Payment Service. 10.1 Where the Product incorporates or otherwise utilises a Payment Service, this clause applies.
10.2 The Licensee agrees to comply with the Merchant Terms of Service published by the Payment Service.
10.3 The Licensee agrees that the fees from each transaction processed through use of the Product may be paid to the Licensor directly by the Payment Service.
10.4 The Licensee acknowledges and agrees that the Licensor may be paid a commission from the Payment Service.
10.5 The Licensee acknowledges that the Payment Service, as a third party, may from time to time renew and revise its terms and conditions of service. The Licensee must continually inform itself of the Merchant Terms of Service and its acceptance of those terms.
Payment Service. Strex’ payment service that the Merchant may use to accept payment for its goods and services from Customers who have a dedicated e-money account that is used for making payments, pursuant to a separate subscription agreement with Strex. The Customer can deposit funds into the e-money account using the methods offered at any given time by Strex. The Payment Service is described in further detail in the document “Product Description”, which is available on Strex’ website under the URL xxxxx.xx/xxxxxxxx_xxxxxxxxx-xxxx-xxxxxxx . At the time of the execution of the Agreement, the Payment Service comprises the Strex SMS Payment product and the Strex Direct Payment product.
Payment Service. The Payment Service enables you to initiate payments from your eligible bank transaction deposit account(s) to a person or entity that maintains a transaction deposit account at another U.S. financial institution and receive funds from a person or entity that maintains a transaction deposit account at another U.S. financial institution into your transaction deposit account. Prior to completing any transfer, however, the Third Party will be required to take additional steps to facilitate and/or confirm the transfer of funds to or from your transaction deposit account, and the transfer will not be completed until we are satisfied that such additional steps have been taken.
Payment Service. 4.1. If the Merchant has chosen to receive the Payment service, as part of the Payment service, Mobilly buys and the Merchant sells the services or goods provided by the Merchant with the aim of Mobilly reselling them on its own behalf via Website and App, but in the Merchant's interest, to Customers - economic operators using the Mobilly Accounting System. Mobilly does not act as a Merchant service provider to the Customer, but as a payment service provider.
4.2. Mobilly provides information to customers – legal entities, about the amount of services used or purchased goods, by preparing a transaction report. Mobilly settles with the Merchant services rendered or goods sold to Customers – legal entities, and is entitled to independently choose the type and form in which the Customer-legal entity, settles with Mobilly for these services.
4.3. The commission for the Payment service is determined in the Price List.
4.4. The Payment service is provided in accordance with the provisions of Appendix No. 2 - Payment service regulations.
Payment Service. 17.1 Risk control: any Client who wishes to use the Services will be analysed by the "risk control" department. Depending on the risk profile, a guarantee may be required if, for example, the Client was recently established, the Client has a high credit risk, etc. A review will be carried out on an annual basis to examine possible new elements. Depending on the circumstances, a guarantee may be required, increased, decreased or cancelled.
17.2 Refund: in the event of a refund requested by the Debtor for a debit made by Digiteal, Digiteal will automatically withdraw the amount - received by the Client - from the Client in question. Digiteal will use a B2C mandate for this purpose for each of the Client's bank accounts. The Client will have established a B2C mandate in respect of Digiteal prior to the start of the Contract. Revocation of the mandate can only be effective at the end of the Contract.
17.3 The Client hereby confirms that it will obtain the required authorisations from the End Customers so that:
1. Digiteal can be granted access to all Transaction Information as necessary for Digiteal to assess the eligibility of End Customers for the use of the “Pay with payment terms” payment Service and its further management. The Client confirms that it will provide such Transaction Information to Digiteal upon request.
2. Digiteal and the Client are authorised to transfer and provide Transaction Information necessary for the management of the Credit to any third party that has a formal interest in the acquisition of all or part of the claims of Digiteal and/or any right or obligation of Digiteal under any agreement between Digiteal and a User.
Payment Service. 25 We may, at our discretion or if required by law, impose limits on the amount of payments you can make through our Services or the amount that you can hold in the App, or top-up. If you have a Verified Account or if you meet certain requirements that we may impose from time to time or as required by law, we may in our sole discretion increase your limits.
Payment Service. 4.1. If the Merchant has chosen to receive the Payment service, as part of the Payment service, Mobilly buys and the Merchant sells the services or goods provided by the Merchant with the aim of Mobilly reselling them on its own behalf, but in the Merchant's interest, to customers - economic operators using the Mobilly Accounting System.
4.2. Mobilly provides information to customers – legal entities, about the amount of services used or purchased goods, by preparing a transaction report. Mobilly settles with the Merchant services rendered or goods sold to customers – legal entities, and is entitled to independently choose the type and form in which the customer-legal entity, settles with Mobilly for these services.
4.3. The commission for the Payment service is determined in the Price List.
4.4. The Payment service is provided in accordance with the provisions of Appendix No. 2 - Payment service regulations.
Payment Service. 4.8.1. With effect from the Effective Date and for the duration of the Agreement, The Client shall:
4.8.1.1. Bank Cash in the Trust Account equivalent to the aggregate amount of E-Money the Client wishes to remit to Service Providers for the benefit of the Recipients at any one time;
4.8.1.2. Permit Safaricom to make remittances in accordance with the Client’s instructions to Recipients and Service Providers in accordance with these Terms and Conditions. For Recipients to receive funds through SurePay they have to be activated on SurePay, which funds can only be utilised through Service Providers;
4.8.1.3. Take all reasonable steps to ensure that Service Providers receive the gross amount of their payments without set off, counterclaim or deduction of charges;
4.8.1.4. Notify the Recipients that payments sent through SurePay may be subject to a charge upon utilization in accordance with M-PESA Customer terms and conditions.
4.8.2. With effect from the Effective Date and for the duration of the Initial Period, Safaricom shall:
4.8.2.1. Create the Client on the M-PESA System as a “SurePay Organization”;
4.8.2.2. Activate the Client’s M-PESA Account through which the Client can make payments to Recipients;
4.8.2.3. Train the Client staff to enable them effectively perform remittance transactions on the M-PESA System;
4.8.2.4. Facilitate the Issuance of E-Money to the Client upon confirmation by Custodial Trustee of the value of Cash banked in the Trust Account comprising the aggregate Transaction value, as the case may be;
4.8.2.5. Use its best endeavours to ensure that the Transactions take place in accordance with these Terms and Conditions;
Payment Service. 6.1 These terms apply only if the Customer adopts a payment service. Depending on the license, the Customer has the possibility to adopt a payment service provided by the Supplier's partner. With the payment services, The Customer is able to sell products on their own account to the end customer, i.e. the participants of an event. In no circumstance is the Supplier a party in the transactions related to the Products.
6.2 The Customer is responsible for defining the maximum number of participants or buyers for each event or Product (“Capacity”). The Supplier ensures that the Capacity reported by the Customer is not exceeded. If goods are sold through the Service, the Customer is fully responsible for the delivery of the goods and for organising the appropriate return and cancellation rights if such rights must be provided to the Participant under legislation.
Payment Service. 9.1 Where the Product incorporates or otherwise utilises a Payment Service, this clause applies.
9.2 You agree to comply with the Merchant Terms of Service published by the Payment Service.
9.3 You agree that the fees from each transaction processed through use of the Product may be paid directly to us by the Payment Service. Where this occurs, we will remit those fees immediately to you on receipt of cleared funds in our bank account.
9.4 You acknowledge and agree that we may be paid a commission from the Payment Service.
9.5 You acknowledge that the Payment Service, as a third party, may from time to time renew and revise its terms and conditions of service. You must continually inform yourself of the Merchant Terms of Service and your acceptance of those terms.
