Processing of Card Transactions. Payment order Card Transactions will be received by Stripe at the time Stripe receives the Card Transaction settlement instruction from the relevant Card Network. Stripe will deduct the amount of a Card Transaction from the balance of the Stripe Issuing Account as soon as the Card Transaction is made. When a Card is used to initiate a Card Transaction where the final amount of the Card Transaction is unknown at the time of authorisation, a hold may be placed on available funds in the Stripe Issuing Account for an amount authorised by (or on behalf of) you that is equal to or in excess of the final amount of the Card Transaction. The funds subject to the hold will not be available to you for any other purpose until the merchant or the Card Network releases the hold, or until Stripe receives the final amount of the Card Transaction, or receives the final payment order.
Appears in 29 contracts
Samples: Stripe Services Agreement, Stripe Services Agreement, Stripe Services Agreement
