Payment and Pricing. 6.1 Before you are able to use the Service, you are required to purchase at least 1 (one) Card Reader, which you will order during the online application process. The price of the Card Reader is included in the Fee Schedule. 6.2 After the payment of the price of the Card Reader, you will be required to make the payments set out in the Fee Schedule to Yoco on an ongoing basis, on the terms set out in the Fee Schedule, unless agreed otherwise in writing with Yoco. 6.3 Yoco reserves the right to change any of the fees referred to in clause 6.2 by giving you 30 (thirty) days’ advance notice. In this event – 6.3.1 in order to keep using the Services, you must agree to the changes to the fees; 6.3.2 if you do not agree to the changes to the fees, you will need to close your Merchant Account. 6.4 If Yoco does not approve your application under Step 3 (clause 4.1.3), you have the option to either keep your Card Reader or request Yoco, in writing, to refund your Card Reader amount within 14 (fourteen) days of being informed thereof. 6.5 All balances in your Merchant Account and all fees, charges, and payments collected or paid through the Services are denominated in South African Rand.
Appears in 3 contracts
Samples: Merchant Agreement, Merchant Agreement, Merchant Agreement
Payment and Pricing. 6.1 Before you are able to use the Service, you are required to purchase at least 1 (one) Card Reader, which you will order during the online application process. The price of the Card Reader is included in the Fee Schedule.
6.2 After the payment of the price of the Card Reader, you will be required to make the payments set out in the Fee Schedule to Yoco on an ongoing basis, on the terms set out in the Fee Schedule, unless agreed otherwise in writing with Yoco.
6.3 Yoco reserves the right to change any of the fees referred to in clause 6.2 by giving you 30 (thirty) days’ advance notice. In this event –
6.3.1 in order to keep using the Services, you must agree to the changes to the fees;
6.3.2 if you do not agree to the changes to the fees, you will need to close your Merchant Account.
6.4 If Yoco does not approve your application under Step 3 (clause 4.1.3)4.1.3, you have the option to either keep your Card Reader or request Yoco, in writing, to refund your Card Reader amount within 14 (fourteen) days of being informed thereof.
6.5 All balances in your Merchant Account and all fees, charges, and payments collected or paid through the Services are denominated in South African Rand.
Appears in 1 contract
Samples: Merchant Agreement
