Common use of Member Default Clause in Contracts

Member Default. Any act or omission by a Member or failure by the Member to perform any relevant obligation set out in the Services Contract or otherwise required to provide the Services. The fee payable to the Payments Services Provider selected by Traktion Technologies for processing payments made through the Community Platform (except for British pound bank transfers which shall be free of charge) which shall be subject to a minimum charge of 50p and in respect of Stripe or PayPal payment processing fees, and credit/debit cards. Traktion Technologies does not charge for bank to bank transfers. Any costs associated with the transfer of funds through third party processing providers must be accounted for and added on top of the overall cost. We only accept payments in British pounds and any payments made from overseas must take this into consideration. Therefore the amount received for the invoice must be the full amount in British Pounds as stated on the invoice.

Member Default. Any act or omission by a Member or failure by the Member to perform any relevant obligation set out in the Services Contract or otherwise required to provide the Services. The fee payable to the Payments Services Provider selected by Traktion Technologies Investis Digital for processing payments made through the Community Platform (except for British pound bank transfers which shall be free of charge) which shall be subject to a minimum charge of 50p and in respect of Stripe or PayPal payment processing fees, and credit/debit cards. Traktion Technologies Investis Digital does not charge for bank to bank transfers. Any costs associated with the transfer of funds through third party processing providers must be accounted for and added on top of the overall cost. We only accept payments in British pounds and any payments made from overseas must take this into consideration. Therefore the amount received for the invoice must be the full amount in British Pounds as stated on the invoice.