merchant’s products and additional marketing support. This support may be reflective of the agreed level of commission.
(3) The merchant authorises HealthCredit to accept binding orders from customers on their behalf.
(4) HealthCredit may carry out changes to the website or service, or suspend the service, without notice.

3.6 HealthCredit’s rights and obligations
(1) The merchant acknowledges that the relationship between customers and HealthCredit is governed by the privacy policy and the general terms and conditions, both available on the website.
(2) HealthCredit will present on the website the approved products listed by the merchant. The merchant will be responsible for listing their own products.
(3) HealthCredit is authorised to accept binding sales on behalf of the merchant and will be careful to pass order data on to the merchant as well as technology allows.
(4) In order to maintain its reputation for quality and high standard of service, HealthCredit reserves the right to terminate the relationship with the merchant if the merchant repeatedly receives bad reviews or complaints, or fails to comply with our recommendations.

3.7 merchant’s rights and obligations
(1) The merchant is obliged to provide all the information necessary when listing a product on HealthCredit. This should include but is not limited to, a detailed title and sub-title, price, quantity, picture and description. The merchant must never knowingly deceive a potential customer by misrepresenting their product/s. The merchant must notify HealthCredit of any changes to the detail of their listings while uploaded on the site.
(2) The merchant guarantees that information listed on HealthCredit relating to his products satisfies all legal requirements, and in particular satisfies information requirements for consumer protection.
(3) The merchant guarantees that the information provided by him does not violate any third party’s copyright.
(4) The merchant will contact the customers no more than is necessary for processing the transactions referred by HealthCredit. In particular, the merchant will not send any advertising email or other commercial advertisements to the customer without prior agreement from HealthCredit or the expressed wish of the customer. When delivering products sold via HealthCredit, the merchant will not advertise any of HealthCredit’s competitors.
(5) The merchant will process orders and arrange delivery with all reasonable care the moment the merchant receives confirmation of sale through the HealthCredit site, email and/or text message. The delivery options and time indicated on their listing is binding, orders should be fulfilled within 1 working day. The merchant is required to keep his advertised products and services available to the best of his ability.
(6) If the merchant cannot fulfill an order submitted to him, he must notify HealthCredit as soon as possible, and within 1 day of receiving the order at the latest.
(7) The merchant agrees to adhere to his range of products and prices as provided to HealthCredit and as described on their listing on the website. The merchant guarantees that there are no ongoing criminal, bankruptcy or tax proceedings or other penalties outstanding in relation to the products they are selling through the platform. The merchant further guarantees to take great care to keep up-to- date his range of products, stock count, prices and associated terms and conditions, like delivery fees.
(8) The merchant representative is to provide HealthCredit with a copy of his/her official IDs, permits and registration at the contract signature.

3.8 Commission
(1) The merchant agrees to pay HealthCredit a fixed percentage commission on the gross revenue from the sales made through the HealthCredit platform. Depending on the category it may be appropriate to agree different commission percentages for certain items or product categories.
(2) HealthCredit may start charging additional fees for the sale of goods through the platform at any point. These may include but are not limited to, listing fees, multiple photos fees and enhanced marketing fees. In the event of the introduction of further fees, the merchant will be notified prior to their commencement in writing and they will have the option to opt out.
(3) HealthCredit reserves the right to adjust the percentage commission, providing suitable notice is served in advance to the merchant. HealthCredit will give the merchant adequate notice of any commission changes, in writing. This does not cover adjustments that constitute a material change of the contract terms, which would require an additional agreement on the change.


4.1 Merchant shall open and maintain a Merchant Account by registering as a merchant with HealthCredit.  Merchant shall integrate the Services into its operations and operate the same in accordance with HealthCredit’s instructions.  Merchant shall be responsible for maintaining adequate security and control of any and all identifications, passwords, personal identification numbers (PINs), or any other codes that Merchant uses to access the Services.

4.2 Merchant shall not receive payments as consideration for delivery of tobacco products, prescription or non-prescription drugs, pornographic content or services, illegal downloads, illegal gambling or goods or services infringing intellectual property rights of a third party, or for any other goods or services that offering or provision of which is against public moral or illegal under applicable law. 

4.3 Merchant shall cooperate with HealthCredit at Merchant’s cost to investigate any suspicious illegal, fraudulent or improper activity related to any Transactions.

4.4 At any time, for the purpose of complying with applicable law, Merchant shall provide HealthCredit with such information as HealthCredit may request, including information about Merchant’s business.  Merchant shall inform HealthCredit in writing of any material changes to its business including business model, the goods and/or services, shop name, website or payment method, no later than thirty (30) days prior to such changes. Such change shall be effective only when received and agreed by HealthCredit.  Merchant shall indemnify HealthCredit against all losses liabilities, costs and expenses (including full reimbursement of any legal and professional costs) arising out of the Merchant’s failure to notify HealthCredit of such changes.         

4.5 Merchant shall not charge its customers a processing fee, markup or other surcharge for making payments through the Services.

4.6 Merchant shall deliver the Merchant Product/Service to its customers without undue delay.  Merchant shall retain any documents evidencing the customer’s receipt of the goods and/or services ordered by the customers for at least 2 (two) years from the date on which the customer received the goods and/or services.  Merchant acknowledges that HealthCredit shall not be liable for any defects of such goods and/or services.  

4.7 The Merchant Product/Service that are made available to customers shall comply with applicable laws in any jurisdiction in or to which Merchant makes its goods and/or services available.  

4.8 Merchant shall at all times have all relevant licenses and permits to conduct Merchant’s business and/or sale of Merchant Product/Service.

4.9 Merchant represents and warrants that it is not receiving funds in connection with any illegal, fraudulent, deceptive or manipulative act or practice and that Merchant is not sending or receiving funds to or from an illegal source. 

4.10 Neither Merchant nor any of its subsidiaries or affiliates, nor any director or officer of Merchant, nor, to Merchant’s knowledge after due inquiry, any director or officer, employee, agent, controlled affiliate or representative of the Merchant or any of its subsidiaries or affiliates (“Person”), is an individual or entity that is, or is owned or controlled by a Person that is currently the subject of any sanctions administered or enforced by the U.S. Department of Treasury’s Office of Foreign Assets Control, the United Nations Security Council, the European Union or Her Majesty’s Treasury (collectively, “Sanctions”), nor located, organized or resident in a country or territory that is currently the subject of Sanctions.  Merchant will not use the Services in any manner that will result in a violation of Sanctions by any Person, including HealthCredit and any of its affiliates, directors, officers, employees and agents. Merchant and its subsidiaries and affiliates have not knowingly engaged in, are not now knowingly engaged in, and will not engage in, any dealings or transactions with any Person, or in any country or territory, that at the time of the dealing or transaction is or was the subject of Sanctions.  Merchant agrees that it, its subsidiaries and affiliates and any Person shall conduct business in compliance with Anti-corruption Laws and shall not take any action, directly or indirectly, that would result in a violation of such laws, including but not limited to providing, offering, or promising, directly or indirectly, anything of value to any governmental authority or official that would result in a breach of any anti-corruption laws.

4.11 The operations of Merchant and its subsidiaries and affiliates shall be at all times in compliance with all material aspects with applicable financial recordkeeping and reporting requirements and the money laundering statutes of all applicable jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines issued, administered or enforced by any governmental agency.


5.1 The fees payable by Merchant for the Services are as set out in the Merchant Registration Form, which shall form part of these Terms of Service.  Unless otherwise indicated, fees are quoted in Singapore currency, which is exclusive of GST. 

5.2 HealthCredit may vary the fees, or advise Merchant of any additional fees, applicable to these Terms of Service at any time by posting a notice on the EngX1 website or Application and/or by sending Merchant a notice via email or postal mail.  

5.3 Any applicable taxes, duties and/or fees shall be borne by Merchant, and Merchant hereby authorizes HealthCredit to deduct such taxes, duties and/or fees as required by law. 

5.4 It is Merchant’s sole responsibility to determine which, if any, taxes and/or duties apply to the payments received, and to report and remit the correct tax to the competent tax authority.                 


6.1 HealthCredit and/or its licensors reserve and shall retain its entire right, title and interest in all copy rights, trademarks and other intellectual property rights therein and relating thereto, except as expressly granted to Merchant in these Terms of Service.

6.2 Merchant grants HealthCredit a worldwide, non-exclusive, royalty-free, non-transferable license to copy, use and display any logo, trademark, trade name or other intellectual property owned by, or licensed to Merchant for the purpose of (i) identifying Merchant as a merchant that accepts the Services as a payment form; and (ii) any other use to which Merchant specifically consents.  Merchant hereby warrants and represents that it owns or has the right to use and sublicense any intellectual property which it uses or licenses for use to HealthCredit.

6.3 “HealthCredit” and all other URLs, logos, trademarks, intellectual property related to the Services are either trademarks or registered trademarks of HealthCredit or its licensors.  Merchant shall not copy, imitate or use them without HealthCredit’s prior written consent.  In addition, Merchant shall not copy, modify or amend any of the Services or intellectual property related to the Services.  All right, title and interest in and to the Services, the technology related to the Services, and any and all technology and any content created or derived from any of the foregoing is the exclusive property of HealthCredit and/or its licensors. 

6.4 With regard to the intellectual property owned or licensed by Card or Payment Schemes, Merchant shall follow instructions given by the relevant Card or Payment Scheme.  Merchant shall not use such intellectual property in a way that is or may be detrimental to the business or brand of the relevant Card or Payment Scheme. 



7.2 HealthCredit shall not be liable for any of the following:

(a) a hardware, software, mobile device and/or internet connection is not functioning properly; 

(b) any suspension or refusal to accept payments which HealthCredit reasonably believes to be made fraudulently or without proper authorization; 

(c) the payment instructions received contain incorrect or improperly formatted information; or 

(d) unforeseen circumstances preventing the proper performance despite any reasonable precautions taken by HealthCredit.  Such circumstances may include but are not limited to acts of God, power outages, fire, flood, theft, equipment/device breakdowns, hacking attacks, internal mechanical or system failures, civil disturbance, war as well as downtimes of the Application.


8.1 Merchant represents and warrants that: 

(a) the entry into these Terms of Service and the performance thereof by Merchant has been duly authorised and constitutes a valid and binding agreement of Merchant, enforceable against it in accordance with the terms thereof;

(b) all information furnished to HealthCredit is true, accurate and not misleading;

(c) all formal consents, waivers, approvals, authorisations, exemptions, registrations, licenses or declarations of or by or filing with, any authority or contracting party which are required to be made or obtained by Merchant in connection with the entry into these Terms of Service and the performance of the same, have been duly obtained; and

(d) the entry, delivery and performance of these Terms of Service by Merchant will not violate or conflict in any material respect with any law, rule, regulation, code, ordinance, judgment, order, writ, injunction, decree or other requirement of any court/tribunal or of any governmental body or agency thereof applicable to Merchant and/or the sale of the Merchant Product/Service.


9.1 Merchant acknowledges that when Merchant downloads, installs or uses the Services, HealthCredit may use automatic means (including, for example, cookies and web beacons) to collect information about Merchant’s device and about Merchant’s use of the Services.  Merchant also may be required to provide certain information as a condition to downloading, installing or using the Services or certain of its features or functionality.  All information collected by HealthCredit through or in connection with the Services is subject to HealthCredit’s Privacy Policy.  By downloading, installing, using and providing information to or through the Services, Merchant consents to all actions taken by HealthCredit with respect to the Merchant’s information in compliance with the Privacy Policy.


10.1 HealthCredit may terminate its provision of the Services immediately: 
(a) if Merchant files a petition for bankruptcy, becomes insolvent, or makes any arrangement or composition with or assignment for the benefits of its creditors, or a receiver is appointed for Merchant or its business, or Merchant goes into liquidation either voluntarily (otherwise than for reconstruction or merger) or compulsorily; 

(b) upon the occurrence of a material breach of these Terms of Service by Merchant or if such breach is capable of remedy, is not remedied within the time specified by HealthCredit; or 

(c) Merchant violates or fails to comply with any applicable law, regulation or any order by a competent court or government authority; 

10.2 Either Party may terminate the Services by giving the other Party thirty (30) days’ prior written notice.


11.1 In no event shall either Party be liable for indirect, incidental, special, punitive or consequential damages, including loss of use, loss of profits or interruption of business, however caused or on any theory of liability.

11.2 HealthCredit’s liability to Merchant for any and all losses arising out of or in connection with these Terms of Service shall in no event exceed the fees received by HealthCredit from Merchant in the three (3) months prior to the event giving rise to such liability.


12.1 Merchant shall fully indemnify and hold HealthCredit, its parents, subsidiaries, affiliates, suppliers and agents and their respective officers, directors and employees (the “Indemnified Party”), harmless from any loss, liability, costs and expenses (including full reimbursement of any legal and professional costs) which the Indemnified Party suffers or incurs as a result of, or in connection with, any claim made or threatened by a third party relating to any Merchant Product/Service and/or any breach of these Terms of Service and/or use of the Services by Merchant.


13.1 Neither Party shall be liable to the other for loss or damage resulting from delay or failure to perform these Terms of Service, or any terms hereunder, either in whole or in part, when the same is due to causes beyond its reasonable control, including but not limited to civil war, insurrections, strikes, riots, fires, floods, explosions, earthquakes, serious accidents or any acts of God, government regulations, epidemics, quarantine or labour trouble resulting in cessation, slowdown or interruption of work. In the event of the same, the Parties’ obligations herein and the delivery dates shall be extended for the periods of such circumstances only so far as they affect the performance of these Terms of Service.  

13.2 The Party affected shall as soon as possible notify the other Party in writing of the commencement and (if applicable) end of said circumstances.


14.1 The Parties are independent contracting parties, and nothing in these Terms of Service will make any Party the employee, partner, agent, legal representative, trust or joint venturer of the other for any purpose whatsoever, nor does it grant either Party any authority to assume or to create any obligation on behalf of or in the name of the other.


15.1 HealthCredit may assign any of its rights or obligations  under  these Terms of Service without the  prior written consent of Merchant.  For the purpose of this clause, assignment will include any assignment by operation of law and change in control of a Party.

15.2 Merchant may not assign any of its rights under these Terms of Service to any person without the prior written consent of HealthCredit.

15.3 Merchant may not allow, permit or let other person or merchant(s) to use the Services without the prior written consent of HealthCredit.


16.1 these Terms of Service constitute the entire agreement between the Parties concerning the subject matter of these Terms of Service and supersedes all prior negotiations, arrangements, agreements and understandings, either oral or written, between the Parties.


17.1 these Terms of Service shall be governed by the laws of Singapore and the Parties hereto agree to submit to the exclusive jurisdiction of the Singapore courts.  In the event of any dispute, controversy, claim or difference of any kind whatsoever arising between the Parties in connection with these Terms of Service, including the breach, termination or validity of these Terms of Service, or in connection with the determination of any matters which are subject to objective determination pursuant to these Terms of Service (“Dispute”), which Dispute has been subject of a written notice by one Party to the other (“Dispute Notice”), the Parties shall attempt, for a period of thirty (30) days after the receipt by one (1) Party of a notice from the other Party of the existence of a Dispute, to settle such Dispute in the first instance by mutual discussions between the senior management of each of the Parties. 


18.1 In the event of the invalidity of any part or provision of these Terms of Service such invalidity must not affect the enforceability of any other part or provision of these Terms of Service.


19.1 Clauses 8 (Merchant Representations and Warranties), 11 (Liability), 12 (Indemnity), 17 (Governing Laws) and 19 (Survival) shall survive the expiration and termination of these Terms of Service.


20.1 A Party’s failure to exercise or delay in exercising a right or power does not operate as a waiver of that right or power and does not preclude the future exercise of that right or power.

Last updated: 2022 February 17