FEES AND OTHER AMOUNTS OWED BANK. A. Fees and Taxes. Merchant will pay Bank fees for services, forms and equipment in accordance with the fees and rates set forth on the Application. Such fees will be calculated and debited from the Designated Account once each business day or month for the previous business day or month’s activity, or will be deducted from funds due Merchant attributable to Sales Drafts presented to Bank. Bank reserves the right to adjust the fees set forth on the Application, including adding fees for additional services utilized by Merchant, provided that Bank must approve, and notify Merchant in advance of, any fee to or obligation of Merchant arising from or related to performance of this Agreement. Merchant is obligated to pay all taxes, and other charges imposed by any governmental authority on the services provided under this Agreement. Bank may not assign or otherwise transfer an obligation to pay or reimburse Merchant arising from, or related to, performance of this Agreement. B. Other Amounts Owed. Merchant will immediately pay NMS and/or Bank any amount incurred by Bank and/or NMS, as applicable, attributable to this Agreement including but not limited to chargebacks, fines imposed by Card Associations non-sufficient funds fees, and ACH debits that overdraw the Designated Account, Reserve Account or are otherwise dishonored. Merchant authorizes Bank to debit via ACH the Designated Account, Reserve Account, or any other account Merchant has at Bank or at any other affiliate or subsidiary of Bank or other financial institution for any amount Merchant owes Bank or NMS under this Agreement or under any other contract, note, guaranty, instrument or dealing of any kind now existing or later entered into between Merchant, on the one hand, and Bank or NMS, on the other, whether Merchant obligation is direct, indirect, primary, secondary, fixed, contingent, joint or several. In the event Bank demand funds due or such ACH does not fully reimburse NMS and Bank for the amount owed, Merchant will immediately pay Bank and/or NMS, as applicable, such amount. Merchant acknowledges and agrees that Bank and NMS will impose an 18% per annum interest rate charged to Merchant on the balance of any overdue funds due to Bank, or the greatest amount allowed by law, whichever is greater.
Appears in 3 contracts
Samples: Merchant Processing Agreement, Merchant Processing Agreement, Merchant Processing Agreement
FEES AND OTHER AMOUNTS OWED BANK. A. Fees and Taxes. Merchant will pay Bank fees for services, forms and equipment in accordance with the fees and rates set forth on the Application. Such fees will be calculated and debited from the Designated Account once each business day or month for the previous business day or month’s activity, or will be deducted from funds due Merchant attributable to Sales Drafts presented to Bank. Bank reserves the right to adjust the fees set forth on the Application, including adding fees for additional services utilized by Merchant, provided that Bank must approve, and notify Merchant in advance of, any fee to or obligation of Merchant arising from or related to performance of this Agreement. Merchant Xxxxxxxx is obligated to pay all taxes, and other charges imposed by any governmental authority on the services provided under this Agreement. Bank may not assign or otherwise transfer an obligation to pay or reimburse Merchant arising from, or related to, performance of this Agreement.
B. Other Amounts Owed. Merchant will immediately pay NMS and/or Bank any amount incurred by Bank and/or NMS, as applicable, attributable to this Agreement including but not limited to chargebacks, fines imposed by Card Associations non-sufficient funds fees, and ACH debits that overdraw the Designated Account, Reserve Account or are otherwise dishonored. Merchant authorizes Bank to debit via ACH the Designated Account, Reserve Account, or any other account Merchant has at Bank or at any other affiliate or subsidiary of Bank or other financial institution for any amount Merchant owes Bank or NMS under this Agreement or under any other contract, note, guaranty, instrument or dealing of any kind now existing or later entered into between Merchant, on the one hand, and Bank or NMS, on the other, whether Merchant obligation is direct, indirect, primary, secondary, fixed, contingent, joint or several. In the event Bank demand funds due or such ACH does not fully reimburse NMS and Bank for the amount owed, Merchant will immediately pay Bank and/or NMS, as applicable, such amount. Merchant Xxxxxxxx acknowledges and agrees that Bank and NMS will impose an 18% per annum interest rate charged to Merchant on the balance of any overdue funds due to Bank, or the greatest amount allowed by law, whichever is greater.
Appears in 2 contracts
Samples: Merchant Processing Agreement, Merchant Processing Agreement
FEES AND OTHER AMOUNTS OWED BANK. A. Fees and Taxes. Merchant will pay Bank and Company fees for services, forms and equipment in accordance with the fees and rates set forth on the ApplicationApplication and all other sums owed to Bank and Company for sales and services set forth in this Agreement, as applicable. Merchant agrees that it is jointly and severally liable for all fees, charges, and other sums owed to Bank or Company by any affiliated entities of Merchant and permits Bank or Company to withhold funds from any affiliated entity to satisfy an obligation of Merchant. Such fees will be calculated and debited from the Designated Account once each business day or month for the previous business day or month’s activity, or will be deducted from funds due Merchant attributable to Sales Drafts presented to Bank. Bank reserves and Company reserve the right to adjust the fees set forth on the Application, including adding fees for additional services utilized by Merchant, provided that Bank or Company must approve, and notify Merchant thirty (30) days in advance of, any fee to or obligation of Merchant arising from or related to performance of this Agreement, except for any Card Brand fees which Company or Bank may notify Merchant in less than thirty (30) days. Merchant is obligated to pay all taxes, and other charges imposed by any governmental authority on the services provided under this Agreement. Bank may not assign or otherwise transfer an obligation to pay or reimburse Merchant arising from, or related to, performance of this Agreement. MERCHANT AUTHORIZES BANK AND HARBORTOUCH TO INITIATE DEBIT AND CREDIT ENTRIES TO THE DESIGNATED ACCOUNT FOR THE PURPOSES OF THE PAYMENT OF FEES AND ANY OTHER SUMS DUE UNDER THIS AGREEMENT.
B. Other Amounts Owed. Merchant will immediately pay NMS and/or Company and Bank any amount incurred by Bank and/or NMS, as applicable, attributable to this Agreement including but not limited to chargebacks, fines imposed by Card Associations non-sufficient funds fees, and ACH debits that overdraw the Designated Account, Reserve Account or are otherwise dishonored. Merchant authorizes Bank to debit via ACH the Designated Account, Reserve Account, or any other account Merchant has at Bank or at any other affiliate or subsidiary of Bank or other financial institution for any amount Merchant owes Bank or NMS under this Agreement or under any other contract, note, guaranty, instrument or dealing of any kind now existing or later entered into between Merchant, on the one hand, Merchant and Bank or NMS, on the otherBank, whether Merchant obligation is direct, indirect, primary, secondary, fixed, contingent, joint or several. In the event Bank demand funds due or such ACH does not fully reimburse NMS Company and Bank for the amount owed, Merchant will immediately pay Bank and/or NMS, as applicable, such amount. Merchant acknowledges and agrees that Bank and NMS will impose an 18% per annum interest rate charged to Merchant on the balance of any overdue funds due to Bank, or the greatest amount allowed by law, whichever is greater.
C. Pass-Through Fees. Each card organization (Visa, MasterCard and Discover Network) assess fees to merchants in connection with transactions that are outside the control of Bank, such as, dues & assessments, fixed acquirer network fees, international/cross-border transaction fees, network access and data usage charges. Because these fees are frequently modified by the card organizations, a detailed list of these fees has been posted online at xxx.xx gh thou sene tw ork. com / cardassociati on fees where these fees are kept up to date. Pass-through fees are charged at cost to Merchant.
Appears in 1 contract
Samples: Merchant Processing Agreement
FEES AND OTHER AMOUNTS OWED BANK. A. Fees and Taxes. Merchant will pay Bank fees for services, forms and equipment in accordance with the fees and rates set forth on the Application. Such fees will be calculated and debited from the Designated Account once each business day or month for the previous business day or month’s activity, or will be deducted from funds due Merchant attributable to Sales Drafts presented to Bank. Bank reserves the right to adjust the fees set forth on the Application, including adding fees for additional services utilized by Merchant, provided that Bank must approve, and notify Merchant in advance of, any fee to or obligation of Merchant arising from or related to performance of this Agreement. Merchant Xxxxxxxx is obligated to pay all taxes, and other charges imposed by any governmental authority on the services provided under this Agreement. Bank may not assign or otherwise transfer an obligation to pay or reimburse Merchant arising from, or related to, performance of this Agreement.
B. Other Amounts Owed. Merchant will immediately pay NMS and/or processor and Bank any amount incurred by Bank and/or NMS, as applicable, attributable to this Agreement including but not limited to chargebacks, fines imposed by Card Associations non-sufficient funds sufficient
C. Pass-Through Fees. Each card organization (Visa, MasterCard and Discover Network) assess fees to merchants in connection with transactions that are outside the control of Bank, such as, dues & assessments, fixed acquirer network fees, international/cross-border transaction fees, network access and ACH debits that overdraw data usage charges. Because these fees are frequently modified by the Designated Accountcard organizations, Reserve Account or a detailed list of these fees has been posted online at www.r edwoodm er chantser vic x.xxx /car dassociationfees where these fees are otherwise dishonoredkept up to date. Merchant authorizes Bank Pass-through fees are charged at cost to debit via ACH the Designated Account, Reserve Account, or any other account Merchant has at Bank or at any other affiliate or subsidiary of Bank or other financial institution for any amount Merchant owes Bank or NMS under this Agreement or under any other contract, note, guaranty, instrument or dealing of any kind now existing or later entered into between Merchant, on the one hand, and Bank or NMS, on the other, whether Merchant obligation is direct, indirect, primary, secondary, fixed, contingent, joint or several. In the event Bank demand funds due or such ACH does not fully reimburse NMS and Bank for the amount owed, Merchant will immediately pay Bank and/or NMS, as applicable, such amount. Merchant acknowledges and agrees that Bank and NMS will impose an 18% per annum interest rate charged to Merchant on the balance of any overdue funds due to Bank, or the greatest amount allowed by law, whichever is greater.
Appears in 1 contract
Samples: Merchant Processing Agreement
FEES AND OTHER AMOUNTS OWED BANK. A. Fees and Taxes. Merchant will pay Bank fees for services, forms and equipment in accordance with the fees and rates set forth on the Application. Such fees will be calculated and debited from the Designated Account once each business day or month for the previous business day or month’s activity, or will be deducted from funds due Merchant attributable to Sales Drafts presented to Bank. Bank reserves the right to adjust the fees set forth on the Application, including adding fees for additional services utilized by Merchant, provided that Bank must approve, and notify Merchant in advance of, any fee to or obligation of Merchant arising from or related to performance of this Agreement. Merchant is obligated to pay all taxes, and other charges imposed by any governmental authority on the services provided under this Agreement. Bank may not assign or otherwise transfer an obligation to pay or reimburse Merchant arising from, or related to, performance of this Agreement.
B. Other Amounts Owed. Merchant will immediately pay NMS and/or processor and Bank any amount incurred by Bank and/or NMS, as applicable, attributable to this Agreement including but not limited to chargebacks, fines imposed by Card Associations non-sufficient funds fees, and ACH debits that overdraw the Designated Account, Reserve Account or are otherwise dishonored. Merchant authorizes Bank to debit via ACH the Designated Account, Reserve Account, or any other account Merchant has at Bank or at any other affiliate or subsidiary of Bank or other financial institution for any amount Merchant owes Bank or NMS under this Agreement or under any other contract, note, guaranty, instrument or dealing of any kind now existing or later entered into between Merchant, on the one hand, Merchant and Bank or NMS, on the otherBank, whether Merchant obligation is direct, indirect, primary, secondary, fixed, contingent, joint or several. In the event Bank demand funds due or such ACH does not fully reimburse NMS Processor and Bank for the amount owed, Merchant will immediately pay Bank and/or NMS, as applicable, such amount. Merchant acknowledges and agrees that Bank and NMS will impose an 18% per annum interest rate charged to Merchant on the balance of any overdue funds due to Bank, or the greatest amount allowed by law, whichever is greater.
C. Pass-Through Fees. Each card organization (Visa, MasterCard and Discover Network) assess fees to merchants in connection with transactions that are outside the control of Bank, such as, dues & assessments, fixed acquirer network fees, international/cross-border transaction fees, network access and data usage charges. Because these fees are frequently modified by the card organizations, a detailed list of these fees has been posted online at www. r edwoodm erchantservic e. com / cardassociationfees where these fees are kept up to date. Pass-through fees are charged at cost to Merchant.
Appears in 1 contract
Samples: Merchant Processing Agreement
FEES AND OTHER AMOUNTS OWED BANK. A. Fees and Taxes. Merchant will pay Bank fees for services, forms and equipment in accordance with the fees and rates set forth on the Application. Such fees will be calculated and debited from the Designated Settlement Account once each business day or month for the previous business day or day’s activity and/or monthly for the previous month’s activity, or will be deducted from funds due Merchant attributable to Sales Drafts presented to Bank. Bank reserves the right to adjust the fees set forth on the Application, including adding fees for additional services utilized by Merchant, provided that Bank must approve, and notify Merchant in advance of, any fee to or obligation of Merchant arising from or related to performance of this Agreement. Merchant Xxxxxxxx is obligated to pay all taxes, and other charges imposed by any governmental authority on the services provided under this Agreement. Bank may not assign or otherwise transfer an obligation to pay or reimburse Merchant arising from, or related to, performance of this Agreement.
B. Other Amounts Owed. Merchant Xxxxxxxx will immediately pay NMS and/or Bank any amount incurred by Bank and/or NMS, as applicable, attributable to this Agreement including but not limited to chargebacks, fines imposed by Card Associations Networks, non-sufficient funds fees, fees and other fees related to ACH debits that overdraw the Designated Settlement Account, Reserve Account or are otherwise dishonored. Merchant authorizes Bank to debit via ACH the Designated Settlement Account, Reserve Account, or any other account Merchant has at Bank or at any other affiliate or subsidiary of Bank or other financial institution for any amount Merchant owes Bank or NMS under this Agreement or under any other contract, note, guaranty, instrument or dealing of any kind now existing or later entered into between Merchant, on the one hand, Merchant and Bank or NMS, on the otherBank, whether Merchant obligation is direct, indirect, primary, secondary, fixed, contingent, joint or several. In the event Bank demand demands funds due or such ACH does not fully reimburse NMS and Bank for the amount owed, Merchant Xxxxxxxx will immediately pay Bank and/or NMS, as applicable, such amount. Merchant Xxxxxxxx acknowledges and agrees that Bank and NMS will impose an 18a 24% per annum interest rate charged to Merchant on the balance of any overdue funds due to Bank, or the greatest amount allowed by law, whichever is greaterlower.
C. Pass-Through Fees. Each Card Network assesses additional fees and costs to merchants in connection with transactions, such as dues & assessments, fixed acquirer network fees, international/cross-border transaction fees, network access and data usage charges. Pass-through fees and costs are charged at cost to Merchant.
Appears in 1 contract
Samples: Merchant Processing Agreement
FEES AND OTHER AMOUNTS OWED BANK. A. Fees and Taxes. Merchant will pay Bank and Company fees for services, forms and equipment in accordance with the fees and rates set forth on the ApplicationApplication and all other sums owed to Bank and Company for sales and services set forth in this Agreement, as applicable. Merchant agrees that it is jointly and severally liable for all fees, charges, and other sums owed to Bank or Company by any affiliated entities of Merchant and permits Bank or Company to withhold funds from any affiliated entity to satisfy an obligation of Merchant. Such fees will be calculated and debited from the Designated Account once each business day or month for the previous business day or month’s activity, or will be deducted from funds due Merchant attributable to Sales Drafts presented to Bank. Bank reserves and Company reserve the right to adjust the fees set forth on the Application, including adding fees for additional services utilized by Merchant, provided that Bank or Company must approve, and notify Merchant thirty (30) days in advance of, any fee to or obligation of Merchant arising from or related to performance of this Agreement, except for any Card Brand fees which Company or Bank may notify Merchant in less than thirty (30) days. Merchant is obligated to pay all taxes, and other charges imposed by any governmental authority on the services provided under this Agreement. Bank may not assign or otherwise transfer an obligation to pay or reimburse Merchant arising from, or related to, performance of this Agreement. MERCHANT AUTHORIZES BANK AND COMPANY TO INITIATE DEBIT AND CREDIT ENTRIES TO THE DESIGNATED ACCOUNT FOR THE PURPOSES OF THE PAYMENT OF FEES AND ANY OTHER SUMS DUE UNDER THIS AGREEMENT.
B. Other Amounts Owed. Merchant will immediately pay NMS and/or Company and Bank any amount incurred by Bank and/or NMS, as applicable, attributable to this Agreement including but not limited to chargebacks, fines imposed by Card Associations non-sufficient funds fees, and ACH debits that overdraw the Designated Account, Reserve Account or are otherwise dishonored. Merchant authorizes Bank to debit via ACH the Designated Account, Reserve Account, or any other account Merchant has at Bank or at any other affiliate or subsidiary of Bank or other financial institution for any amount Merchant owes Bank or NMS under this Agreement or under any other contract, note, guaranty, instrument or dealing of any kind now existing or later entered into between Merchant, on the one hand, Merchant and Bank or NMS, on the otherBank, whether Merchant obligation is direct, indirect, primary, secondary, fixed, contingent, joint or several. In the event Bank demand funds due or such ACH does not fully reimburse NMS Company and Bank for the amount owed, Merchant will immediately pay Bank and/or NMS, as applicable, such amount. Merchant acknowledges and agrees that Bank and NMS will impose an 18% per annum interest rate charged to Merchant on the balance of any overdue funds due to Bank, or the greatest amount allowed by law, whichever is greater.
C. Pass-Through Fees. Each card organization (Visa, MasterCard and Discover Network) assess fees to merchants in connection with transactions that are outside the control of Bank, such as, dues & assessments, fixed acquirer network fees, international/cross-border transaction fees, network access and data usage charges. Because these fees are frequently modified by the card organizations, a detailed list of these fees has been posted online at www.rm pos. com / cardassociation fees where these fees are kept up to date. Pass-through fees are charged at cost to Merchant.
Appears in 1 contract
Samples: Merchant Processing Agreement