Scope of These Tide Card Terms Sample Clauses

Scope of These Tide Card Terms. 2.1 Your physical Tide Card is an E-money prepaid card and not a credit, charge or debit card. It has been issued by us pursuant to our licence from Mastercard and it is linked to your Tide Business Account. The prepaid value used to transact using your physical Tide Card is E-money issued by us and distributed and administered by Tide. The physical Tide Card remains our property. 2.2 In addition to your physical Tide Card, you can request one additional E-money digital debit Tide Card (the “Online Debit Card”), which will also be issued by Tide pursuant to our licence from Mastercard and can be used for online subscriptions and online payments. The Online Debit Card has unique card details, including a new 16-digit card number, which is different to your physical Tide Card. Your Online Debit Card exists only in your Tide mobile app and you won't get a physical card for any of the Online Debit Cards you create. Please note that you can’t add your Online Debit Card to Google or Apple Pay or to other digital wallets. Your Online Debit Card is not a credit, charge, or prepaid card. It is linked to your Tide Business Account, just like you physical Tide Card. 2.3 You Tide Card (including to your Online Debit Card) is an E-money card which means that you must purchase E- Money from us in relation to your Tide Card Transactions. You agree to fund our issuance of E-money to your Tide Card using your Tide Business Account and you agree to transfer such funds to us from your Tide Business Account as are necessary for you to purchase E-Money from us so that we can settle with Mastercard for Tide Card Transactions that you make with your Tide Card. To this end, Tide has arranged for PrePay Technologies Limited, a company registered in England and Wales with number 04008083, to process Tide Card Transactions on its behalf. Furthermore, under the Bank Account Terms, you will have granted ongoing authorisation to ClearBank to transfer immediately upon notification from us a corresponding amount from your Tide Business Account to your Tide Card for the value of each Tide Card Transaction; ClearBank will make this transfer immediately and, on a transaction-by-transaction basis. You will not be able to cancel such a transfer once you have authorised a Tide Card Transaction. 2.4 The Tide Card (including your Online Debit Card) can only be used to make Tide Card Transactions and as the Mastercard licenced card issuer we will facilitate refunds in relation to your Tide Card(s...
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Scope of These Tide Card Terms 
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