Common use of Payments; Fees Clause in Contracts

Payments; Fees. 6.1 Fees and charges payable by Merchant for the Services shall be as set forth in this Merchant Agreement, the Merchant Application and/or the Fee Schedule Addendum. Merchant is also liable for and agrees to pay any fines imposed on either Clearent or Bank by a Card Brand or Debit Card network resulting from Chargebacks or with respect to Merchant’s acts or omissions. Any amounts due and owing by Merchant under this Merchant Agreement that are not paid when due will incur a late fee equal to the lesser of (i) one and one half percent (11/2 %) per month of the unpaid amount, or (ii) the highest rate allowable by law, in each case compounded monthly. 6.2 Fees and charges owed by Merchant to Bank and Clearent may be deducted by Bank from amounts due Merchant, or from the Settlement Account or from the Reserve Account. Merchant will pay the amounts due by the next business day if sufficient funds are not available in the Settlement Account. The following is a partial list of reasons for debits to the Settlement Account: (a) Fees and Chargebacks not previously charged; (b) All refunds processed on account of Cardholders; (c) All taxes, penalties, charges and other items incurred by Bank or Clearent that are reimbursable pursuant to this Merchant Agreement; (d) Processing Fees and the other fees or charges identified in this Merchant Agreement or on the Merchant Application; (e) Any Card Brand fees, fines, penalties, or other charges assessed as the result of the Transactions; and (f) Deposits posted in error. 6.3 Merchant acknowledges that all payments and credits provided to Merchant are provisional only and subject to suspension, revocation, to Chargebacks and to adjustments in accordance with this Merchant Agreement, the Card Brand Rules and the Card Acceptance Guide. Bank will provide provisional credit to Merchant for each valid Transaction which Merchant submits to Bank and Clearent by crediting Merchant’s Settlement Account, provided Bank has received settlement for the valid Transaction by the Card Brand applicable to the Card used for the Transaction. Bank is not obligated to provide provisional credit to Merchant for Transactions submitted that are not valid Transactions, and may suspend or discontinue any provisional credit in Bank’s and/or Clearent’s sole and absolute discretion, including for any reason that would justify termination of this Merchant Agreement. Provisional credit to Merchant for a Transaction disputed by a Cardholder for any reason is not final.

Payments; Fees. 6.1 Fees and charges payable by Merchant for the Services shall be as set forth in this Merchant Agreement, the Merchant Application and/or the Fee Schedule Addendumaddendum. Merchant Xxxxxxxx is also liable for and agrees to pay any fines imposed on either Clearent or Bank by a any Card Brand or Debit debit Card network resulting from Chargebacks or with respect to MerchantXxxxxxxx’s acts or omissions. Any amounts due and owing by Merchant under this Merchant Agreement that are not paid when due will incur a late fee equal to the lesser of (i) one and one half percent (11/2 1 1/2 %) per month of the unpaid amount, or (ii) the highest rate allowable by law, in each case compounded monthly. 6.2 Fees and charges owed by Merchant to Bank and Clearent may be deducted by Bank Bank, through instruction from Clearent, from amounts due Merchant, or from the Settlement Account or from the Reserve Account. Merchant will pay the amounts due by the next business day if sufficient funds are not available in the Settlement Account. The following is a partial list of reasons for debits to the Settlement Account: (a) Fees and Chargebacks not previously charged; (b) All refunds processed on account of Cardholders; (c) All taxes, penalties, charges and other items incurred by Bank or Clearent that are reimbursable pursuant to this Merchant Agreement; (d) Processing Fees and the other fees or charges identified in this Merchant Agreement or on the Merchant ApplicationApplication or under the terms of any other agreement Merchant has with Bank or Clearent or any company in the same group of companies as Clearent; (e) Any Card Brand fees, fines, penalties, or other charges assessed as the result of the Transactions; and (f) Deposits posted in error. 6.3 Merchant acknowledges that all payments and credits provided to Merchant are provisional only and subject to suspension, to revocation, to Chargebacks and to adjustments in accordance with this Merchant Agreement, the Card Brand Rules and the Card Acceptance Guide. Bank Bank, through instruction from Clearent, will provide provisional credit to Merchant for each valid Transaction which Merchant submits to Bank and Clearent by crediting Merchant’s Settlement Account, provided Bank has received settlement for the valid Transaction by the Card Brand applicable to the Card used for the Transaction. Bank is not obligated to provide provisional credit to Merchant for Transactions submitted that are not valid Transactions, and may suspend or discontinue any provisional credit in Bank’s and/or Clearent’s sole and absolute discretion, including for any reason that would justify termination of this Merchant Agreement. Provisional credit to Merchant for a Transaction disputed by a Cardholder for any reason is not final.

Payments; Fees. 6.1 Fees and charges payable by Merchant for the Services shall be as set forth in this Merchant Agreement, the Merchant Application and/or the Fee Schedule Addendum. Merchant is also liable for and agrees to pay any fines imposed on either Clearent or Bank by a any Card Brand or Debit Card network resulting from Chargebacks or with respect to Merchant’s acts or omissions. Any amounts due and owing by Merchant under this Merchant Agreement that are not paid when due will incur a late fee equal to the lesser of (i) one and one half percent (11/2 %) per month of the unpaid amount, or (ii) the highest rate allowable by law, in each case compounded monthly. 6.2 Fees and charges owed by Merchant to Bank and Clearent may be deducted by Bank from amounts due Merchant, or from the Settlement Account or from the Reserve Account. Merchant will pay the amounts due by the next business day if sufficient funds are not available in the Settlement Account. The following is a partial list of reasons for debits to the Settlement Account: (a) Fees and Chargebacks not previously charged; (b) All refunds processed on account of Cardholders; (c) All taxes, penalties, charges and other items incurred by Bank or Clearent that are reimbursable pursuant to this Merchant Agreement; (d) Processing Fees and the other fees or charges identified in this Merchant Agreement or on the Merchant Application; (e) Any Card Brand fees, fines, penalties, or other charges assessed as the result of the Transactions; and (f) Deposits posted in error. 6.3 Merchant acknowledges that all payments and credits provided to Merchant are provisional only and subject to suspension, revocation, to Chargebacks and to adjustments in accordance with this Merchant Agreement, the Card Brand Rules and the Card Acceptance Guide. Bank will provide provisional credit to Merchant for each valid Transaction which Merchant submits to Bank and Clearent by crediting Merchant’s Settlement Account, provided Bank has received settlement for the valid Transaction by the Card Brand applicable to the Card used for the Transaction. Bank is not obligated to provide provisional credit to Merchant for Transactions submitted that are not valid Transactions, and may suspend or discontinue any provisional credit in Bank’s and/or Clearent’s sole and absolute discretion, including for any reason that would justify termination of this Merchant Agreement. Provisional credit to Merchant for a Transaction disputed by a Cardholder for any reason is not final.

Payments; Fees. 6.1 Fees and charges payable by Merchant for the Services shall be as set forth in this Merchant Agreement, the Merchant Application and/or the Fee Schedule Addendumaddendum. Merchant Xxxxxxxx is also liable for and agrees to pay any fines imposed on either Clearent or Bank by a any Card Brand or Debit debit Card network resulting from Chargebacks or with respect to MerchantXxxxxxxx’s acts or omissions. Any amounts due and owing by Merchant under this Merchant Agreement that are not paid when due will incur a late fee equal to the lesser of (i) one and one half percent (11/2 1 1/2 %) per month of the unpaid amount, or (ii) the highest rate allowable by law, in each case compounded monthly. 6.2 Fees and charges owed by Merchant to Bank and Clearent may be deducted by Bank Bank, through instruction from Clearent, from amounts due Merchant, or from the Settlement Account or from the Reserve Account. Merchant will pay the amounts due by the next business day if sufficient funds are not available in the Settlement Account. The following is a partial list of reasons for debits to the Settlement Account: (a) Fees and Chargebacks not previously charged; (b) All refunds processed on account of Cardholders; (c) All taxes, penalties, charges and other items incurred by Bank or Clearent that are reimbursable pursuant to this Merchant Agreement; (d) Processing Fees and the other fees or charges identified in this Merchant Agreement or on the Merchant Application; (e) Any Card Brand fees, fines, penalties, or other charges assessed as the result of the Transactions; and (f) Deposits posted in error. 6.3 Merchant acknowledges that all payments and credits provided to Merchant are provisional only and subject to suspension, to revocation, to Chargebacks and to adjustments in accordance with this Merchant Agreement, the Card Brand Rules and the Card Acceptance Guide. Bank Bank, through instruction from Clearent, will provide provisional credit to Merchant for each valid Transaction which Merchant submits to Bank and Clearent by crediting Merchant’s Settlement Account, provided Bank has received settlement for the valid Transaction by the Card Brand applicable to the Card used for the Transaction. Bank is not obligated to provide provisional credit to Merchant for Transactions submitted that are not valid Transactions, and may suspend or discontinue any provisional credit in Bank’s and/or Clearent’s sole and absolute discretion, including for any reason that would justify termination of this Merchant Agreement. Provisional credit to Merchant for a Transaction disputed by a Cardholder for any reason is not final.

Payments; Fees. 6.1 Fees and charges payable by Merchant for the Services shall be as set forth in this Merchant Agreement, the Merchant Application and/or the Fee Schedule Addendum. Merchant is also liable for and agrees to pay any fines imposed on either Moolah/Clearent or Bank by a any Card Brand or Debit Card network resulting from Chargebacks or with respect to Merchant’s acts or omissions. Any amounts due and owing by Merchant under this Merchant Agreement that are not paid when due will incur a late fee equal to the lesser of (i) one and one half percent (11/2 %) per month of the unpaid amount, or (ii) the highest rate allowable by law, in each case compounded monthly. 6.2 Fees and charges owed by Merchant to Bank and Moolah/Clearent may be deducted by Bank from amounts due Merchant, or from the Settlement Account or from the Reserve Account. Merchant will pay the amounts due by the next business day if sufficient funds are not available in the Settlement Account. The following is a partial list of reasons for debits to the Settlement Account: (a) Fees and Chargebacks not previously charged; ; (b) All refunds processed on account of Cardholders; ; (c) All taxes, penalties, charges and other items incurred by Bank or Moolah/Clearent that are reimbursable pursuant to this Merchant Agreement; ; (d) Processing Fees and the other fees or charges identified in this Merchant Agreement or on the Merchant Application;and (e) Any Card Brand fees, fines, penalties, or other charges assessed as the result of the Transactions; and and (f) Deposits posted in error. 6.3 Merchant acknowledges that all payments and credits provided to Merchant are provisional only and subject to suspension, revocation, to Chargebacks and to adjustments in accordance with this Merchant Agreement, the Card Brand Rules and the Card Acceptance Guide. Bank will provide provisional credit to Merchant for each valid Transaction which Merchant submits to Bank and Moolah/Clearent by crediting Merchant’s Settlement Account, provided Bank has received settlement for the valid Transaction by the Card Brand applicable to the Card used for the Transaction. Bank is not obligated to provide provisional credit to Merchant for Transactions submitted that are not valid Transactions, and may suspend or discontinue any provisional credit in Bank’s and/or Moolah/Clearent’s sole and absolute discretion, including for any reason that would justify termination of this Merchant Agreement. Provisional credit to Merchant for a Transaction disputed by a Cardholder for any reason is not final.