Common use of Payment Restrictions Clause in Contracts

Payment Restrictions. You may not use the Service to transmit child support, alimony or other court-directed payments, nor to pay taxes or make other payments to government agencies. At this time, you may not make payments to foreign vendors or persons. CTC reserves the right to limit the total amount of bill payments initiated each day. You should schedule your payment dates at least seven to ten (7-10) business days in advance of the date your payment is actually due, not including any grace period. The date the merchant credits the payment depends upon the merchant’s payment processing procedures, and CTC will not be responsible for any delay in crediting the payment which is the result of the merchant’s payment processing procedures. Subject to the terms and conditions of this disclosure, you authorize us and any third-party acting on our behalf to choose the most effective method to process your payment, including without limitation, electronic, paper or some other means. Payments may be in the form of a paper draft. Use of your password is considered as signature authorization under the terms of this agreement.

Appears in 7 contracts

Samples: Account Agreements and Disclosures, Account Agreements and Disclosures, Account Agreements and Disclosures

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