Common use of Payment Plan Clause in Contracts

Payment Plan. During your participation in the American Express OnePoint Program, the terms of your payment plan (e.g., speed of payment, payment and reconciliation options) with our agent govern settlement payments to you. Our agent will send payments for Charges from your Establishments according to your payment plan to your Bank Account that you designate to it. You must notify your bank that we, through our agent, will have access to your account for debiting and crediting the Bank Account.

Appears in 6 contracts

Samples: American Express Card Acceptance Agreement, Merchant Processing Agreement, Merchant Processing Agreement

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