Common use of STOP PAYMENT COVERAGE Clause in Contracts

STOP PAYMENT COVERAGE. Paya-EFT agrees to waive section 15 (n) of this Schedule and to guarantee Stop Payment instruments up to the limit which was approved by Paya-EFT’s underwriting department at the time of acceptance, provided that Merchant shall have performed all of its obligations related to the issuance of said qualified instrument. At Paya-EFT's request, Merchant shall provide written information regarding any claim for reimbursement of a Stop Payment instrument. Stop Payment Coverage must be indicated (checked box) by Merchant upon the initial acceptance by Paya-EFT and must be approved and accepted by Paya-EFT in addition to this agreement. Stop Payment Coverage does not cover business account checks, only personal accounts. Merchant is required to have a check imager to qualify for stop payment coverage. In addition, stop payment claims require a copy of the invoice/work order, and an image of the check along with written information regarding any claims for reimbursement. Service or product must have been delivered to check writer. Stop payments will automatically be debited from the merchant’s account until the claim is investigated by Paya-EFT. The accepted claims will be paid within 30 days. STOP PAYMENT COVERAGE IS DESIGNED FOR THE FOLLOWING TYPES OF MERCHANTS: Auto Repair, Paint and Body Repair, Boat Repair, Motorcycle Repair, Motor-Home Repair, Transmission Repair, Auto Glass Install/Repair.

STOP PAYMENT COVERAGE. Paya-EFT agrees to waive section 15 (n) of this Schedule and 4.m to guarantee payment of Stop Payment instruments instrument arising out of a dispute with Merchant up to the limit which was approved by Paya-EFT’s underwriting department at the time of acceptance,, provided that Merchant shall have performed all of its obligations related to the issuance of said qualified instrument. At Paya-EFT's request, Merchant shall provide written information regarding any claim for reimbursement of a Stop Payment instrument. Stop Payment Coverage must be indicated (checked box) by Merchant upon the initial acceptance by Paya-EFT and must be approved and accepted by Paya-EFT in addition to this agreementEFT. Stop Payment Coverage does not cover business account checks, only personal accounts. Merchant is required to have a check imager to qualify for stop payment coverage. In addition, stop payment claims require a copy of the invoice/work order, and an image of the check along with written information regarding any claims for reimbursement. Service or product must have been delivered to check writer. Stop payments will automatically be debited from the merchant’s account until the claim is investigated by Paya-EFT. The accepted claims will be paid within 30 days. STOP PAYMENT COVERAGE IS DESIGNED FOR THE FOLLOWING TYPES OF MERCHANTS: Auto Repair, Paint and Body Repair, Boat Repair, Motorcycle Repair, Motor-Home Repair, Transmission Repair, Auto Glass Install/Repair.

STOP PAYMENT COVERAGE. Paya-EFT agrees to waive section 15 13 (na) of this Schedule and to guarantee Stop Payment instruments up to the limit which was approved by Paya-EFT’s underwriting department at the time of acceptance, provided that Merchant shall have performed all of its obligations related to the issuance of said qualified instrument. At Paya-EFT's request, Merchant shall provide written information regarding any claim for reimbursement of a Stop Payment instrument. Stop Payment Coverage must be indicated (checked box) by Merchant upon the initial acceptance by Paya-EFT and must be approved and accepted by Paya-EFT in addition to this agreement. Stop Payment Coverage does not cover business account checks, only personal accounts. Merchant is required to have a check imager to qualify for stop payment coverage. In addition, stop payment claims require a copy of the invoice/work order, and an image of the check along with written information regarding any claims for reimbursement. Service or product must have been delivered to check writer. The Stop Payment Coverage is only applicable on eligible ACH items. Stop payments will automatically be debited from the merchant’s account until the claim is investigated by Paya-EFT. The accepted claims will be paid within 30 days. STOP PAYMENT COVERAGE IS DESIGNED FOR THE FOLLOWING TYPES OF MERCHANTS: Auto Repair, Paint and Body Repair, Boat Repair, Motorcycle Repair, Motor-Home Repair, Transmission Repair, Auto Glass Install/Repair.