Common use of Initiating and Authorizing an Online Payment Clause in Contracts

Initiating and Authorizing an Online Payment.  You acknowledge that you must initiate an Online Payment through the applicable Participating Merchant's website.  Once you have authorized an Online Payment, the payment authorization details for the Online Payment will be sent to the Participating Merchant through the Online Payment Services. Once this authorization is received, the amount of the Online Payment will be withdrawn from your Account. We will hold the funds until the Participating Merchant successfully claims the Online Payment.  If the Participating Merchant does not claim the Online Payment within 30 minutes from the time that you have authorized the Online Payment funds will be returned to your Account. Additionally, if the Participating Merchant cancels or declines receipt of the Online Payment after you have authorized it then funds will be returned to your Account. In each of these situations, we cannot guarantee the date or time that the hold on the amount of the Online Payment will be removed and therefore you acknowledge that you may not have immediate access to the amount of the Online Payment.  You agree that we, Central 1 and Acxsys Corporation are entitled to pay an Online Payment from your Account to anyone who claims to be the Participating Merchant and provides the applicable payment authorization details to us within 30 minutes from the time that you authorize the Online Payment.  We will not pay interest on the Online Payment amount to you or any Participating Merchant (including for the period of time that the Online Payment amount was not in your Account).

Initiating and Authorizing an Online Payment.  You acknowledge that you must initiate an Online Payment through the applicable Participating Merchant's website.  • Once you have authorized an Online Payment, the payment authorization details for the Online Payment will be sent to the Participating Merchant through the Online Payment Services. Once this authorization is received, the amount of the Online Payment will be withdrawn from your Account. We will hold the funds until the Participating Merchant successfully claims the Online Payment.  • If the Participating Merchant does not claim the Online Payment within 30 minutes from the time that you have authorized the Online Payment funds will be returned to your Account. Additionally, if the Participating Merchant cancels or declines receipt of the Online Payment after you have authorized it then funds will be returned to your Account. In each of these situations, we cannot guarantee the date or time that the hold on the amount of the Online Payment will be removed and therefore you acknowledge that you may not have immediate access to the amount of the Online Payment.  • You agree that we, Central 1 and Acxsys Corporation Interac Corp. are entitled to pay an Online Payment from your Account to anyone who claims to be the Participating Merchant and provides the applicable payment authorization details to us within 30 minutes from the time that you authorize the Online Payment.  • We will not pay interest on the Online Payment amount to you or any Participating Merchant (including for the period of time that the Online Payment amount was not in your Account).

Initiating and Authorizing an Online Payment.  You acknowledge that you must initiate an Online Payment through the applicable Participating Merchant's website.  • Once you have authorized an Online Payment, the payment authorization details for the Online Payment will be sent to the Participating Merchant through the Online Payment Services. Once this authorization is received, the amount of the Online Payment will be withdrawn from your Account. We will hold the funds until the Participating Merchant successfully claims the Online Payment.  • If the Participating Merchant does not claim the Online Payment within 30 minutes from the time that you have authorized the Online Payment funds will be returned to your Account. Additionally, if the Participating Merchant cancels or declines receipt of the Online Payment after you have authorized it then funds will be returned to your Account. In each of these situations, we cannot guarantee the date or time that the hold on the amount of the Online Payment will be removed and therefore you acknowledge that you may not have immediate access to the amount of the Online Payment.  • You agree that we, Central 1 and Acxsys Corporation are entitled to pay an Online Payment from your Account to anyone who claims to be the Participating Merchant and provides the applicable payment authorization details to us within 30 minutes from the time that you authorize the Online Payment.  • We will not pay interest on the Online Payment amount to you or any Participating Merchant (including for the period of time that the Online Payment amount was not in your Account).