TikTok Shop Vietnam Credit Card Installment Payment Plan ("IPP") Terms and Conditions
05/16/2024
- These terms and conditions ("IPP Terms") govern your participation in and obligations with respect to Credit Card Installment, which is facilitated by TikTok Pte. Ltd. and its affiliates in partnership with selected acquiring banks in Vietnam (hereinafter, the option shall be referred to as "IPP Option").
- By turning on the IPP Option on TikTok Shop Seller Center (via PC and/or Mobile Application), you hereby acknowledge that you have opt-in and agree to the following facilities to be offered to the Buyers in which they (buyers) can use Credit Card Installment to make a purchase of your Product on TikTok Shop platform.
Tenure of Installment (s) | Minimum Amount Spend |
3 months | VND 3.000.000 |
6 months | |
9 months | |
12 months |
- TikTok Shop may, at its sole discretion, suspend, delay or discontinue the Credit Card Installment for any reason and at any given point of time as it deems fit, or may revise these IPP Terms from time to time, you should check the latest IPP Terms that apply prior to participating in the Credit Card Installment.
- This Credit Card Installment shall be read together and is treated as an addition to the rights and obligations (including any provision on late payment charges) under the TikTok Shop Seller Terms of Service (Link). Any capitalized terms not defined herein shall have the same meaning described to them in the TikTok Shop Seller Terms of Service.
- For the avoidance of doubt, you acknowledge that as it relates to the Credit Card Installment, TikTok Shop is not your collection agent, and TikTok Shop does not provide any payment services to you, including without limitation processing any payments or refunds to or for you, accepting or processing payment from or to buyers, transferring payments to or from you or on behalf of you, or providing any merchant acquiring, money transfer or other payment processing services (“Payment Services”) to you, under any circumstances. You acknowledge that the Payment Services will be provided to you by the relevant payment service provider(s) as set out in the TikTok Shop Seller Terms of Service. By opting out of this Credit Card Installment, you are deemed to have terminated such access in accordance with the TikTok Shop Seller Terms of Service. For the avoidance of doubt, opting out of this Credit Card Installment Payment shall not affect (i) any rights, remedies, obligations or liabilities of the parties that have accrued up to the date of termination, including the right to claim damages in respect of any breach of the agreement which existed at or before the date of termination, or (ii) the continuance in force of any provision hereof which is expressly or by implication intended to come into or continue in force on or after such termination.
- These IPP Terms are governed under the laws of Singapore. Unless otherwise required by applicable laws, any dispute, controversy, claim or difference of any kind whatsoever arising out of or relating to these terms and conditions against or relating to TikTok Shop, shall be referred to and finally resolved by arbitration in Singapore by the Singapore International Arbitration Centre in accordance with the Arbitration Rules of the Singapore International Arbitration Centre for the time being in force, which rules are deemed to be incorporated by reference in this Clause. The seat of the arbitration shall be Singapore. The Tribunal shall consist of three (3) arbitrators. The language of the arbitration shall be English.