Terms Of Service

• 1.1 "Approved Fleet Program" refers to the merchant-branded private label fleet program utilizing ACH and Real-Time Payment technologies.
• 1.2 "Good Funds Model" refers to the mechanism ensuring transactions are authorized only when sufficient funds are verified in the User's linked account.
• 1.3 "iVPN" means iVertical Payment Network, the operator of the Approved Fleet program.
• 1.4 "User" refers to any entity enrolled in or using the Service.
• 1.5 "Participating Merchants" refers to fuel retailers and service providers accepting the Approved Fleet program.

• 2.1 Business Use Only: The Service is exclusively available to businesses operating light-duty fleet vehicles. Personal use is prohibited.
• 2.2 Account Setup: Users must:
  • Provide accurate and complete enrollment information.
  • Link an eligible U.S.-based bank account to the program.
  • Agree to periodic verification of account balances.
• 2.3 SMS Program Terms (Transactional Only): Approved Fleet – Merchant Branded Fleet Debit Card ("Approved Fleet") provides transactional SMS to enrolled business customers. Messages may include purchase receipts, fuel purchase confirmations, account/security alerts, and support notifications related to the program. No marketing or promotional texts are sent.
  • Opt-in: You enroll by providing your mobile number and agreeing on the enrollment form; we may confirm via a verification code/YES reply (double opt-in).
  • Frequency: Event-based only (sent when a relevant transaction or account event occurs).
  • Opt-out / Help: Reply STOP to cancel, or by updating notifications in the Fleet Portal. START/UNSTOP to re-subscribe, or HELP for assistance. Msg&Data rates may apply.
  • Coverage: U.S. toll-free messaging only. Delivery may vary by carrier. Carriers are not liable for delayed or undelivered messages.
  • Support: support@approvedfleet.com • 833-435-3384.
  
  

  We may update these SMS terms; continued use after changes constitutes acceptance.

• 2.4 Compliance: Users must comply with all applicable laws and regulations related to fleet operations and payment processing.

• 3.1 Transaction Authorization: Transactions are authorized in real time, contingent upon balance verification under the Good Funds Model.
• 3.2 Daily Settlement: Fleet purchases are settled via ACH with funds replenished daily, ensuring zero risk exposure for Participating Merchants.
• 3.3 Acceptance: The Service is guaranteed to be accepted at Participating Merchants for fleet-related purchases.

• 4.1 Account Maintenance: Users must ensure their linked account maintains sufficient funds to cover authorized transactions.
• 4.2 Fleet Data Accuracy: Users are responsible for providing accurate information regarding fleet vehicles and usage.
• 4.3 Fraud Prevention: Users must promptly report any unauthorized transactions or suspected fraud.

• 5.1 Returned Transactions: Fees for insufficient funds or returned ACH transactions will be applied as specified in the User's agreement.
• 5.2 Merchant Discounts: Participating Merchants may offer discounts or incentives at their discretion.

• 6.1 User Termination: Users may terminate their participation in the Service by providing written notice to iVPN.
• 6.2 iVPN Termination: iVPN may suspend or terminate User accounts for:
  • Violation of these Terms.
  • Insufficient funds or excessive returned transactions.
  • Fraudulent activity.
• 6.3 Effect of Termination: Upon termination, the User's access to the Service will cease, and any outstanding amounts owed must be paid immediately.

• 7.1 No Warranty: The Service is provided "AS IS" without warranties of any kind, express or implied.
• 7.2 Liability Cap: iVPN's liability to Users is limited to the total fees paid by the User in the six months preceding the claim.
• 7.3 Force Majeure: iVPN is not liable for delays or failures resulting from circumstances beyond its control, including acts of God, labor disputes, or system outages.

• 8.1 Data Collection: iVPN collects and uses User data as described in the Approved Fleet Privacy Policy.
• 8.2 Data Sharing: User information may be shared with Participating Merchants and financial institutions solely for Service delivery purposes.

• 9.1 Governing Law: These Terms are governed by the laws of the State of Florida without regard to its conflict of laws principles.
• 9.2 Dispute Resolution: Disputes will be resolved through binding arbitration under the rules of the American Arbitration Association. Users waive the right to bring class actions.

• 10.1 Amendments: iVPN reserves the right to update these Terms with 30 days' notice to Users. Continued use of the Service constitutes acceptance of changes.
• 10.2 Notices: Notices may be sent via email, postal mail, or through the User's online account.

For questions or support, contact iVPN at:

Email: support@approvedfleet.com
Phone: 833-4FLEET4 (833-435-3384)
Address: 1200 N. Federal Hwy, Suite 300 Boca Raton, FL 33432