Key Facts
How must disputes between the parties be settled?
Ramp requires that any past, present, or future dispute between the parties be settled by arbitration administered by the American Arbitration Association under its Commercial Arbitration Rules.
What does Ramp require regarding the basis on which arbitration must proceed?
Ramp requires that arbitration of any dispute proceed on an individual basis and not as a class, group, or representative action, and prohibits either party from bringing a claim as part of a collective, coordinated, consolidated, or mass arbitration.
What does Ramp prohibit regarding class, group, or representative actions?
Ramp requires that arbitration of any dispute proceed on an individual basis and not as a class, group, or representative action, and prohibits either party from bringing a claim as part of a collective, coordinated, consolidated, or mass arbitration.
What does Company authorize Ramp to use the Integration to do?
Ramp requires that the Company authorize Ramp to use the Integration to access, sync, collect, and process data, information, and documentation on an ongoing and recurring basis.
What does Ramp require Company to authorize?
Ramp requires Company to authorize Ramp, Financial Institution Partners, and their respective assigns to debit Company's Linked Accounts to process all payments and collect all amounts owed under the Agreement.
What are Company's Linked Accounts to be debited for?
Ramp requires Company to authorize Ramp, Financial Institution Partners, and their respective assigns to debit Company's Linked Accounts to process all payments and collect all amounts owed under the Agreement.
Against what must Company indemnify, defend, and hold harmless Ramp, Financial Institution Partners, and Third-Party Service Providers?
Ramp requires Company to indemnify, defend, and hold harmless Ramp, Financial Institution Partners, and Third-Party Service Providers against losses, liabilities, damages, claims, costs, or expenses arising out of or relating to third-party claims.
For what actions or failures is Company responsible?
Ramp requires Company to be responsible for any actions or failure to act on the part of Administrators, Users, Advisors, and those using credentials issued to Administrators or Users to access Company's Ramp Account.
What does Ramp prohibit Company from using the Services to do?
Ramp prohibits Company from using the Services or any other Ramp Property to develop or train machine learning models or other types of artificial intelligence without prior written consent from Ramp.
What is Ramp's aggregate liability limit to Company?
Ramp limits its aggregate liability to Company under the Agreement for all claims to the greater of the total fees actually paid by Company to Ramp in the three months preceding the event or $10,000.
2 important changes detected
3 versions captured · Last updated: July 2026
What changed
Ramp updated its Terms of Service in an update detected on July 22, 2026, with 24 modified sentences. The changes are primarily structural and technical: section numbering was reorganized (a new Section 6.1 'Default Limitation' was introduced, and the subscription services limitation moved from 6.1 to 6.2), cross-references were corrected throughout (e.g., from 'Section 6(c)' to 'Section 6.1(c)'), and minor wording was standardized (e.g., 'Company's Ramp Account' changed to 'Company's Linked Account' in one instance, 'International Payment Services' to 'International Payment services'). The substantive content of liability limitations, payment authorization, and data processing authority remained unchanged.
Why this matters
The changes are technical and structural rather than substantive. Ramp reorganized its section numbering (introducing Section 6.1 as a 'Default Limitation' and moving subscription-specific limitations to Section 6.2) and corrected cross-references throughout the document to maintain internal consistency. The operative language governing liability limitations, payment authorization, and data processing remains materially unchanged.
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What changed
Ramp updated its Terms of Service on July 18, 2026 with substantial changes across multiple operational areas. The update adds regional schedule provisions for UK and EU users, expands sanctions compliance to include Canada, the EU, and the UK in addition to US OFAC sanctions, modifies subscription billing language to remove the default monthly term option, refines intellectual property license terms, and adds clarifying language around electronic signatures and data obligations. The update also broadens the scope of withholding tax reimbursement obligations and clarifies notification procedures for account security incidents.
Why this matters
The updated terms now require businesses in the UK and EU to comply with regional schedules applicable to their domicile, introducing jurisdiction-specific obligations. Subscription billing no longer defaults to monthly terms; instead, terms are offered by Ramp and must be affirmatively selected by the company. The agreement expands prohibited use restrictions to include not just US-sanctioned entities but also those sanctioned by Canada, the EU, and the UK. Additionally, the terms now explicitly state that electronic signatures are conclusive evidence of intent to be bound, and withholding tax reimbursement obligations apply to all fees, not just subscription fees.
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