Common use of PAYMENT DATES AND BUSINESS DAYS Clause in Contracts

PAYMENT DATES AND BUSINESS DAYS. For each transaction you initiate through the Services, you agree to designate the payment date on which you desire funds to be delivered to your targeted merchant. The payment date must be a Business Day as defined in Section 2.6 (Business Days) above. You agree that if you designate a payment date which is not a Business Day for a one- time payment, then the payment date will be the previous Business Day. You acknowledge that recurring payments which fall on a non-Business Day will post the next Business Day. You acknowledge it is essential that the payment date be before the merchant’s due date. You further acknowledge that, since the time for processing your transactions varies according to merchant, it is essential that you become familiar with the payment processing time for each merchant you desire to pay and to allow a sufficient number of Business Days between the date you input the transaction and the payment date. We will not be liable to you for any losses, including, but not limited to, fees, expenses and costs incurred by you, caused by your improper designation of a payment date or by your failure to allow a sufficient number of Business Days between the date you input the transaction and the payment date.

PAYMENT DATES AND BUSINESS DAYS. For each transaction you initiate through the Services, you agree to designate the payment date on which you desire funds to be delivered to your targeted merchant. The payment date must be a Business Day as defined in Section 2.6 (Business Days) above. You agree that if you designate a payment date which is not a Business Day for a one- one-time payment, then the payment date will be the previous Business DayDay (or the date indicated on the Site). You acknowledge that recurring payments which fall on a non-Business Day will post the next Business Day. You acknowledge it is essential that the payment date be before the merchant’s due date. You further acknowledge that, since the time for processing your transactions varies according to merchant, it is essential that you become familiar with the payment processing time for each merchant you desire to pay and to allow a sufficient number of Business Days between the date you input the transaction and the payment date. We will not be liable to you for any losses, including, but not limited to, fees, expenses and costs incurred by you, caused by your improper designation of a payment date or by your failure to allow a sufficient number of Business Days between the date you input the transaction and the payment date.