Common use of Third-Party Payment Gateway Clause in Contracts

Third-Party Payment Gateway. In the event a Merchant uses a third-party payment gateway to process transactions related to the sale of Products through the Quivers Services, such that Quivers is not the initial recipient of funds related to such sale, Quivers will provide an invoice to the Merchant no fewer than two (2) times per month in respect of the Quivers Service Fee and other amounts incurred pursuant to this Agreement as a result of such transactions (e.g., amounts due and owing to fulfilling Fulfillers). Such invoices shall be due and payable upon the date of receipt.

Third-Party Payment Gateway. In the event a Merchant Brand uses a third-party payment gateway to process transactions related to the sale of Products through the Quivers Services, such that Quivers is not the initial recipient of funds related to such sale, Quivers will provide an invoice to the Merchant Brand no fewer than two (2) times per month in respect of the Quivers Service Fee and other amounts incurred pursuant to this Agreement as a result of such transactions (e.g., amounts due and owing to fulfilling Fulfillersretailers). Such invoices shall be due and payable upon the date of receipt.