PRESENTATION FOR PAYMENT. 6.1 You shall not process a transaction that did not result from a transaction between You and the Cardholder and all such transactions shall take place only in the Republic of South Africa. 6.2 iKhokha will credit or debit Your nominated bank account with the total nett amount of valid Electronic Transactions presented for payment, on condition that Delayed Settlement and/or no settlement (as determined by iKhokha) will apply when there are outstanding compliance documents. 6.3 Any crediting of Your nominated bank account does not waive or remove iKhokha's right to cancel payment of Electronic Transactions by debiting Your nominated bank account with the amount of the relevant invalid Electronic Transaction.
Appears in 5 contracts
Samples: Payment Acceptance Agreement, Payment Acceptance Agreement, Payment Acceptance Agreement
