Common use of Payment of Cross-Border Mobile Payments Clause in Contracts

Payment of Cross-Border Mobile Payments. 3.1 Upon receipt of Cross-Border Mobile Payments by the Acquirer, XXXXX (or its engaged third party) will transfer the credit funds it receives for the Merchant on the first business day after receipt on its third party account. The data from the 2PAYNOW® app determines which cross-border Mobile Payments are accepted and authorized by the Issuing Bank. XXXXX is authorized to adjust the schedule and/or the frequency of payments to be made. 3.2 The guarantee of XXXXX to payment and the obligation of XXXXX to continuing payment resulting from cross-border Mobile Payments does not apply if: a. In the opinion of XXXXX there is more than one payment for the same purchase or if there is a demonstrably improperly processed Cross-Border Mobile Payments due to technical failures; b. In the opinion of XXXXX it is sufficiently plausible that the Merchant does not or has not complied fully with the obligations arising from the Agreement; c. In the opinion of XXXXX there is, or could be, fraudulent activity with the 2PAYNOW® app or other irregularities. 3.3 Only XXXXX, as a result of Cross-border payments Mobile Payments, will make payments to the Merchant. The Merchant may not make claims towards the Acquirer for any other payments. Other than at the request or instruction from XXXXX, the Merchant will not commit itself to third parties with respect to the transport and processing of cross- border Mobile Payments. 3.4 In accordance with the terms of the Agreement, the amount of the Cross-Border Mobile Payments to be paid to the bank account remain unchanged. Unless otherwise agreed upon, XXXXX will deduct commissions, fees, or any other amount contents directly from the amounts payable to the Merchant. 3.5 XXXXX in fulfilling its obligations, as stipulated under the Agreement, uses the Foundation. 3.6 The Foundation receives payments for which authorization was granted on an escrow account, which is solely intended to receive, temporarily manage and distribute funds from authorized transactions in connection with the Services, which is taken into account at a Payment Institution licensed under Dutch law based on the Anti-Money Laundering and Anti-Terrorist Financing Act. Amounts received by the Foundation will be transferred to the Merchant no later than the third working day after receipt to its third-party account. XXXXX points out that the Merchant can insure themselves against any risk of paying by The Foundation. 3.7 Merchant is obligated to refund the amount of a cross-border Mobile Payment, which has to be paid immediately upon first request by XXXXX, or V2Future, if: a. a payment has been made twice to Merchant; and/or b. an evident breach of contract by Merchant.

Payment of Cross-Border Mobile Payments. 3.1 Upon receipt of Cross-Border Mobile Payments by the Acquirer, XXXXX SEPAY (or its engaged third party) will transfer the credit funds it receives for the Merchant on the first business day after receipt on its third party account. The data from the 2PAYNOW® app determines which cross-border Mobile Payments are accepted and authorized by the Issuing Bank. XXXXX SEPAY is authorized to adjust the schedule and/or the frequency of payments to be made. 3.2 The guarantee of XXXXX SEPAY to payment and the obligation of XXXXX SEPAY to continuing payment resulting from cross-border Mobile Payments does not apply if: a. In the opinion of XXXXX SEPAY there is more than one payment for the same purchase or if there is a demonstrably improperly processed Cross-Border Mobile Payments due to technical failures; b. In the opinion of XXXXX SEPAY it is sufficiently plausible that the Merchant does not or has not complied fully with the obligations arising from the Agreement; c. In the opinion of XXXXX SEPAY there is, or could be, fraudulent activity with the 2PAYNOW® app or other irregularities. 3.3 Only XXXXXSEPAY, as a result of Cross-border payments Mobile Payments, will make payments to the Merchant. The Merchant may not make claims towards the Acquirer for any other payments. Other than at the request or instruction from XXXXXSEPAY, the Merchant will not commit itself to third parties with respect to the transport and processing of cross- border Mobile Payments. 3.4 In accordance with the terms of the Agreement, the amount of the Cross-Border Mobile Payments to be paid to the bank account remain unchanged. Unless otherwise agreed upon, XXXXX SEPAY will deduct commissions, fees, or any other amount contents directly from the amounts payable to the Merchant. 3.5 XXXXX SEPAY in fulfilling its obligations, as stipulated under the Agreement, uses the Foundation. 3.6 The Foundation receives payments for which authorization was granted on an escrow account, which is solely intended to receive, temporarily manage and distribute funds from authorized transactions in connection with the Services, which is taken into account at a Payment Institution licensed under Dutch law based on the Anti-Money Laundering and Anti-Terrorist Financing Act. Amounts received by the Foundation will be transferred to the Merchant no later than the third working day after receipt to its third-party account. XXXXX SEPAY points out that the Merchant can insure themselves against any risk of paying by The Foundation. 3.7 Merchant is obligated to refund the amount of a cross-border Mobile Payment, which has to be paid immediately upon first request by XXXXXSEPAY, or V2Future, if: a. a payment has been made twice to Merchant; and/or b. an evident breach of contract by Merchant.

Payment of Cross-Border Mobile Payments. 3.1 Upon receipt of Cross-Border Mobile Payments by the Acquirer, XXXXX (or its engaged third party) will transfer the credit funds it receives for the Merchant on the first frst business day after afer receipt on its third party account. The data from the 2PAYNOW® app determines which cross-border Mobile Payments are accepted and authorized by the Issuing Bank. XXXXX is authorized to adjust the schedule and/or the frequency of payments to be made. 3.2 The guarantee of XXXXX to payment and the obligation obligaton of XXXXX to continuing contnuing payment resulting resultng from cross-border Mobile Payments does not apply if: a. In the opinion of XXXXX there is more than one payment for the same purchase or if there is a demonstrably improperly processed Cross-Border Mobile Payments due to technical failures; b. In the opinion of XXXXX it is sufficiently sufciently plausible that the Merchant does not or has not complied fully with the obligations obligatons arising from the Agreement; c. In the opinion of XXXXX there is, or could be, fraudulent activity actvity with the 2PAYNOW® app or other irregularitiesirregularites. 3.3 Only XXXXX, as a result of Cross-border payments Mobile Payments, will make payments to the Merchant. The Merchant may not make claims towards the Acquirer for any other payments. Other than at the request or instruction instructon from XXXXX, the Merchant will not commit itself to third parties partes with respect to the transport and processing of cross- border Mobile Payments. 3.4 In accordance with the terms of the Agreement, the amount of the Cross-Border Mobile Payments to be paid to the bank account remain unchanged. Unless otherwise agreed upon, XXXXX will deduct commissions, fees, or any other amount contents directly from the amounts payable to the Merchant. 3.5 XXXXX in fulfilling fulflling its obligationsobligatons, as stipulated stpulated under the Agreement, uses the FoundationFoundaton. 3.6 The Foundation Foundaton receives payments for which authorization authorizaton was granted on an escrow account, which is solely intended to receive, temporarily manage and distribute funds from authorized transactions transactons in connection connecton with the Services, which is taken into account at a Payment Institution Insttuton licensed under Dutch law based on the AntiAnt-Money Laundering and AntiAnt-Terrorist Financing Act. Amounts received by the Foundation Foundaton will be transferred to the Merchant no later than the third working day after afer receipt to its third-party account. XXXXX points out that the Merchant can insure themselves against any risk of paying by The FoundationFoundaton. 3.7 Merchant is obligated to refund the amount of a cross-border Mobile Payment, which has to be paid immediately upon first frst request by XXXXX, or V2Future, if: a. a payment has been made twice to Merchant; and/or and/or b. an evident breach of contract by Merchant.

Payment of Cross-Border Mobile Payments. 3.1 Upon receipt of Cross-Border Mobile Payments by the Acquirer, XXXXX SEPAY will (or its engaged third party) will transfer the credit funds creditfunds it receives for the Merchant on at the first business day after on receipt on its third third- party account. The data from the 2PAYNOW® app determines which cross-border Mobile Payments are accepted and authorized by the Issuing Bank. XXXXX SEPAY is authorized to adjust the schedule and/or reschedule and adaptions of the payments or the frequency of with which payments to be are made. 3.2 The guarantee of XXXXX SEPAY to payment and the obligation of XXXXX SEPAY to continuing continued payment resulting from cross-border Mobile Payments does not apply if: a. In the opinion of XXXXX SEPAY there is more than one payment for the same purchase or if there it is a demonstrably improperly wrong processed Cross-Border Mobile Payments due to technical failures; b. In the opinion of XXXXX SEPAY it is sufficiently plausible that the Merchant does not or has not complied fully with the obligations arising from the Agreement; c. In the opinion of XXXXX SEPAY there is, is or could be, be fraudulent activity with the 2PAYNOW® app or other irregularities. 3.3 Only XXXXX, SEPAY only will perform as a result of Crosscross-border payments Mobile Payments, will make payments Payments to the Merchant. The Merchant may will not make claims claim any payments towards the Acquirer for any other paymentsAcquirer. Other than at the request or instruction from XXXXX, SEPAY the Merchant will not commit itself to towards third parties with in respect to of the transport and processing of cross- cross-border Mobile Payments. 3.4 In accordance with the terms of the Agreement, the amount of the Cross-Border Mobile Payments to be paid to the bank account bankaccount remain unchanged. unchanged Unless otherwise agreed upon, XXXXX SEPAY will deduct commissions, fees, or any other amount contents directly from the amounts payable to the Merchant. 3.5 XXXXX SEPAY in fulfilling its obligations, as stipulated obligations under the Agreement, Agreement uses the Foundation. 3.6 The Foundation receives payments for which authorization was granted on an escrow account, account which is solely intended to receive, temporarily manage and distribute funds from authorized transactions in connection with the Services, which is taken into account at a Payment Institution licensed under Dutch law based "Act on the Anti-Money Laundering and Anti-Terrorist Financing Actfinancial supervision” (Wft). Amounts The Foundation received by the Foundation amounts will be transferred to the Merchant no later than the third working day after receipt to receiving on its third-party accountaccount transfer this to the Merchant. XXXXX SEPAY points out that the Merchant can insure themselves against any risk of paying by The Foundation. 3.7 Merchant is obligated compulsory to refund the amount of a cross-border Mobile Payment, Payment which has to be paid immediately upon first request by XXXXXSEPAY, or V2Future, a third party designated by SEPAY if: a. Merchant has not provided within 16 days following the date of a request by SEPAY (a copy of) the (day) journal to SEPAY; and/or x. XXXXX the amount of a cross-border Mobile Payment has paid into the account of Merchant and any of the situations described in Article 3.2 occurs or the Acquirers, SEPAY is not allowed to pay out the amount of the cross-border Mobile Payment to the Merchant or demand payment has been made twice of an amount equal to Merchant; and/or b. an evident breach of contract by Merchantthat Cross-border Mobile payment.