Common use of Permissible Payment Transactions Clause in Contracts

Permissible Payment Transactions. Licensee may only use the Services to process a Payment Transaction for products and services that are purchased from a business through a legitimate, bona fide sale of the products and services. The Services may not be used to process a Payment Transaction, or otherwise transfer money between Licensee and a business, that is unrelated to a purchase of a product or service. The Services may not be used to receive cash advances from anyone or to facilitate the purchase of cash equivalents (prepaid cards, money orders, gift certificates, etc.). Licensee may not use the Services to process Payment Transactions in connection with the sale or exchange of any illegal products or services or any other underlying illegal transaction. Licensee agrees that it will not use the Services to process Payment Transactions for any products or services that violate this Agreement, the Rules, or applicable law. Failure to comply with these limitations may result in suspension or termination of the Services.

Appears in 11 contracts

Samples: Payzer Software Licensing and Terms of Use Agreement, Payzer Software Licensing and Terms of Use Agreement, Payzerware Software Licensing and Terms of Use Agreement

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Permissible Payment Transactions. Licensee You may only use the Services to process a Payment Transaction for products and services that are purchased from a business through a legitimate, bona fide sale of the products and services. The Services may not be used to process a Payment Transaction, or otherwise transfer money between Licensee you and a business, that is unrelated to a purchase of a product or service. The Services may not be used to receive cash advances from anyone or to facilitate the purchase of cash equivalents (prepaid cards, money orders, gift certificates, etc.). Licensee You may not use the Services to process Payment Transactions in connection with the sale or exchange of any illegal products or services or any other underlying illegal transaction. Licensee agrees You agree that it you will not use the Services to process Payment Transactions for any products or services that violate this Agreement, the Rules, or applicable law. Failure to comply with these limitations may result in suspension or termination of your use of the Services.

Appears in 2 contracts

Samples: Terms of Service for Business Users, Terms of Service for Business Users

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Permissible Payment Transactions. Licensee You may only use the Services Service to process a Payment Transaction for products and services a Product that are is purchased from a business Seller through a legitimate, bona fide sale of the products and servicesProduct. The Services Service may not be used to process a Payment Transaction, or otherwise transfer money between Licensee a Buyer and a businessSeller, that is unrelated to a purchase of a product or serviceProduct. The Services Service may not be used to receive cash advances from anyone Sellers or to facilitate the purchase of cash equivalents (travelers checks, prepaid cards, money orders, gift certificates, etc.). Licensee You may not use the Services Service to process Payment Transactions in connection with the sale or exchange of any illegal products goods or services or any other underlying illegal transaction. Licensee agrees You agree that it you will not use the Services Service to process Payment Transactions for any products or services Products that violate this AgreementTerms of Service, other policies or rules applicable to the RulesService, or applicable law. Failure to comply with these limitations may result in suspension or termination of your use of the ServicesService.

Appears in 1 contract

Samples: Kingspay Payments Terms

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