Settlement and Payout Schedule Sample Clauses
Settlement and Payout Schedule a. Your Payout Account: Stripe will, with its banking partners, arrange to settle funds to the bank or other financial institution account that you designate (your “Payout Account”). You affirm that you are authorized to initiate settlements to and debits from the Payout Account, and that the Payout Account is owned by you, titled in your
Settlement and Payout Schedule. (a) Swifter will not hold, possess or control any of your funds or your Customer’s funds at any time, but will instead upload ACH files that enable Customer payments to directly settle into your Transaction Account and will retain the right to debit your Transaction Account subject to the terms set forth in this Agreement. You acknowledge that the Nacha Operating Rules will apply to any ACH Entry or activity and you agree to be bound by these rules. You acknowledge that the Sponsor Bank may delay settlement to your Transaction Account for any reason. We are not responsible for any action taken by the Sponsor Bank to not credit your Transaction Account or to otherwise not make funds available to you as you expected.
Settlement and Payout Schedule a. Your Payout Account: Fyiro will, with its banking partners, arrange to settle funds to the bank or other financial institution account that you designate (your “Payout Account”). You affirm that you are authorised to initiate settlements to and debits from the Payout Account, and that the Payout Account is owned by you, and administered and managed by a financial institution located in the European Union. If you update your Payout Account (including via the Dashboard) then you must ensure that you continue to comply with the requirements of this section. We may require you to provide us with documentary proof demonstrating your compliance with this section, and your failure to provide such proof will constitute a breach of this Agreement.
Settlement and Payout Schedule a. Your Payout Account: Latipay will, with its banking partners, arrange to settle funds to the bank or other financial institution account that you designate (your "Payout Account"). You affirm that you are authorized to initiate settlements to and debits from the Payout Account, and that the Payout Account is owned by you, and administered and managed by a financial institution located in Hong Kong. If you update your Payout Account (including via the Dashboard) then you must ensure that you continue to comply with the requirements of this section. We may require you to provide us with documentary proof demonstrating your compliance with this section, and your failure to provide such proof will constitute a breach of this Agreement.
Settlement and Payout Schedule a. Your Payout Account: Stripe will, with its banking partners, arrange to settle funds to the bank or other financial institution account that you designate (your “Payout Account”). You affirm that you are authorized to initiate settlements to and debits from the Payout Account, and that the Payout Account is owned by you, titled in your legal or trade name, and administered and managed by a financial institution located in the United States of America. If you update your Payout Account (including via the Dashboard) then you must ensure that you continue to comply with the requirements of this section. We may require you to provide us with documentary proof demonstrating your compliance with this section, and your failure to provide such proof will constitute a breach of this Agreement.