NETTING OF TRANSACTIONS. MERCHANT acknowledges that all transactions between SPS-EFT and MERCHANT under this Agreement, except assessment of fees, shall be treated as a single transaction for purposes of daily settlement between MERCHANT and SPS-EFT.
NETTING OF TRANSACTIONS. Merchant acknowledges that all transactions between SPS-EFT and Merchant under this Agreement, except assessment and calculation of fees, shall be treated as a single transaction for purposes of daily settlement between Merchant and SPS-EFT.
NETTING OF TRANSACTIONS. CUSTOMER acknowledges that all transactions between CUSTOMER and PROCESSOR under this Agreement, except assessment of fees, shall be treated as a single transaction for purposes of settlement between CUSTOMER and PROCESSOR.
NETTING OF TRANSACTIONS. MERCHANT acknowledges that all transactions between GETI and MERCHANT under this Agreement, except assessment of fees, shall be treated as a single transaction for purposes of daily settlement between MERCHANT and GETI.
NETTING OF TRANSACTIONS. Merchant acknowledges that all transactions between GETI and Merchant under this Agreement, except assessment and calculation of fees, shall be treated as a single transaction for purposes of daily settlement between Merchant and GETI.
NETTING OF TRANSACTIONS. Customer acknowledges that all transactions between Customer and Processor under this Agreement, except assessment of fees, shall be treated as a single transaction for purposes of settlement between Customer and Processor.
NETTING OF TRANSACTIONS. MERCHANT acknowledges that all transactions between Paya-EFT and MERCHANT under this Agreement, except assessment of fees, shall be treated as a single transaction for purposes of daily settlement between MERCHANT and Paya-EFT. The Settlement period varies depending on the Service. Chargebacks may be deducted from net settlement or may be debited from MERCHANT’s account if no pending credits are available to offset the chargeback. PAYMENT. MERCHANT acknowledges that this Agreement provides for the provisional settlement of MERCHANT’S transactions, subject to certain terms and conditions, fees, credit transactions, contingent claims for chargebacks, adjustments and final settlement including but not limited to those enumerated herein. All payments to MERCHANT for legitimate and authorized transactions shall be made by Paya-EFT through the ACH and shall normally be electronically transmitted directly to MERCHANT’S designated account. However, Paya- EFT cannot guarantee the timeliness with which any payment may be credited by MERCHANT’S bank. XXXXXXXX understands that due to the nature of the ACH and the electronic networks involved and the fact that not all banks belong to an ACH, payment to MERCHANT can be delayed. In such cases, XXXXXXXX agrees to work with Paya-EFT to help resolve any problems in crediting MERCHANT’S designated account. In the event that a payment is rejected by MERCHANT’S bank or fails to arrive within seven (7) banking days from the date of settlement due to problems beyond Paya-EFT’S control, Paya-EFT may periodically wire transfer all funds due MERCHANT until the problem is corrected, at MERCHANT’S EXPENSE. All payments to MERCHANT shall be made after first deducting therefrom any discount fee, transaction fee, credit, chargeback, reserve or other fee or charge for which MERCHANT is responsible pursuant to this Agreement. Said charges and fees shall be deducted from incoming transactions or may be debited against MERCHANT’S designated Account at Paya-EFT’s sole discretion, without any further notice or demand. AUTHORIZATION TO ACCESS MERCHANT’s ACCOUNT. MERCHANT hereby authorizes Paya-EFT to initiate debit and credit entries to MERCHANT’S designated account. MERCHANT’s authorization shall continue in effect for at least 120 days after termination of this Agreement, or for a longer period as determined necessary by Paya-EFT in the exercise of its sole discretion in order to properly terminate business. Unless a reserve or delay is plac...
NETTING OF TRANSACTIONS. MERCHANT acknowledges that all transactions between Paya-EFT and MERCHANT under this ACH Agreement, except assessment of fees, shall be treated as a single transaction for purposes of daily settlement between MERCHANT and Paya-EFT. The Settlement period varies depending on the Service. Chargebacks may be deducted from net settlement or may be debited from MERCHANT’s account if no pending credits are available to offset the chargeback.
NETTING OF TRANSACTIONS. CUSTOMER acknowledges that all transactions between CUSTOMER and VCI under this Agreement, except assessment of fees, shall be treated as a single transaction for purposes of settlement between CUSTOMER and VCI.
