Common use of CREDITING THE PAYMENT ACCOUNT Clause in Contracts

CREDITING THE PAYMENT ACCOUNT. 4.1 Funding the Payment Account The Account Holder may proceed to fund his Payment Account by the payment methods made available by the Lemonway Partner. In case of funding the Payment Account by cheque (French only), they must be made payable to the order of Lemonway. For security reasons, Lemonway may refuse or cancel the registration of the payment method used by the Account Holder. Lemonway sets payment limits in the interest of protecting the Account Holder and complying with the regulations in force regarding Payment Services. Single limits, per day, per month and per year, as well as all forms of restrictions (in particular regarding the strong authentication of the Account Holder) are applied by Lemonway to fight against fraud. The Account Holder is informed that any Payment Transaction that may result in exceeding the applicable limits will automatically be rejected by Lemonway. Any Transaction by credit or debit card, which is the subject of a non-payment, rejection or objection will have its amount automatically be deducted by Lemonway from the net balance of the Payment Account. If the net balance is insufficient, Lemonway is entitled to use all remedies against the Account Holder to recover the amount due. In addition, Lemonway will be entitled to refuse to execute all future payments made using the card that gave rise to the incident. Lemonway also debits the Account Holder’s Payment Account for the Payment Transactions that were rejected and other penalties that may be issued by the acceptance networks.

CREDITING THE PAYMENT ACCOUNT. 4.1 Funding the Payment Account The Account Holder may proceed to fund his his/her Payment Account by the payment methods made available by the Lemonway Partner. In case of When funding the Payment Account by with a bank transfer, a cheque (French France only)) or a direct debit order, they must these Payment Transactions shall be made payable to the order benefit of a bank account opened in the name of Lemonway. Lemonway shall then credit the corresponding funds, once received, into the Payment Account. For security reasons, Lemonway may refuse or cancel the registration of the payment method used by the Account Holder. Lemonway sets payment limits in the interest of protecting the Account Holder and complying with the regulations in force regarding Payment Services. Single limits, per day, per month and per year, as well as all forms of restrictions (in particular regarding the strong authentication of the Account Holder) are applied by Lemonway to fight against fraud. The Account Holder is informed that any Payment Transaction that may result in exceeding the applicable limits will automatically be rejected by Lemonway. Any Transaction by credit or debit card, which is the subject of a non-payment, rejection or objection will have its amount automatically be deducted by Lemonway from the net balance of the Payment Account. If the net balance is insufficient, Lemonway is entitled to use all remedies against the Account Holder to recover the amount due. In addition, Lemonway will be entitled to refuse to execute all future payments made using the card that gave rise to the incident. Lemonway also debits the Account Holder’s Payment Account for the Payment Transactions that were rejected and other penalties that may be issued by the acceptance networks.

CREDITING THE PAYMENT ACCOUNT. 4.1 Funding the Payment Account The Account Holder may proceed to fund his Payment Account by the payment methods made available by the Lemonway LEMON WAY Partner. In case of funding the Payment Account by cheque (French only), they must be made payable to the order of LemonwayLEMON WAY. The funding must be made from a bank account opened in the Account Holder’s name by a third party PSP in order to transfer these funds by internal transfer to another payment account opened on LEMON WAY’s books. These two Payment Transactions are deemed interrelated. For security reasons, Lemonway LEMON WAY may refuse or cancel the registration of the payment method used by the Account Holder. Lemonway LEMON WAY sets payment limits in the interest of protecting the Account Holder and complying with the regulations in force regarding Payment Servicespayment services. Single limits, per day, per month and per year, as well as all forms of restrictions (in particular regarding the strong authentication of the Account Holder) are applied by Lemonway LEMON WAY to fight against fraud. The Account Holder is informed that any Payment Transaction that may result in exceeding the applicable limits will automatically be rejected by LemonwayLEMON WAY. Any Transaction by credit or debit card, which is the subject of a non-payment, rejection or objection will have its amount automatically be deducted by Lemonway LEMON WAY from the net balance of the Payment Account. If the net balance is insufficient, Lemonway LEMON WAY is entitled to use all remedies against the Account Holder to recover the amount due. In addition, Lemonway LEMON WAY will be entitled to refuse to execute all future payments remittances made using the card that gave rise to the incident. Lemonway LEMON WAY also debits the Account Holder’s Payment Account for the Payment Transactions that were rejected and other penalties that may be issued by the acceptance networksAcceptance Networks.