Veenendrecht Payments - Master Services Agreement (signed)
Documentexecuted Veenendrecht Payments · contract · executed · 22 Jan 2026
Executed MSA signed 22 Jan 2026 for the Growth tier, running 5 Feb 2026 to 4 Feb 2027. Availability 99.5%, P1 first response 1 business hour, subscription £48k a year after a 5% first-term discount, plus a £12k one-off implementation fee.
What it says
What this says
As at Fri 9 Oct 2026Executed MSA signed 22 Jan 2026 for the Growth tier, running 5 Feb 2026 to 4 Feb 2027. Availability 99.5%, P1 first response 1 business hour, subscription £48k a year after a 5% first-term discount, plus a £12k one-off implementation fee.
What it is: an executed Master Services Agreement between BG-Demo and Veenendrecht Payments, signed by Sophie Ling for BG-Demo on 22 Jan 2026. It covers the Growth tier for merchant success and merchant risk teams.
Commits: "Availability | 99.5%", "P1 first response | 1 business hour" and a nightly refresh "Complete by 07:00 Customer local time on business days". Invoices are quarterly and payable within 30 days.
Unusual: the 5% discount applies to the first term only, so the renewal price will differ from £48k. The credit basis is "Availability only", so stale data is not a breach.
Not settled: the signatory's name and role are not given beyond "Authorised signatory". The text does not state an auto-renewal or a notice period, only that renewal is discussed ahead of 4 Feb 2027, led by the customer success manager.
As found in this document
As at Fri 9 Oct 2026- Date end4 Feb 2027Source: the AI read of this record
- Date signed22 Jan 2026Source: the AI read of this record
- Date start5 Feb 2026Source: the AI read of this record
- Price£47,500Source: the AI read of this record
- Availability99.5%Source: the AI read of this record
- P1 first response1 business hourSource: the AI read of this record
- Nightly refreshComplete by 07:00 Customer local time on business daysSource: the AI read of this record
- Service credit10% of one month's fee for a month with an availability breachSource: the AI read of this record
- Credit basisAvailability onlySource: the AI read of this record
- Annual recurring subscription£47,500Source: the AI read of this record
- One-off implementation fee£12,000Source: the AI read of this record
- BillingThe subscription is invoiced quarterlySource: the AI read of this record
- Payment termsInvoices are payable within 30 days of the invoice dateSource: the AI read of this record
- ImplementationUp to eight connectors, eight weeksSource: the AI read of this record
The document
Body
Veenendrecht Payments - Master Services Agreement (signed)
Status: Executed. Signed on 22 Jan 2026.
Parties
This Master Services Agreement is made between:
- BG-Demo, a data business based in London ("BG-Demo"); and
- Veenendrecht Payments, a payment service provider based in Utrecht, the Netherlands ("the Customer").
BG-Demo provides B-Glass, an AI-queryable layer over the Customer's own systems, built and run inside the Customer's own Snowflake account. The Customer has chosen the Growth tier so that its merchant success and merchant risk teams can see each merchant's disputes, tickets and volumes together.
Term
| Item | Detail |
|---|---|
| Tier | Growth |
| Subscription start date | 5 Feb 2026 |
| Subscription end date | 4 Feb 2027 |
| Account owner at BG-Demo | Matteo Ricci |
| Customer success manager at BG-Demo | Elena Novak |
The subscription runs from the start date to the end date above. Renewal is discussed between the parties ahead of the end date, led by the customer success manager.
Order lines and fees
Read the whole document (3,390 characters)
| SKU | Description | Qty | Unit price | Discount | Net | Recurring |
|---|---|---|---|---|---|---|
| SUB-GROWTH | B-Glass – Growth | 1 | £50k | 5% | £48k | Yes, annual |
| IMP-GROWTH | Implementation, Growth tier (eight weeks, up to eight connectors) | 1 | £12k | 0% | £12k | No, one-off |
| Summary | Amount |
|---|---|
| Annual recurring subscription | £48k |
| One-off implementation fee | £12k |
| Total contract value | £60k |
The discount applies to the first term only. All amounts are in pounds sterling and exclude any taxes that apply.
Billing and payment
- The subscription is invoiced quarterly.
- The implementation fee is invoiced once, as a fixed fee.
- Invoices are payable within 30 days of the invoice date.
- Amounts invoiced under this agreement are those shown in the order lines above.
Service levels
| Measure | Commitment |
|---|---|
| Availability | 99.5% |
| P1 first response | 1 business hour |
| Nightly refresh | Complete by 07:00 Customer local time on business days |
| Service credit | 10% of one month's fee for a month with an availability breach |
| Credit basis | Availability only |
Service credits are calculated on availability. A brain that was available but answering on stale data is not an availability breach under this agreement.
Implementation
BG-Demo will connect up to eight of the Customer's systems to the brain during the implementation period, working with the Customer's nominated technical contact. The Customer will provide timely access to the systems concerned and to a named administrator.
Data protection
The parties' obligations for personal data are set out in the separate Data Processing Agreement signed on the same date. If the two documents conflict on personal data, the Data Processing Agreement prevails.
General terms
- This agreement and its order lines are the whole agreement on the subject matter and replace any earlier proposal, quotation or draft.
- Changes must be in writing and signed by both parties.
- This agreement is governed by the laws of England and Wales.
Signatures
| For BG-Demo | For Veenendrecht Payments | |
|---|---|---|
| Name | Sophie Ling | Authorised signatory |
| Title | Account Executive | Authorised signatory of the Customer |
| Date | 22 Jan 2026 | 22 Jan 2026 |
Unusual terms
As at Fri 9 Oct 2026- 5% first-term discount on subscription
- Service credit on availability only, not freshness