Flow of Funds

Not-MealMe-As-Payment-Processor (NMAPP)

Not-MealMe-As-Payment-Processor (NMAPP). Orders placed with the Order API or with the SDK with the parameter charge_user=false constitute the Not-MealMe-As-Payment-Processor ("NMAPP") Flow of Funds. In this flow, consumers may pay the Licensee as the Merchant of Record for orders (as applicable), the Licensee will pay MealMe for orders and fees, and MealMe may pay the merchants and fulfillment providers for orders (as applicable). In order to gain access to placing orders, the Licensee must have a positive balance on the Licensee's account. The total cost of every order placed will be deducted from the account balance. The account balance can be increased by providing MealMe with an amount to top up by. Upon successfully topping up the account balance, the Licensee will receive a receipt including the total amount the account balance was topped up by. At the end of each week, MealMe will invoice or auto-bill the Licensee the sum of all outstanding orders and fees incurred that week (Sunday 00:00 - Saturday 24:00 UTC), including any monthly or annual fees if that week includes the beginning of a monthly or annual term, as defined in Schedule A below. The Licensee will have a 7-day period starting at the time of sending the invoice to make the payment for any invoice. Refunded orders are not Completed orders and hence will not be charged in the invoices.

MealMe-As-Payment-Processor (MAPP)

Orders placed with the Order API or with the SDK that pass the parameter charge_user=true constitute the MealMe-As-Payment-Processor ("MAPP") Flow of Funds. In this flow, consumers will pay MealMe as the Merchant of Record for each order, MealMe will pay the merchants and fulfillment providers for orders as applicable, and then MealMe will pay out the profits or invoice the losses as applicable to the Licensee. The amount the consumer will pay MealMe for the order consists of pass-through costs charged by the merchant, the delivery service, and the payment processing fees charged by Stripe or Checkout.com. There may be additional extra consumer fees as requested by Licensee ("Licensee Fees") if they are communicated to MealMe in writing (such as an email directing an additional 10% item markup, or an additional $2 fee), and MealMe will add the License Fees to all consumer orders within 7 days of receiving the request. At the end of every month, MealMe will pay the Licensee the sum of all Licensee Fees for all Completed Orders for that month, minus the sum of all fees for that month defined in Schedule A below ("MealMe Fees"), which is known as the profit for the month ("Licensee Profit"). If the Licensee Profit is negative (that is, the sum of MealMe Fees for the month is greater than the sum of Licensee Fees for the month), then MealMe will invoice the Licensee the amount owed to MealMe (which is equal to the difference between the MealMe Fees and the Licensee Fees) and the Licensee will have 7 days starting at the time of sending the invoice to make the payment for any invoice ("Negative Balance"). If the Licensee Profit is positive (that is, the sum of Licensee Fees is greater than the sum of MealMe Fees for the given month), then MealMe will initiate paying out the profit to the Licensee within 7 days following the end of the month. Refunded orders are not Completed orders and hence will not be paid out in the Licensee Profit.