Common use of Accepting preauthorized payments Clause in Contracts

Accepting preauthorized payments. As a seller, you can accept payments from a buyer’s account through preauthorized transfers either on a one-time, regular or sporadic basis. This type of transaction is sometimes called a “billing agreement,” "subscription," "recurring payment,” “reference transaction,” "pre-approved payment " or "automatic payment." If you receive preauthorized payments from buyers: You must: You must not: Get each buyer’s prior authorization for the amount, frequency, and duration of any such payment. Restart future payments without the buyer’s written authorization, if a buyer has stopped or canceled a preauthorized payment. Provide a simple and easily accessible online cancellation procedure, if buyers sign up for preauthorized paymentsonline. Provide buyers the ability to stop any such payment up to 3 Business Days before the date scheduled for payment. Transaction Fees for Online Payments Fees for selling and receiving payments The fees for selling and receiving payments may include amounts owed to other payments institutions and/or financial institutions. Selling and receiving payments include: • A Payment for the sale of goods or services. • A Payment received via the ”Request Payment” tab on PayPal’s website. • A payment that is sent to, or received by, a business or other commercial or non-profit entity. The fees you pay when selling goods or services can be found on the Fees for selling and receiving payments table. Please note that we may adjust the fees applicable to future transactions that you process using PayPal. We will provide you at least 30 days’ advance notice of any fee increase or the introduction of a new type of fee. If you refund (partially or fully) a transaction to a buyer or a donation to a donor, there are no fees to make the refund, but the fees you originally paid as the seller will not be returned to you.

Accepting preauthorized payments. As a seller, you can accept payments from a buyer’s account through preauthorized transfers either on a one-time, regular or sporadic basis. This type of transaction is sometimes called a “billing agreement,” "subscription," "recurring payment,” “reference transaction,” "pre-approved payment " or "automatic payment." If you receive preauthorized payments from buyers: You must: You must not: Get each buyer’s prior authorization for the amount, frequency, and duration of any such payment. Restart future payments without the buyer’s written authorization, if a buyer has stopped or canceled a preauthorized payment. Provide a simple and easily accessible online cancellation procedure, if buyers sign up for preauthorized paymentsonlinepayments online. Provide buyers the ability to stop any such payment up to 3 Business Days before the date scheduled for payment. Transaction Fees for Online Payments Fees for selling and receiving payments The fees for selling and receiving payments may include amounts owed to other payments institutions and/or financial institutions. Selling and receiving payments include: • A Payment for the sale of goods or services. • A Payment received via the ”Request Payment” tab on PayPal’s website. • A payment or donation that is sent to, or received by, a business or other commercial or non-profit entity. The fees you pay when selling goods or services or receiving donation can be found on the Fees for selling and receiving payments table. Please note that we may adjust the fees applicable to future transactions that you process using PayPal. We will provide you at least 30 days’ advance notice of any fee increase or the introduction of a new type of fee. If you refund (partially or fully) a transaction to a buyer or a donation to a donor, there are no fees to make the refund, but the fees you originally paid as the seller will not be returned to you.

Accepting preauthorized payments. As a seller, you can accept payments from a buyer’s account through preauthorized transfers either on a one-time, regular or sporadic basis. This type of transaction is sometimes called a “billing agreement,” "subscription," "recurring payment,” “reference transaction,” "pre-approved payment " or "automatic payment." If you receive preauthorized payments from buyers: You must: You must not: Get each buyer’s prior authorization for the amount, frequency, and duration of any such payment. Restart future payments without the buyer’s written authorization, if a buyer has stopped or canceled a preauthorized payment. Provide a simple and easily accessible online cancellation onlinecancellation procedure, if buyers sign up for preauthorized paymentsonlinepayments online. Provide buyers the ability to stop any such payment up to 3 Business Days before the date scheduled for payment. Transaction Fees for Online Payments Fees for selling and receiving payments The fees for selling and receiving payments may include amounts owed to other payments institutions and/or financial institutions. Selling and receiving payments include: • A Payment for the sale of goods or services. • A Payment received via the ”Request Payment” tab on PayPal’s website. • A payment or donation that is sent to, or received by, a business or other commercial or non-profit entity. The fees you pay when selling goods or services or receiving donation can be found on the Fees for selling and receiving payments table. Please note that we may adjust the fees applicable to future transactions that you process using PayPal. We will provide you at least 30 days’ advance notice of any fee increase or the introduction of a new type of fee. If you refund (partially or fully) a transaction to a buyer or a donation to a donor, there are no fees to make the refund, but the fees you originally paid as the seller will not be returned to you.

Accepting preauthorized payments. As a seller, you can accept payments from a buyer’s account through preauthorized transfers either on a one-time, regular or sporadic basis. This type of transaction is sometimes called a “billing agreement,” "subscription," "recurring payment,” “reference transaction,” "pre-approved payment " or "automatic payment." If you receive preauthorized payments from buyers: You must: You must not: Get each buyer’s prior authorization for the amount, frequency, and duration of any such payment. Restart future payments without the buyer’s written authorization, if a buyer has stopped or canceled a preauthorized payment. Provide a simple and easily accessible online cancellation procedure, if buyers sign up for preauthorized paymentsonlinepayments online. Provide buyers the ability to stop any such payment up to 3 Business Days before the date scheduled for payment. Transaction Fees for Online Payments Fees for selling and receiving payments The fees for selling and receiving payments may include amounts owed to other payments institutions and/or financial institutions. Selling and receiving payments include: • A Payment for the sale of goods or services. • A Payment received via the ”Request Payment” tab on PayPal’s website. • A payment that is sent to, or received by, a business or other commercial or non-profit entity. The fees you pay when selling goods or services can be found on the Fees for selling and receiving payments table. Please note that we may adjust the fees applicable to future transactions that you process using PayPal. We will provide you at least 30 days’ advance notice of any fee increase or the introduction of a new type of fee. If you refund (partially or fully) a transaction to a buyer or a donation to a donor, there are no fees to make the refund, but the fees you originally paid as the seller will not be returned to you.