Common use of Receiving Funds Clause in Contracts

Receiving Funds. 14.1.1. Through the EmbassyCard App any Merchant may choose what proportion of the Redeem Balance for Settlement and to deposit to their bank account as a Withdrawal from EmbassyCard (“Cash Withdrawal”). Funds in your Redeem Balance may also be loaded to your EmbassyCard Card as a Merchant – See 14.2 below. 14.1.2. Where you opt to receive funds on your Card, the funds are processed from the Redeem Balance and transfer to your EmbassyCard as stored value and, immediately available to you for spending as digital cash or Card-2-Bank transaction, or Card-2- Card digital cash transfer to friends and family.

Receiving Funds. 14.1.1. Through the EmbassyCard App any Merchant may choose what proportion of the Redeem Balance for Settlement and to deposit to their bank account as a Withdrawal from EmbassyCard (“Cash Withdrawal”). Funds in your Redeem Balance may also be loaded to your EmbassyCard Card as a Merchant – See 14.2 below. 14.1.2. Where you opt to receive funds on your Card, the funds are processed from the Redeem Balance and transfer to your EmbassyCard as stored value and, immediately available to you for spending as digital cash or Card-2-Bank transaction, or Card-2- Card digital cash transfer transfer, or Wallet-2-Card transfers to friends and family.

Receiving Funds. 14.1.1. Through the EmbassyCard App any Merchant may choose what proportion of the Redeem Balance for Settlement and to deposit to their bank account as a Withdrawal from EmbassyCard (“Cash Withdrawal”). Funds in your Redeem Balance may also be loaded to your EmbassyCard Card as a Merchant – See 14.2 below. 14.1.2. Where you opt to receive funds on your Card, the funds are processed from the Redeem Balance and transfer to your EmbassyCard as stored value and, immediately available to you for spending as digital cash or Card-2-Bank transaction, or Card-2- Card-2-Card digital cash transfer to friends and family.