Common use of Main Service Clause in Contracts

Main Service. 3.1.1. Maksekeskus shall provide the following Main Service to the Merchant: on the basis of the Merchant’s Authorisation, collecting Transaction Amounts from Payers through Payment Method and forwarding them to the Merchant. 3.1.2. The detailed description of the Main Service is as follows: (1) the Merchant forwards the Transaction Order to the Payment Environment; (2) the Payer pays the Transaction Amount; (3) Maksekeskus forwards the Transaction Confirmation to the Website; (4) if necessary, the Merchant forwards the Refund Order to the Payment Environment (including several Return Orders for a single Transaction); (5) Maksekeskus shall execute the payments to the Merchant’s bank account pursuant to Transaction Orders and refund the Payer’s bank account pursuant to the Refund Orders after executing the offsetting specified in the Agreement. 3.1.3. For the Merchant who has chosen the Factoring Service provided by the Factor as one of the Payment Methods, the present clause of the General Terms and Conditions shall apply. In case of Factoring Service, the Payer shall be the Factor. The Parties consider that the Merchant assigns to the Factor without the right of recourse the outstanding Sales Price claims against the Payer arising from the Sales Agreement, which meet the conditions determined by the Factor. Assignment of the claim shall be deemed to have taken place from the receipt of the Sales Price paid by the Factor into the bank account of Maksekeskus. Xxxxxx notifies the debtor of the assignment of claim.

Main Service. 3.1.1. Maksekeskus shall provide the following Main Service to the Merchant: on the basis of the Merchant’s Authorisation, collecting Transaction Amounts from Payers through Payment Method and forwarding them to the Merchant. 3.1.2. The detailed description of the Main Service is as follows: (1) the Merchant forwards the Transaction Order to the Payment Environment; (2) the Payer pays the Transaction Amount; (3) Maksekeskus forwards the Transaction Confirmation to the Website; (4) if necessary, the Merchant forwards the Refund Order to the Payment Environment (including several Return Orders for a single Transaction); (5) Maksekeskus shall execute the payments to the Merchant’s bank account pursuant to Transaction Orders and refund the Payer’s bank account pursuant to the Refund Orders after executing the offsetting specified in the Agreement. 3.1.3. For the Merchant who has chosen the Factoring Service provided by the Factor as one of the Payment Methods, the present clause of the General Terms and Conditions shall apply. In case of Factoring Service, the Payer shall be the Factor. The Parties consider that the Merchant assigns to the Factor without the right of recourse the outstanding Sales Price claims against the Payer arising from the Sales Agreement, which meet the conditions determined by the Factor. Assignment of the claim shall be deemed to have taken place from the receipt of the Sales Price paid by the Factor into the bank account of Maksekeskus. Xxxxxx Factor notifies the debtor of the assignment of claim.