PO Box 25993 | Overland Park, KS 66225-9700 | BestBuyBusinessAdvantageAccount.com | ph 1-800-201-4882 | fax 1-913-217-9319 | customer.support@bbadvantage.com
rev 07/2017
Page 4 of 5
Initial
Best Buy® Business Advantage Accountholder Agreement (“Agreement”)
WHEREAS Multi Service Technology Solutions, Inc. (MSTS), a Florida Corporation, is engaged in the business of providing a purchase program for products
and services offered for sale by Best Buy®, and which program is called Best Buy® Business Advantage;
and
WHEREAS applicant requests MSTS to provide such purchase program.
NOW THEREFORE, the parties hereto agree to be legally bound as follows:
1. The Best Buy® Business Advantage cards and/or account numbers (“Card” or “Account”) are issued by, and credit is extended by, MSTS, P.O. Box 10922,
Shawnee Mission, KS 66225.
2. The applicant authorizes MSTS to investigate the credit history of applicant through commercial reporting companies, direct inquiries to businesses
where applicant has accounts, and review of personal credit histories, where appropriate, by obtaining consumer credit reports. MSTS represents
that information contained on any consumer credit report obtained will only be used for deciding whether to extend or approve credit for applicant’s
business and will not be used with respect to any decision to extend credit for personal, family or household purposes.
3. If approved, the applicant and holder of the Account (“Accountholder”) represents that the Account will only be used for business or commercial
purposes and at no time shall the Account be used for personal, family or household purposes.
4. Usage of the Best Buy® Business Advantage Account by the Accountholder named on it constitutes acceptance of all terms and conditions contained in
this Agreement, as such terms and conditions may be amended from time to time by MSTS effective upon no less than 15 days’ prior written notice (and
if no effective date is given in such notice, then 15 days from the date of such notice). Usage by the Accountholder includes the retention or use of the
Account by (i) the Accountholder as named on it, (ii) any person or entity under Accountholder’s direction or control, and (iii) any Best Buy® location to
whom the Accountholder or any person or entity under Accountholder’s direction or control has, at any time supplied Account numbers.
5. The Accountholder is liable for any unauthorized uses of the Account, and the Accountholder agrees to be responsible for any unauthorized use.
6. All requested changes to Account must be made in writing on ofcial letterhead, in an e-mail, or through the program website, by an ofcer and/or
authorized representative of the Accountholder.
7. MSTS is not a seller of merchandise. MSTS neither sells nor warrants in any respect any of the goods or services obtained from Best Buy® locations.
MSTS’s sole function is to furnish credit and billing services; MSTS does not warrant any merchandise or services from any source obtained by the use of
MSTS’s credit or billing services.
MSTS HEREBY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, RELATING TO ANY SUCH GOODS OR SERVICES, INCLUDING, WITHOUT
LIMITATION, ANY WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT.
8. A credit line will be assigned to each Accountholder. This line includes all unpaid purchases, whether billed or unbilled. If Accountholder nds its credit
line to be inadequate, Accountholder shall notify MSTS at 800-201-4882 and request a change to its credit line. MSTS will review and modify credit limits
in accordance with MSTS credit policies.
9. Statements will be distributed daily, and Accountholder payments are due within 30 days of the statement date. Statements outstanding more than 30
days are considered delinquent. Delinquent Accounts may be assessed late charges at a monthly rate of 1.5% of the transaction value per month on all
outstanding transactions. Late fees are assessed at the invoice level. They are not based on entire amount billed in a billing period. The Accountholder is
liable for all late charges assessed to the Account and must pay these charges to keep its Account in good standing.
10. The payment terms stated in this Agreement apply to all invoices, and supersede the payment terms of any Purchase Order (P.O.), third party contract or
any other documentation the Accountholder may have signed.
11. Accountholder may pay its Best Buy® Business Advantage statement via any of the available payment options.
12. Accountholder shall make payments to MSTS or MSTS’s designated agent as frequently as may be necessary to keep the Account balance within the
line of credit and within payment terms. If Accountholder’s bank or Accountholder for any reason should fail to timely pay any amount due MSTS,
Accountholder understands and agrees that MSTS may immediately suspend all Accounts held by Accountholder and draw against any letter of credit or
other security held by MSTS on behalf of the Accountholder. If Accountholder’s bank should fail to honor payment to MSTS or Accountholder’s Account
becomes delinquent, MSTS may require immediate and full payment of all outstanding amounts. In the event that a payment made to MSTS or MSTS’s
designated agent is returned by the Accountholder’s bank, MSTS reserves the right to charge a returned payment fee to the Accountholder’s Account in
the amount of $50.00 or the maximum amount permitted by the law.
13. In the event that the Accountholder maintains a credit balance on the Account for longer than three (3) months and the Accountholder does not provide
MSTS with instruction on how to handle the credit balance, MSTS is hereby authorized to deduct and retain a dormancy and Account management fee
equal to two percent (2%) of the credit balance per month so long as the credit balance exists.
14. Accountholders have one hundred eighty (180) days from the billing statement date to dispute charges. All disputes must be received by MSTS in
writing from the Accountholder within such one hundred eighty (180) day period. If an Account transaction is not disputed within one hundred eighty
(180) days from the billing statement date, the Accountholder is liable for all charges related to the transaction.
15. This Agreement, and any continuing guaranty, as may be required, is governed by the laws of the State of Texas, without reference to conicts of laws
principals, and it is agreed that jurisdiction of any legal action connected with this Agreement shall be exclusively in the state or federal courts located
in the State of Texas. Notwithstanding the foregoing, MSTS may, at its option, choose to pursue legal action against the Accountholder in any state or
province in which the Accountholder does business or where jurisdiction may otherwise be proper.