Common use of Failed or Returned Transactions Clause in Contracts

Failed or Returned Transactions. By using the Service, you are requesting us to make Payments for you from your Payment Account. If we are unable to complete the transaction for any reason associated with your Payment Account (for example, there are insufficient funds in your Payment Account to cover the transaction), the transaction will not be completed. In some instances, you may receive a return notice from Bank. In such cases, you agree that: i. You will reimburse Bank immediately upon demand the transaction amount that has been returned to Bank; ii. For any amount not reimbursed to Bank within fifteen (15) days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; iii. You will reimburse Bank for any fees imposed by your financial institution as a result of the return; iv. You will reimburse Bank for any fees it incurs in attempting to collect the amount of the return from you; and v. Bank is authorized to report the facts concerning the return to any credit reporting agency.

Failed or Returned Transactions. By using the Service, you are requesting us to make Payments for you from your Payment Account. If we are unable to complete the transaction for any reason associated with your Payment Account (for example, there are insufficient funds in your Payment Account to cover the transaction), the transaction will not be completed. In some instances, you may receive a return notice from Bank. In such cases, you agree that: i. a. You will reimburse Bank immediately upon demand the transaction amount that has been returned to Bank; ii. b. For any amount not reimbursed to Bank within fifteen (15) days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; iii. c. You will reimburse Bank for any fees imposed by your financial institution as a result of the return; iv. d. You will reimburse Bank for any fees it incurs in attempting to collect the amount of the return from you; and v. e. Bank is authorized to report the facts concerning the return to any credit reporting agency.

Failed or Returned Transactions. By In using the Service, Xxxx Pay Service you are requesting us Bank to make Payments payments for you from your Payment Account. If we are unable to complete the transaction for any reason associated with your Payment Account (for example, there are insufficient funds in your Payment Account to cover the transaction), the transaction will not be completed. In some instances, you may will receive a return notice from Bank. In such casescase, you agree that: i. You that you will reimburse Bank for any returned transaction amount(s) immediately upon demand the transaction amount that has been returned to Bank; iidemand. For any amount not reimbursed to Bank within fifteen (15) days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; iii. You also agree that you will reimburse Bank for any fees imposed by your any financial institution as a result of the return; iv. You ; you will reimburse Bank for any fees it incurs in attempting to collect the amount of the return from you; and v. and Bank is authorized to report the facts concerning the return to any credit reporting agency.