Meta Invoice Rewards Addendum to Slash Rewards Terms
Effective date:
1. Introduction
This Meta Invoice Rewards Addendum (“Meta Addendum”) is incorporated into and made part of the Slash Rewards Terms (the “Rewards Terms”) between you (“Company,” “you,” or “your”) and Slash Financial, Inc. (“Slash”). Capitalized terms not defined in this Meta Addendum have the meanings in the Rewards Terms or the Slash Terms of Service. If there is any conflict between the Rewards Terms and this Meta Addendum, this Meta Addendum controls solely with respect to the Meta Invoice Rewards Program.
This Meta Addendum governs Company’s eligibility for, and earning of, promotional Rewards in connection with certain payments to Meta (as defined below). These Rewards are offered by Slash, not by any bank, card network, payment processor, or Meta (as defined in 4.2.2 below).
Slash may modify, suspend, or terminate the Meta Addendum at any time, subject to applicable law.
2. Program Overview
Slash may offer, in its sole discretion, a promotional rewards program for eligible payments to Meta (the “Meta Invoice Rewards Program”). Under this Meta Addendum, Slash may award Company Cashback Credits equal to 1% of Company’s Eligible Meta Payments (defined below), subject to (i) Company’s Qualifying Balance Tier and (ii) the applicable Monthly Eligible Meta Spend Cap. For avoidance of doubt, notwithstanding anything in the Rewards Terms to the contrary (including any statement that Cashback Credits are only available for Card purchases), Cashback Credits may be earned under this Meta Addendum on Eligible Meta Payments even though they are not Card purchases. All other Rewards Terms regarding eligibility, forfeiture, errors, offsets, and redemption apply unless expressly modified by this Meta Addendum.
3. Eligibility
To earn Rewards under this Meta Addendum, Company’s Slash Account(s) must be continuously in good standing, and Company must remain in compliance with the Slash Terms of Service, the Rewards Terms, and all policies incorporated by reference. Slash may deny, limit, suspend, or revoke eligibility as permitted by applicable law.
Further, Company is not eligible for Meta Invoice Rewards if Slash determines, in its sole discretion, that Company is abusing or attempting to game the Meta Invoice Rewards Program, including by (a) attempting to route non-Meta payments through payee descriptors to appear as Meta, (b) generating circular or self-dealing transactions, or (c) manipulating balances or transactions to increase rewards. Slash may offset or claw back Rewards awarded in connection with such activity.
4. Earning Meta Invoice Rewards
- Earning rate. Company will accrue Cashback Credits at a rate of one percent (1%) of the dollar amount of Eligible Meta Payments that settle during the applicable calendar month, up to the Monthly Eligible Meta Spend Cap determined under Section 4.4.
- Eligible Meta Payments. “Eligible Meta Payment” means a payment that:
- is initiated from (or debited from) Company’s Transactional Account using ACH and/or wire transaction that is explicitly identified at the time of transaction as being eligible for 1% cashback;
- is payable to Meta Platforms, Inc. and Meta Platforms Ireland Limited (individually and collectively, “Meta”); and
- is identified by Slash, in its reasonable discretion, as a payment for Meta advertising charges or other eligible Meta-issued invoice or billing statement.
- Exclusions. Eligible Meta Payment does not include:
- card transactions (including transactions made using any Card
associated with the Slash Account); - fees of any kind;
- reversed, returned, disputed, unauthorized, refunded, or otherwise invalidated transactions; or
- any transaction Slash deems fraudulent, abusive, or ineligible in its sole discretion.
- card transactions (including transactions made using any Card
- Monthly Eligible Meta Spend Cap. The Monthly Eligible Meta Spend Cap is determined based on Company’s average daily collected ledger balance during the applicable calendar month across Company’s eligible Transactional Account (see Commercial Deposit Account Agreement) and eligible Treasury account at Atomic (see Atomic Treasury Disclosures) (collectively, the “Qualifying Balance”), as follows:
Qualifying Balance excludes (a) pending/uncollected deposits, (b) negative balances and overdrafts, (c) balances attributable to credit, loans, advances, or charge card limits, and (d) any balances Slash reasonably determines are present temporarily to manipulate tier eligibility.
5. Monthly measurement. Slash calculates Eligible Meta Payments, Qualifying Balance Tier, and the Monthly Eligible Meta Spend Cap on a monthly basis. If Company’s tier changes based on month-end calculation, Slash will apply the tier indicated by the month’s Qualifying Balance to that same month’s Eligible Meta Payments.
6. Posting of Cashback Credits. Cashback Credits earned under this Meta Addendum will be credited to Company’s Slash dashboard on the 25th of the following month, consistent with the Rewards Terms (or the next business day if the 25th is not a business day), unless Slash specifies a different posting cadence for this program. If an Eligible Meta Payment is later reversed, returned, disputed, or found to be ineligible (or if Cashback Credits were awarded in error), Slash may offset or deduct the associated Cashback Credits from Company’s Rewards balance, future Rewards, and/or Company’s Slash Account balance, as described in the Rewards Terms.
5. No Affiliation with Meta
Meta is not a sponsor of, and is not affiliated with, this Meta Invoice Rewards Program. “Meta” names and marks are the property of their respective owners.Meta is not a sponsor of, and is not affiliated with, this Meta Invoice Rewards Program. “Meta” names and marks are the property of their respective owners.