Terms of Fold+ Membership

Last Updated: October 30, 2020

These Fold+ Membership Terms (the “ Terms”) set forth the terms and conditions that govern the Fold, Inc. (“Fold”, “we,” or “us”) Fold+ subscription and membership.  By purchasing a Fold+ membership subscription, you are entering into a legal agreement between you (“you,” or “your”) and Fold.  By clicking “accept” to purchase a subscription, or buy making a purchase using the Fold+ subscription pricing, you agree to be bound by these Terms.  These Terms do not alter in any way the terms or conditions of any other agreement you may have with any other party for products, services or otherwise.

Fold reserves the right to change or modify these Terms at any time and in our sole discretion.  If Fold makes changes to these Terms, we will provide notice of such changes, by providing notice through the Services, by e-mail and/or by updating these Terms (as indicated by the “Last Updated” date found at the top of these Terms).  You agree to receive notifications through these means and your continued use of the Services will indicate your acceptance of the revised Terms.  If you do not agree to any amended Terms, you must stop using the Services.

IF YOU DO NOT AGREE TO THESE TERMS, YOU MUST IMMEDIATELY CANCEL YOUR MEMBERSHIP.  

Fold reserves the right to refuse or terminate all or part of our Fold+ membership to anyone for any reason in our sole discretion.

Membership Activation

If you have an active Fold Prepaid Debit Card Account, you are automatically enrolled in the Fold+ membership, at no additional charge.  

If you have a Fold App account, you can inquire about purchasing a Fold+ membership by reaching out to customer support at [email protected]  

Membership Cancellation

You may cancel your Fold+ membership at any time by contacting Fold Customer Service at [email protected] If you cancel your membership within 10 days of signing up for the membership or the membership renewing, we will refund your full membership fee; provided that we may charge you (or withhold from your refund) the value of Fold+ discount benefits used by you and your account prior to cancellation. If you cancel at any other time, your membership fee is non-refundable.

If you received a complementary Fold+ Membership with your Fold Visa Prepaid Debit Card Account, your Fold+ Membership will terminate when your Fold Visa Prepaid Debit Card Account becomes inactive or is closed.  

Discount Benefits and Eligible Purchases

Fold+ discount rates may be changed at any time, may be limited to a single use and limited to certain products sold by Fold, and may not be combined with each other or with most other Fold offers or credits. If a product is eligible for purchase with one or more discount benefits or rate that may still be used, the discount(s) will automatically be available as an option to apply to your order during checkout. Discount rates do not stack.

We may exclude products from the Fold+ discount benefit at our discretion. The Fold+ section of our Help pages provides additional information about membership and benefits and may be updated from time to time.

If you received a free Fold+ Membership with your Fold Prepaid Debit Card Account, you may only obtain the Fold+ discount rates on purchases on Fold that utilizes your Fold Prepaid Debit Card Account.  Purchases made on Fold using other payment methods will not be eligible for Fold+ discount rates.

Other Limitations

We may send you email and other communications related to Fold+ and your Fold+ membership (regardless of any settings or preferences related to your Fold+ account).

You may not transfer or assign your Fold+ membership or any Fold+ benefits, including promotion codes for Fold+ memberships or benefits, except as allowed in these terms. Fold+ members are not permitted to purchase products for the purpose of resale, rental, or to ship to their customers or potential customers using Fold+ benefits.

From time to time, Fold may choose in its sole discretion to add or remove Fold+ membership benefits, or products eligible for Fold+ benefits.  All Fold+ membership benefits, including any discounts, credits, promotions, or other benefits granted during a membership term expire in entirety at the end of the applicable term and may not be extended beyond the term or transferred to or rolled over into any subsequent term whether by auto-renewal or re-purchase.

Furthermore, no refunds, discounts, or other forms of compensation will be given for any unused Fold+ membership benefits at any point during or upon completion of a membership term.

Fees and Renewal

The membership fee for Fold+ is stated in the Fold+ section of our Help pages. From time to time, we may offer different membership terms, and the fees for such membership may vary. The Fold+ membership fee is non-refundable except as expressly set forth in these Subscription Terms. Taxes may apply on either or both of the membership fee and the reduced product charges when using discount benefits.

If all payment methods we have on file for you are declined for payment of your membership fee, you must provide us a new, acceptable payment method promptly or your membership will be canceled. If you provide us with a new payment method and are successfully charged, your new membership period will be based on the original renewal date and not the date of the successful charge.

UNLESS YOU NOTIFY US BEFORE A CHARGE THAT YOU WANT TO CANCEL OR DO NOT WANT TO AUTO RENEW, YOU UNDERSTAND YOUR FOLD MORE MEMBERSHIP WILL AUTOMATICALLY CONTINUE AND YOU AUTHORIZE US (WITHOUT NOTICE TO YOU, UNLESS REQUIRED BY APPLICABLE LAW) TO COLLECT THE THEN-APPLICABLE MEMBERSHIP FEE AND ANY TAXES, USING ANY CREDIT CARD WE HAVE ON RECORD FOR YOU.

Termination by Us

We may terminate your Fold+ membership at our discretion without notice. If we do so, we will give you a prorated refund based on the number of full months remaining in your membership. However, we will not give any refund for termination related to conduct that we determine, in our discretion, violates these Terms, any other agreement between you and Fold, or any applicable law, involves fraud or misuse of the Fold+ membership, or is harmful to our interests or another user. Our failure to insist upon or enforce your strict compliance with these Terms will not constitute a waiver of any of our rights.