Common use of Inward Payment Transactions Clause in Contracts

Inward Payment Transactions. i. The Account Holder can receive a transfer of funds into its Payment Account. When funds are received, the balance and transaction history of the Payment Account on the Platform will be updated accordingly. ii. Finductive reserves the right, and shall not be held responsible, to reject and return incoming Payment Transactions in the following instances:  the details in the Payment Order provided by the Payer to its’ Payment Service Provider differ from the details of the in intended Payee’s Payment Account. It is therefore the Account Holder’s responsibility to provide the correct mandatory information (name, address and account number and/or IBAN) to the Payer to ensure that inward Payment Transactions are processed successfully;  the incoming payment originates from a Payment Services Provider or Payee which is not accepted by Finductive due to non-reputable jurisdiction or other reputational issue. Acceptance or otherwise shall be at Finductive’s absolute discretion. iii. In accordance with the law, Finductive may request additional details and documentation to support inward payments if it deems it fit to do so. In the event that Finductive is not satisfied with the documentation requested, or if the Account Holder fails to comply with Finductive’s request within two (2) working days, the funds will not be credited to the Payment Account and will be returned to the Payer. Finductive shall not be held responsible for any loss directly or indirectly suffered by the Account Holder in such a scenario. Furthermore, such return of funds may be subject to Fees charged by Finductive. iv. The incoming funds shall be credited to the Payment Account by not later than the following Business Day on which Finductive receives the funds. Provided that this shall not apply to Payment Transactions which need to be verified in accordance with clause 4.1. (iii) above.

Inward Payment Transactions. i. The Account Holder can receive a transfer of funds into its Payment Account. When funds are received, the balance and transaction history of the Payment Account on the Platform will be updated accordingly. ii. Finductive reserves the right, and shall not be held responsible, to reject and return incoming Payment Transactions in the following instances:  • the details in the Payment Order provided by the Payer to its’ Payment Service Provider differ from the details of the in intended Payee’s Payment Account. It is therefore the Account Holder’s responsibility to provide the correct mandatory information (name, address and account number and/or IBAN) to the Payer to ensure that inward Payment Transactions are processed successfully;  • the incoming payment originates from a Payment Services Provider or Payee which is not accepted by Finductive due to non-reputable jurisdiction or other reputational issue. Acceptance or otherwise shall be at Finductive’s absolute discretion. iii. In accordance with the law, Finductive may request additional details and documentation to support inward payments if it deems it fit to do so. In the event that Finductive is not satisfied with the documentation requested, or if the Account Holder fails to comply with Finductive’s request within two (2) working days, the funds will not be credited to the Payment Account and will be returned to the Payer. Finductive shall not be held responsible for any loss directly or indirectly suffered by the Account Holder in such a scenario. Furthermore, such return of funds may be subject to Fees charged by Finductive. iv. The incoming funds shall be credited to the Payment Account by not later than the following Business Day on which Finductive receives the funds. Provided that this shall not apply to Payment Transactions which need to be verified in accordance with clause 4.1. (iii) above.

Inward Payment Transactions. i. The Account Holder can receive a transfer of funds into its Payment Account. When funds are received, the balance and transaction history of the Payment Account on the Platform will be updated accordingly. ii. Finductive reserves the right, and shall not be held responsible, to reject and return incoming Payment Transactions in the following instances:  • the details in the Payment Order provided by the Payer to its’ Payment Service Provider differ from the details of the in intended Payee’s Payment Account. It is therefore the Account Holder’s responsibility to provide the correct mandatory information (name, address and account number and/or IBAN) to the Payer to ensure that inward Payment Transactions are processed successfully;  • the incoming payment originates from a Payment Services Provider or Payee which is not accepted by Finductive due to non-reputable jurisdiction or other reputational issue. Acceptance or otherwise shall be at Finductive’s absolute discretion. iii. In accordance with the law, Finductive may request additional details and documentation to support inward payments if it deems it fit to do so. In the event that Finductive is not satisfied with the documentation requested, or if the Account Holder fails to comply with Finductive’s request within two (2) working daysBusiness Days, the funds will not be credited to the Payment Account and will be returned to the Payer. Finductive shall not be held responsible for any loss directly or indirectly suffered by the Account Holder in such a scenario. Furthermore, such return of funds may be subject to Fees charged by Finductive. iv. The incoming funds shall be credited to the Payment Account by not later than the following Business Day on which Finductive receives the funds. Provided that this shall not apply to Payment Transactions which need to be verified in accordance with clause 4.1. (iii) above.

Inward Payment Transactions. i. The Account Holder can receive a transfer of funds into its Payment Account. When funds are received, the balance and transaction history of the Payment Account on the Platform will be updated accordingly. ii. Finductive reserves the right, and shall not be held responsible, to reject and return incoming Payment Transactions in the following instances:  the details in the Payment Order provided by the Payer to its’ Payment Service Provider differ from the details of the in intended PayeeXxxxx’s Payment Account. It is therefore the Account Holder’s responsibility to provide the correct mandatory information (name, address and account number and/or IBAN) to the Payer to ensure that inward Payment Transactions are processed successfully;  the incoming payment originates from a Payment Services Provider or Payee which is not accepted by Finductive due to non-reputable jurisdiction or other reputational issue. Acceptance or otherwise shall be at Finductive’s absolute discretion. iii. In accordance with the law, Finductive may request additional details and documentation to support inward payments if it deems it fit to do so. In the event that Finductive is not satisfied with the documentation requested, or if the Account Holder fails to comply with Finductive’s request within two (2) working daysBusiness Days, the funds will not be credited to the Payment Account and will be returned to the Payer. Finductive shall not be held responsible for any loss directly or indirectly suffered by the Account Holder in such a scenario. Furthermore, such return of funds may be subject to Fees charged by Finductive. iv. The incoming funds shall be credited to the Payment Account by not later than the following Business Day on which Finductive receives the funds. Provided that this shall not apply to Payment Transactions which need to be verified in accordance with clause 4.1. (iii) above.

Inward Payment Transactions. i. The Account Holder can receive a transfer of funds into its Payment Account. When funds are received, the balance and transaction history of the Payment Account on the Platform will be updated accordingly. ii. Finductive reserves the right, and shall not be held responsible, to reject and return incoming Payment Transactions in the following instances:  • the details in the Payment Order provided by the Payer to its’ Payment Service Provider differ from the details of the in intended Payee’s Payment Account. It is therefore the Account Holder’s responsibility to provide the correct mandatory information (name, address and account number and/or IBAN) to the Payer to ensure that inward Payment Transactions are processed successfully;  • the incoming payment originates from a Payment Services Provider or Payee which is not accepted by Finductive due to non-reputable jurisdiction or other reputational issue. Acceptance or otherwise shall be at Finductive’s absolute discretion. iii. In accordance with the law, Finductive may request additional details and documentation to support inward payments if it deems it fit to do so. In the event that Finductive is not satisfied with the documentation requested, or if the Account Holder fails to comply with Finductive’s request within two (2) working days, the funds will not be credited to the Payment Account and will be returned to the Payer. Finductive shall not be held responsible for any loss directly or indirectly suffered by the Account Holder in such a scenario. Furthermore, such return of funds may be subject to Fees charged by Finductive. iv. The incoming funds shall be credited to the Payment Account by not later than the following Business Day on which Finductive receives the funds. Provided that this shall not apply to Payment Transactions which need to be verified in accordance with clause 4.1. (iii) above.

Inward Payment Transactions. i. The Account Holder can receive a transfer of funds into its Payment Account. When funds are received, the balance and transaction history of the Payment Account on the Platform will be updated accordingly. ii. Finductive reserves the right, and shall not be held responsible, to reject and return incoming Payment Transactions in the following instances:  the details in the Payment Order provided by the Payer to its’ Payment Service Provider differ from the details of the in intended Payee’s Payment Account. It is therefore the Account Holder’s responsibility to provide the correct mandatory information (name, address and account number and/or IBAN) to the Payer to ensure that inward Payment Transactions are processed successfully; .  the incoming payment originates from a Payment Services Provider or Payee which is not accepted by Finductive due to non-reputable jurisdiction or other reputational issue. Acceptance or otherwise shall be at Finductive’s absolute discretion. iii. In accordance with the law, Finductive may request additional details and documentation to support inward payments if it deems it fit to do so. In the event that Finductive is not satisfied with the documentation requested, or if the Account Holder fails to comply with Finductive’s request within two (2) working daysBusiness Days, the funds will not be credited to the Payment Account and will be returned to the Payer. Finductive shall not be held responsible for any loss directly or indirectly suffered by the Account Holder in such a scenario. Furthermore, such return of funds may be subject to Fees charged by Finductive. iv. The incoming funds shall be credited to the Payment Account by not later than the following Business Day on which Finductive receives the funds. Provided that this shall not apply to Payment Transactions which need to be verified in accordance with clause 4.1. (iii) above.

Inward Payment Transactions. i. The Account Holder can receive a transfer of funds into its Payment Account. When funds are received, the balance and transaction history of the Payment Account on the Platform will be updated accordingly. ii. Finductive reserves the right, and shall not be held responsible, to reject and return incoming Payment Transactions in the following instances:  • the details in the Payment Order provided by the Payer to its’ Payment Service Provider differ from the details of the in intended PayeeXxxxx’s Payment Account. It is therefore the Account Holder’s responsibility to provide the correct mandatory information (name, address and account number and/or IBAN) to the Payer to ensure that inward Payment Transactions are processed successfully;  • the incoming payment originates from a Payment Services Provider or Payee which is not accepted by Finductive due to non-reputable non‐reputable jurisdiction or other reputational issue. Acceptance or otherwise shall be at Finductive’s absolute discretion. iii. In accordance with the law, Finductive may request additional details and documentation to support inward payments if it deems it fit to do so. In the event that Finductive is not satisfied with the documentation requested, or if the Account Holder fails to comply with Finductive’s request within two (2) working daysBusiness Days, the funds will not be credited to the Payment Account and will be returned to the Payer. Finductive shall not be held responsible for any loss directly or indirectly suffered by the Account Holder in such a scenario. Furthermore, such return of funds may be subject to Fees charged by Finductive. iv. The incoming funds shall be credited to the Payment Account by not later than the following Business Day on which Finductive receives the funds. Provided that this shall not apply to Payment Transactions which need to be verified in accordance with clause 4.1. (iii) above.

Inward Payment Transactions. i. The Account Holder can receive a transfer of funds into its Payment Account. When funds are received, the balance and transaction history of the Payment Account on the Platform will be updated accordingly. ii. Finductive reserves the right, and shall not be held responsible, to reject and return incoming Payment Transactions in the following instances:  the details in the Payment Order provided by the Payer to its’ Payment Service Provider differ from the details of the in intended Payee’s Payment Account. It is therefore the Account Holder’s responsibility to provide the correct mandatory information (name, address and account number and/or IBAN) to the Payer to ensure that inward Payment Transactions are processed successfully;  the incoming payment originates from a Payment Services Provider or Payee which is not accepted by Finductive due to non-reputable jurisdiction or other reputational issue. Acceptance or otherwise shall be at Finductive’s absolute discretion. iii. In accordance with the law, Finductive may request additional details and documentation to support inward payments if it deems it fit to do so. In the event that Finductive is not satisfied with the documentation requested, or if the Account Holder fails to comply with Finductive’s request within two (2) working daysBusiness Days, the funds will not be credited to the Payment Account and will be returned to the Payer. Finductive shall not be held responsible for any loss directly or indirectly suffered by the Account Holder in such a scenario. Furthermore, such return of funds may be subject to Fees charged by Finductive. iv. The incoming funds shall be credited to the Payment Account by not later than the following Business Day on which Finductive receives the funds. Provided that this shall not apply to Payment Transactions which need to be verified in accordance with clause 4.1. (iii) above.

Inward Payment Transactions. i. The Account Holder can receive a transfer of funds into its Payment Account. When funds are received, the balance and transaction history of the Payment Account on the Platform will be updated accordingly. ii. Finductive reserves the right, and shall not be held responsible, to reject and return incoming Payment Transactions in the following instances:  • the details in the Payment Order provided by the Payer to its’ Payment Service Provider differ from the details of the in intended Payee’s Payment Account. It is therefore the Account Holder’s responsibility to provide the correct mandatory information (name, address and account number and/or IBAN) to the Payer to ensure that inward Payment Transactions are processed successfully;  . • the incoming payment originates from a Payment Services Provider or Payee which is not accepted by Finductive due to non-reputable jurisdiction or other reputational issue. Acceptance or otherwise shall be at Finductive’s absolute discretion. iii. In accordance with the law, Finductive may request additional details and documentation to support inward payments if it deems it fit to do so. In the event that Finductive is not satisfied with the documentation requested, or if the Account Holder fails to comply with Finductive’s request within two (2) working daysBusiness Days, the funds will not be credited to the Payment Account and will be returned to the Payer. Finductive shall not be held responsible for any loss directly or indirectly suffered by the Account Holder in such a scenario. Furthermore, such return of funds may be subject to Fees charged by Finductive. iv. The incoming funds shall be credited to the Payment Account by not later than the following Business Day on which Finductive receives the funds. Provided that this shall not apply to Payment Transactions which need to be verified in accordance with clause 4.1. (iii) above.

Inward Payment Transactions. i. The Account Holder can receive a transfer of funds into its Payment Account. When funds are received, the balance and transaction history of the Payment Account on the Platform will be updated accordingly. ii. Finductive reserves the right, and shall not be held responsible, to reject and return incoming Payment Transactions in the following instances:  • the details in the Payment Order provided by the Payer to its’ Payment Service Provider differ from the details of the in intended PayeeXxxxx’s Payment Account. It is therefore the Account Holder’s responsibility to provide the correct mandatory information (name, address and account number and/or IBAN) to the Payer to ensure that inward Payment Transactions are processed successfully;  . • the incoming payment originates from a Payment Services Provider or Payee which is not accepted by Finductive due to non-reputable non‐reputable jurisdiction or other reputational issue. Acceptance or otherwise shall be at Finductive’s absolute discretion. iii. In accordance with the law, Finductive may request additional details and documentation to support inward payments if it deems it fit to do so. In the event that Finductive is not satisfied with the documentation requested, or if the Account Holder fails to comply with Finductive’s request within two (2) working daysBusiness Days, the funds will not be credited to the Payment Account and will be returned to the Payer. Finductive shall not be held responsible for any loss directly or indirectly suffered by the Account Holder in such a scenario. Furthermore, such return of funds may be subject to Fees charged by Finductive. iv. The incoming funds shall be credited to the Payment Account by not later than the following Business Day on which Finductive receives the funds. Provided that this shall not apply to Payment Transactions which need to be verified in accordance with clause 4.1. (iii) above.

Inward Payment Transactions. i. The Account Holder can receive a transfer of funds into its Payment Account. When funds are received, the balance and transaction history of the Payment Account on the Platform will be updated accordingly. ii. Finductive reserves the right, and shall not be held responsible, to reject and return incoming Payment Transactions in the following instances:  • the details in the Payment Order provided by the Payer to its’ Payment Service Provider differ from the details of the in intended PayeeXxxxx’s Payment Account. It is therefore the Account Holder’s responsibility to provide the correct mandatory information (name, address and account number and/or IBAN) to the Payer to ensure that inward Payment Transactions are processed successfully;  . • the incoming payment originates from a Payment Services Provider or Payee which is not accepted by Finductive due to non-reputable jurisdiction or other reputational issue. Acceptance or otherwise shall be at Finductive’s absolute discretion. iii. In accordance with the law, Finductive may request additional details and documentation to support inward payments if it deems it fit to do so. In the event that Finductive is not satisfied with the documentation requested, or if the Account Holder fails to comply with Finductive’s request within two (2) working daysBusiness Days, the funds will not be credited to the Payment Account and will be returned to the Payer. Finductive shall not be held responsible for any loss directly or indirectly suffered by the Account Holder in such a scenario. Furthermore, such return of funds may be subject to Fees charged by Finductive. iv. The incoming funds shall be credited to the Payment Account by not later than the following Business Day on which Finductive receives the funds. Provided that this shall not apply to Payment Transactions which need to be verified in accordance with clause 4.1. (iii) above.

Inward Payment Transactions. i. The Account Holder can receive a transfer of funds into its Payment Account. When funds are received, the balance and transaction history of the Payment Account on the Platform will be updated accordingly. ii. Finductive reserves the right, and shall not be held responsible, to reject and return incoming Payment Transactions in the following instances:  the details in the Payment Order provided by the Payer to its’ Payment Service Provider differ from the details of the in intended Payee’s Payment Account. It is therefore the Account Holder’s responsibility to provide the correct mandatory information (name, address and account number and/or IBAN) to the Payer to ensure that inward Payment Transactions are processed successfully;  . the incoming payment originates from a Payment Services Provider or Payee which is not accepted by Finductive due to non-reputable jurisdiction or other reputational issue. Acceptance or otherwise shall be at Finductive’s absolute discretion. iii. In accordance with the law, Finductive may request additional details and documentation to support inward payments if it deems it fit to do so. In the event that Finductive is not satisfied with the documentation requested, or if the Account Holder fails to comply with Finductive’s request within two (2) working daysBusiness Days, the funds will not be credited to the Payment Account and will be returned to the Payer. Finductive shall not be held responsible for any loss directly or indirectly suffered by the Account Holder in such a scenario. Furthermore, such return of funds may be subject to Fees charged by Finductive. iv. The incoming funds shall be credited to the Payment Account by not later than the following Business Day on which Finductive receives the funds. Provided that this shall not apply to Payment Transactions which need to be verified in accordance with clause 4.1. (iii) above.