Common use of Recipient Setup Clause in Contracts

Recipient Setup. To use the Services, a Payor may enter payment information for Recipients. The Payor must provide correct and current payment information for each Recipient as follows: • For both check and electronic payments, the Payor must provide the Recipient name and remittance address. • In addition, for electronic payments, the Payor must: o Invite the Recipient to set up an Account by sending the Recipient an e-mail invitation through the Services; o Input the Recipient’s bank routing number and bankaccount number through the Services; o Input the Recipient’s telephone number and email address; or o Confirm existing Recipient details (if they have previously used the Services and Melio has retained such Recipient details). Please note that the ability to effect electronic payment to new Recipients will depend on the Recipient’s willingness to provide us and Evolve with its banking details. If the Recipient does not provide this information, neither Evolve nor Xxxxx will be able to complete your transaction electronically and we or our business partners will send such Recipient a paper check. You are responsible for verifying the accuracy of the foregoing Recipient information prior to scheduling payments, and neither Melio nor Evolve will have liability for losses or damages due to your or your Recipient’s actions or inactions. If you invite a Recipient to set up an Account, it will take several business days to complete the verification process required to activate the Account for electronic payments. If you input a Recipient’s bank routing number and bank account number on behalf of a Recipient, you represent and warrant that you have obtained from the Recipient the authorizations set forth in Section 4.6 above. Alternatively, a Payor may invite a Recipient to set up their own Account and provide their appropriate payment information.

Recipient Setup. To use the Services, a Payor may enter payment information for Recipients. The Payor must provide correct and current payment information for each Recipient as follows: • For both check and electronic payments, the Payor must provide the Recipient name and remittance address. • In addition, for electronic payments, the Payor must: o Invite the Recipient to set up an Account by sending the Recipient an e-mail invitation through the Services; o Input the Recipient’s bank routing number and bankaccount bank account number through the Services; o Input the Recipient’s telephone number and email address; or o Confirm existing Recipient details (if they have previously used the Services and Melio has retained such Recipient details). Please note that the ability to effect electronic payment to new Recipients will depend on the Recipient’s willingness to provide us and Evolve with its banking details. If the Recipient does not provide this information, neither Evolve nor Xxxxx will be able to complete your transaction electronically and we or our business partners will send such Recipient a paper check. You are responsible for verifying the accuracy of the foregoing Recipient information prior to scheduling payments, and neither Melio nor Evolve will have liability for losses or damages due to your or your Recipient’s actions or inactions. If you invite a Recipient to set up an Account, it will take several business days to complete the verification process required to activate the Account for electronic payments. If you input a Recipient’s bank routing number and bank account number on behalf of a Recipient, you represent and warrant that you have obtained from the Recipient the authorizations set forth in Section 4.6 above. Alternatively, a Payor may invite a Recipient to set up their own Account and provide their appropriate payment information.

Recipient Setup. To use the Services, a Payor may enter payment information for Recipients. The Payor must provide correct and current payment information for each Recipient as follows: • For both check and electronic payments, the Payor must provide the providethe Recipient name and remittance address. • In addition, for electronic payments, the Payor must: o Invite the Recipient to set up an Account by sending the Recipient an e-mail invitation through the Services; o Input the Recipient’s bank routing number and bankaccount bank account number through the Services; o Input the Recipient’s telephone number and email address; or o Confirm existing Recipient details (if they have previously used the Services and Melio has retained such Recipient details). Please note that the our ability to effect electronic payment to new Recipients will depend on the Recipient’s willingness to provide us and Evolve with its banking details. If the Recipient does not provide this information, neither Evolve nor Xxxxx we will be able unable to complete your transaction electronically and we or our business partners will send such Recipient a paper check. You are responsible for verifying the accuracy of the foregoing Recipient information prior to scheduling payments, and neither Melio nor Evolve Xxxxx will have no liability for losses or damages due to your or your Recipient’s actions or inactions. If you invite a Recipient to set up an Account, it will take several business days to complete the verification process required to activate the Account for electronic payments. If you input a Recipient’s bank routing number and bank account number on behalf of a Recipient, you represent and warrant that you have obtained from the Recipient the authorizations set forth in Section 4.6 above. Alternatively, a Payor may invite a Recipient to set up their own Account and provide their appropriate payment information.

Recipient Setup. To use the Services, a Payor may enter payment information for Recipients. The Payor must provide correct and current payment information for each Recipient as follows: • For both check and electronic payments, the Payor must provide the Recipient name and remittance address. • In addition, for electronic payments, the Payor must: o ● Invite the Recipient to set up an Account by sending the Recipient an e-mail email invitation through the Services; o ● Input the Recipient’s bank routing number and bankaccount bank account number through the Services; o ● Input the Recipient’s telephone number and email address; or o ● Confirm existing Recipient details (if they have previously used the Services and Melio Koverly has retained such Recipient details). Please note that the ability to effect electronic payment to new Recipients will depend on the Recipient’s willingness to provide us and Evolve the Banks with its banking details. If the Recipient does not provide this information, neither Evolve the Banks nor Xxxxx Xxxxxxx will be able to complete your transaction electronically and we or our business partners will send such Recipient a paper check. You are responsible for verifying the accuracy of the foregoing Recipient information prior to scheduling payments, and neither Melio Koverly nor Evolve the Banks will have liability for losses or damages due to your or your Recipient’s actions or inactions. If you invite a Recipient to set up an Account, it will take several business days to complete the verification process required to activate the Account for electronic payments. If you input a Recipient’s bank routing number and bank account number on behalf of a Recipient, you represent and warrant that you have obtained from the Recipient the authorizations set forth in Section 4.6 above. Alternatively, a Payor may invite a Recipient to set up their own Account and provide their appropriate payment information.