MONEY REMITTANCE. 5.1. Subject to the terms of this Agreement, you agree that Oro Pay will execute your instructed payment order by debiting your account and crediting the account of the person you are remitting the e- money to at Oro Pay on the same day. Where the recipient’s account is with another payment service provider the payment will be made as soon as the payment schemes available to Oro Pay allow, which is normally one business day from the date we received valid payment instruction from you. To facilitate the payment as indicated you need to:
5.1.1. Log into your account with the merchant and select (click) the relevant button (“Continue”, “Proceed with Payment”, “Pay”, or any other word or phrase) at the merchant website, or checkout options that permit you to provide Oro Pay with payment instructions. You may also use alternative methods as they may be instructed to you from Oro Pay, from time to time, when you are in the process of submitting a payment instruction;
5.1.2. Complete all the required information (mandatory fields) in the relevant payment process as may be required by Oro Pay and/or the recipient of the e-money;
5.1.3. Make the payment order before 17:00 (Eastern European Time – UTC+2) on a business day. Payment orders given after this time will be considered as next business day orders.
5.1.4. Log into your Oro Pay account at the Oro Pay website and select the merchant/recipient you wish to make a push payment. Once you have selected the merchant/recipient and entered the required details, select the “Complete Payment” button/link that will permit you to provide us with your payment instruction. Depending on the recipient’s terms, payments may not be accepted immediately.
MONEY REMITTANCE. A payment service where funds are received from a payer, without any payment accounts being created in the name of the payer or the payee, for the sole purpose of transferring a corresponding amount to a payee or to another payment service provider acting on behalf of the payee, and/or where such funds are received on behalf of and made available to the payee.
MONEY REMITTANCE. Licensee shall, upon Issuing Bank's approval, allow Company to market and offer, on behalf of a fully licensed money transmitter and registered money service business authorized to conduct remittances ("Remittance Provider") certain money remittance services to Cardholders, by redirecting them to the Remittance Provider's website, mobile application or other online platform whereby Cardholders may conduct an international or domestic money transfer directly with such Remittance Provider. Company must receive prior written approval from Licensee and Issuing Bank before incorporating any such Remittance Provider's offering into the Program website, application, IVR or other communication method to Cardholders, which may include, but is not limited to, appropriate initial and ongoing due diligence and underwriting by Licensee or Issuing Bank of such Remittance Provider and the inclusion of an interstitial or other mechanism to delineate the Remittance Provider's platform from the Program website or application.
MONEY REMITTANCE
