Payment Limits; Payment Method Limitations Clause Samples

Payment Limits; Payment Method Limitations. Genie may, at our discretion, impose limits on the amount of money you can send as payments through the Genie Service, i.e. money you send for purchases. You can view your payment limit, if any, by logging into your Account and clicking on the “View Limits” link on the “Account Overview” page. If you have a Verified Account, we may, in our discretion, increase your sending limits. In order to manage risk, Genie may limit the Payment Methods available for a transaction. In addition, Payment Methods may be limited if you make a Genie payment through certain third party websites or applications. You are limited to funding your Genie payment with either (or both) your CashBox Balance or by Genie eCheck. In all such cases, you may choose to continue with the transaction with the understanding that you may waive your rights for dispute resolution when using Genie eCash or Genie eCheck should the transaction turn out to be unsatisfactory. Genie eCash payments are treated as a cash payment and you agree that such payment requests constitute your authorization for Genie to make the payment(s) on your behalf. Once you have provided your authorization for the payment, you will not be able to cancel the electronic transfer and any disputes between you and the receiving Member are to be treated as if you made a direct cash payment to the receiving party. Genie eCheck payments are to be treated as a payment made with a bank draft, issued by you, without giving up your rights to stop payments, and to disputes associated with issuing bank drafts. You further agree that Genie will not be responsible to mange and or settle any disputes arising between you and a seller for any payments eCash or eCheck you send when paying for any goods or services you purchase online, by phone or in a retail environment. You agree that you will not hold Genie liable for any damages resulting from payments you made through the Genie Services.