Payment Processing Fees Sample Clauses
Payment Processing Fees a. Servicer shall not charge a borrower for submitting payments more frequently than required by the note or for submitting payments that exceed the current amount due.
b. Servicer shall not require a borrower to use any payment method (such as payment by phone) or any provider of payment processing services (payment provider) that would cause the borrower to incur a payment processing fee. This provision does not prohibit Servicer from requiring certified funds from borrowers in foreclosure.
c. Servicer shall not unreasonably restrict a borrower from using a particular payment method or payment provider.
d. If Servicer promotes, directs, or refers a borrower to a particular payment method or payment provider and the payment method or payment provider would cause the borrower to incur a payment processing fee, Servicer shall, prior to obtaining the approval of a borrower to use the particular payment method or provider, accurately, clearly, and prominently disclose:
i. That the borrower is not required to use the particular payment method or payment provider;
ii. That Servicer accepts other payment methods which the borrower can use without incurring a fee;
iii. That the borrower has the right to select the borrower’s own payment method and provider; and
iv. The amount of the payment processing fee.
v. That Servicer has a business relationship with the payment provider and that Servicer may receive compensation or other financial benefit as a result of the borrower’s use of the provider’s services.
e. Servicer shall disclose and obtain approval from the borrower in accordance with paragraphs V.B.3.d-e, each time Servicer sets up or modifies a payment agreement. Servicer shall document in its records borrowers’ approval each time Servicer sets up or modifies a payment agreement.
f. All requests to cancel an existing authorization for the use of a particular payment method or payment provider shall be honored upon the borrower’s first written or oral request.
g. Servicer shall not use unfair or deceptive acts or practices to steer borrowers to a particular payment method or payment provider.
Payment Processing Fees. If a contributor’s payment instructions require the distributing contributor to pay a fee, the contributor making the payment may reduce the amount of the payment by the amount of the fee, so the distributing contributor does not have to pay any processing fees out of pocket.
Payment Processing Fees. If Tenant makes use of any electronic payment service to pay Rent or Added Rent, Tenant shall be responsible for all transaction, processing, reversal, charge-back and other fees imposed by such service provider or charged by Landlord.
Payment Processing Fees. Owner Manager
Payment Processing Fees. (a) In consideration for the Services, each Recipient Party receiving Services shall pay to Provider, on a Calendar Quarter basis, a payment processing fee determined as set forth in Schedule 7.1 (the “Payment Processing Fee”).
(b) With respect to all Off-Recipient Services provided by Provider during the Term, (i) Provider may negotiate the fees charged by Provider to merchants receiving Off-Recipient Services in Provider’s discretion, (ii) no Recipient Party shall be required to pay any Payment Processing Fee in connection with any Off-Recipient Services, and (iii) the Total Payment Volume processed by Provider and its Subsidiaries in connection with Off-Recipient Services shall be excluded from the Base TPV for each Recipient Party.
(c) The Payment Processing Fee shall be subject to revision pursuant to the process set forth in Section 5 of Schedule 7.1.
Payment Processing Fees. The cumulative fee for all Escrow Agent and payment processing services shall be passed through to the Issuer from those fees charged by any bank utilized by the ODB Site, BitPay Inc., Stripe Inc., and any other payment processor mutually agreed to by ODB and the Issuer. They are approximately two percent (2.0%) of the Offering’s proceeds.
Payment Processing Fees. In consideration for the provision of the development, hosting, application, customer service, and processing fees related to the E- Payment System, End-Users will pay applicable fees (“Convenience Fees”).
Payment Processing Fees i. Secure Bank-to-Bank Payments (USD) - 2.00%
ii. Credit Card Processing - 4.50% iii. Express Wires - 1.00%
Payment Processing Fees. The client is responsible for paying all commissions, charges, taxes, and fees in relation to payment processing services offered by the bank, acquiring services, financial and agency services, including those provided by AIX CSD, for replenishing, transferring, and withdrawing funds to or from the Cash Account, dividend distributions, and the transfer of dividends. AIX CSD may deduct such amounts from the client's bank account or card without prior notice. By agreeing to these terms, the Client consents to these deductions.