Returned Transactions. If we are unable to complete the transaction for any reason associated with your Payment Account (for example, there are insufficient funds in your Payment Account to cover the transaction), the transaction will not be completed. In some instances, you will receive a return notice from us. In such case, you agree that: A. You will reimburse us immediately upon demand for the transaction amount that has been returned to the Service; B. For any amount not reimbursed to us within fifteen (15) days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; C. You will reimburse us for any fees imposed by your Payee as a result of the return; D. You will reimburse us for any fees we incur in attempting to collect the amount of the return from you; and, E. We are authorized to report the facts concerning the return to any credit reporting agency.
Appears in 4 contracts
Samples: Electronic Records Disclosure & Agreement, Electronic Records Disclosure & Agreement, Electronic Records Disclosure & Agreement
