1. Scope

This Connected Account Agreement (“Agreement”) governs your use of Stripe Connect through ChairSlay, a booking and operations platform for chair-rental beauty studios and the independent stylists who lease chairs from them. ChairSlay is operated by Foocorp LLC (“ChairSlay”, “we”, “us”). “You” means the Studio Operator or Stylist who creates a Connected Account on Stripe through the ChairSlay onboarding flow.

This Agreement supplements the ChairSlay Terms of Service and Privacy Policy. The parallel terms for Square users live at the Square Merchant Agreement. Where this Agreement and the Terms of Service conflict on matters specific to Stripe Connect, this Agreement controls.

2. Definitions

Connected Account — the Stripe account you connect to ChairSlay via Stripe Connect Standard.
Stripe Services Agreement or SSA — Stripe’s then-current Services Agreement and Connected Account Agreement, available at https://stripe.com/legal/ssa and https://stripe.com/connect-account/legal/full.
Platform — ChairSlay (Foocorp LLC).
Account — your tenant on the ChairSlay platform.
Studio Operator — a Connected Account Holder who operates a chair-rental studio.
Stylist — a 1099 independent contractor who leases a chair from a Studio Operator.
Sub-Tenant — a Stylist whose Membership is in a Studio Operator’s Account.
Client — an end-consumer who books appointments with a Stylist.
Client Payment — money paid by a Client to a Stylist for services or retail.
Rent — money paid by a Stylist to a Studio Operator for chair, booth, or suite use.
Sublet Split — the portion of Rent that a primary leaseholder routes to a sub-tenant under a sublet arrangement.

3. Stripe Services Agreement

By connecting a Stripe account through ChairSlay, you also agree to the Stripe Services Agreement directly with Stripe. The SSA is a separate contract between you and Stripe; ChairSlay is not a party to it.

Where this Agreement and the SSA conflict on matters between you and Stripe (including Stripe’s risk-management decisions, payout timing, and underwriting), the SSA controls.

You are solely responsible for keeping your Stripe account in good standing. If Stripe suspends, restricts, or terminates your Connected Account, ChairSlay’s ability to act on your behalf will be suspended for the duration of that action; ChairSlay is not responsible for Stripe’s risk-management decisions.

4. Platform’s role and limits

ChairSlay is software. We are not a payment processor, money transmitter, or merchant of record for transactions processed through your Connected Account. Your Connected Account is the merchant of record for every charge, refund, and dispute.

What ChairSlay does on your behalf

Initiates charges and refunds via the Stripe API on your authorization (you grant scopes by completing Stripe Connect OAuth).
Routes Client Payments and Sublet Splits to the appropriate Connected Accounts.
Calculates and applies the application fees described in §6.
Persists Stripe-issued tokens (payment-method IDs, charge IDs, last-4 / brand). We never store full card numbers or bank-account credentials.
Surfaces Stripe webhook events in our UI for your operational visibility.

What ChairSlay does NOT do

We do not custody your funds. All settlement flows directly from Stripe to your Connected Account; Foocorp does not hold a balance on your behalf.
We do not set prices for your services or your Sub-Tenants’ services.
We do not disburse Sub-Tenant earnings through a master account before splitting. Sub-Tenant Client Payments settle directly to the Sub-Tenant’s Connected Account — see §9.
We do not issue refunds, respond to disputes, or contest chargebacks on your behalf. The refund and dispute-response controls in our UI initiate Stripe API calls against your Connected Account; Stripe processes them.

5. Your authorizations

By connecting a Stripe account through ChairSlay, you authorize ChairSlay to:

Read your Connected Account profile and capability status to surface integration-health UI;
Create charges and refunds against your Connected Account when initiated by your Users or by automated workflows you’ve configured (rent debit schedule, deposit collection, retail sales);
Apply the application fees disclosed in §6;
Initiate transfers to Sub-Tenants’ Connected Accounts when sublet sub-tenancy is enabled in your Account;
Receive Stripe webhook events about activity on your Connected Account.

You may revoke these authorizations at any time by disconnecting your Stripe account from Account Settings → Payments. Disconnection takes effect immediately for new charges; in-flight payouts continue to settle on Stripe’s schedule.

6. Application fees

ChairSlay charges the following platform fees via Stripe’s application_fee_amount parameter. Fees are deducted at charge time; the net amount settles to your Connected Account.

Charge type	Application fee
Rent (ACH or card) collected from a Stylist	0% — ChairSlay takes no percentage of Rent.
Client Payment routed through ChairSlay’s deposit / checkout flow	0% — ChairSlay takes no platform fee on client card payments. Funds settle directly to the Stylist’s connected account. (Effective 2026-05-16; prior fee schedule listed 0.3%.)
Sublet Split paid to a sub-tenant by a primary leaseholder	2% of the split amount.

Stripe’s processing fees (currently 2.9% + $0.30 per card transaction; 0.8% capped at $5 for ACH Direct Debit) are charged separately by Stripe per Stripe’s pricing schedule. ChairSlay does not control Stripe’s fees and adds no spread on top of them.

We may change application fees on 30 days’ notice to the Account-owner email. If you do not accept the change, you may disconnect your Connected Account before it takes effect; charges processed before disconnection are governed by the fee schedule in effect at the time of the charge.

7. Settlement and payouts

Funds from charges processed against your Connected Account settle to the bank account you’ve linked in Stripe, on Stripe’s default rolling schedule (typically T+2 for cards, T+5 for ACH Direct Debit; Stripe controls timing).
ChairSlay does not delay, batch, or hold settlement.
We do not have authority to redirect payouts to a different bank account or to a different entity.

8. Refunds, disputes, and chargebacks

You are solely responsible for refund decisions, refund policies, dispute responses, and chargeback liability for transactions you process to your Clients.
ChairSlay is not a party to those transactions and has no authority to issue refunds, file dispute representations, or respond to chargebacks on your behalf.
Stripe’s dispute and chargeback fees are passed through at-cost; ChairSlay adds no spread.
If a Client disputes a deposit or charge that was initiated through ChairSlay’s deposit-collection flow, ChairSlay will surface the dispute in your UI and may forward Stripe’s dispute notification to you, but the response and outcome remain your responsibility.

9. Booth-rental sub-tenancy

If your Account is a Studio Operator account that uses booth-rental sub-tenancy, the following additional terms apply:

Each Sub-Tenant connects their own Stripe account through ChairSlay’s Stylist onboarding flow. A Sub-Tenant’s Connected Account is the merchant of record for that Sub-Tenant’s Client Payments.
Sub-Tenant Client Payments settle directly to the Sub-Tenant’s Connected Account, not yours. You do not have authority over a Sub-Tenant’s Stripe account, payouts, or Client funds.
Rent paid by a Sub-Tenant to your Studio settles to your Connected Account in full (less Stripe processing fees on the Rent transaction). The 2% Sublet application fee applies only to the rent split a primary leaseholder routes to a sub-tenant — not to direct Rent collected from a Sub-Tenant.
The structural separation between Connected Accounts is intentional and non-negotiable. It keeps Sub-Tenants’ service revenue out of your custody and supports their classification as independent contractors under IRS guidance and applicable state law (including AB5-style tests). You agree not to request or facilitate routing of a Sub-Tenant’s Client Payments through your Connected Account.
Sub-Tenants own their Client relationships and Client data. Client records, appointment details, service prices, and revenue are stylist-private and are not visible from your master Account’s admin lens. On Sub-Tenant offboarding, Client records travel with the Sub-Tenant; you have no claim to them by default.
Tenant security deposits are held by you directly or by a third-party escrow provider — never by ChairSlay. ChairSlay does not offer a deposit-holding feature on rent. Holding tenant security deposits would trigger property-manager licensure in many states, which is outside the scope of our SaaS platform. If you collect a security deposit from a Sub-Tenant, you are solely responsible for its custody, accounting, return, and dispute handling per the lease and applicable state law.

10. Your responsibilities

You will:

Comply with the Stripe SSA, this Agreement, the ChairSlay Terms of Service and Acceptable Use Policy, and all applicable laws (including consumer-protection, anti-money-laundering, sanctions, payment-card industry, TCPA / CAN-SPAM, and tax laws).
Maintain accurate Stripe account information, including beneficial-ownership and tax-identification information that Stripe requires for KYC.
Be responsible for your tax obligations arising from charges processed through your Connected Account, including issuing IRS Form 1099-K / 1099-NEC where required and remitting sales tax where applicable.
Disclose your refund and cancellation policy to Clients before they complete a transaction, where applicable law requires.
Use ChairSlay’s deposit and no-show fee features only with Client consent that satisfies applicable consumer-protection law in your jurisdiction.
Not collect prohibited Content (payment-card numbers, CVVs, US protected health information subject to HIPAA, Social Security numbers, government identification numbers) — see ToS §6.

11. Disconnection and termination

By you. Disconnect at Account → Settings → Payments at any time. Disconnection stops new charges through ChairSlay immediately. Pending payouts continue to settle on Stripe’s schedule. Your Connected Account itself is not affected — only the integration between ChairSlay and Stripe.
By us. ChairSlay may suspend or terminate the Connect integration on your Account if you breach this Agreement, the Terms of Service, or the Acceptable Use Policy; if Stripe instructs us to do so; or if Stripe suspends, restricts, or terminates your Connected Account. We will give notice where feasible; for conduct that poses imminent legal, security, or operational risk, suspension is immediate and notice follows.
Effect. On disconnection or termination, the Connected Account itself remains yours under your direct relationship with Stripe. Stripe-side history, balances, and dispute responsibility stay with you.

12. Indemnification

You will defend, indemnify, and hold ChairSlay (Foocorp LLC) and its officers, employees, and agents harmless from any third-party claim arising out of:

(a) charges, refunds, or disputes processed through your Connected Account; (b) tax obligations on those charges; (c) any breach of the Stripe SSA; (d) any Sub-Tenant dispute about payouts or Client data ownership; (e) your relationships with your Clients, Sub-Tenants, and any Stylist tenant; and (f) your violation of this Agreement, the Terms of Service, or applicable law.

13. Disclaimer and limitation of liability

THE PLATFORM AND THE STRIPE CONNECT INTEGRATION ARE PROVIDED “AS IS” AND “AS AVAILABLE.” TO THE MAXIMUM EXTENT PERMITTED BY LAW:

CHAIRSLAY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
IN NO EVENT WILL CHAIRSLAY BE LIABLE FOR INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR FOR LOST PROFITS, LOST REVENUE, OR LOST DATA, ARISING OUT OF OR RELATED TO THIS AGREEMENT.
CHAIRSLAY’S TOTAL AGGREGATE LIABILITY UNDER THIS AGREEMENT WILL NOT EXCEED THE APPLICATION FEES YOU PAID US IN THE TWELVE (12) MONTHS PRECEDING THE EVENT GIVING RISE TO LIABILITY.

These limits do not apply to (a) your indemnity obligations, (b) gross negligence or willful misconduct, or (c) liabilities that cannot be limited under applicable law.

14. Changes to this Agreement

We may update this Agreement. Material changes take effect on 30 days’ notice to the Account-owner email. Your continued use of the Connect integration after the effective date is acceptance. Prior versions are posted at chairslay.com/legal/connected-account-agreement/archive.

15. Governing law and disputes

Governing law. Arizona, without regard to conflict-of-laws principles.
Venue. State and federal courts sitting in Maricopa County, Arizona.
Informal resolution first. The parties will attempt informal resolution for 30 days before initiating formal proceedings.

16. Miscellaneous

Order of precedence. This Agreement supplements the ChairSlay Terms of Service. The Stripe SSA controls between you and Stripe. Where this Agreement and the Stripe SSA conflict on matters between you and Stripe, the Stripe SSA controls.
Severability. If any provision is unenforceable, the rest remain in force.
Assignment. You may not assign this Agreement without our consent; we may assign in connection with a merger, acquisition, or sale of assets.
Notices. Notices to us: legal@chairslay.com. Notices to you: your Account-owner email.
No waiver. Our failure to enforce a right is not a waiver.

17. Contact

Foocorp LLC
legal@chairslay.com