Common use of Transaction Settlement Funds Clause in Contracts

Transaction Settlement Funds. Stripe will transfer settlement funds for Transactions, net of Fees, Disputes, Refunds, Reversals and other amounts owed to Stripe, from the applicable Pooled Account to the applicable User Bank Account within the time period stated in the Payout Schedule, unless a Payout Delay occurs and affects the transfer initiation, or Stripe exercises a right under this Agreement to withhold or delay the transfer. However, Stripe may impose an additional holding period before making the initial settlement to a User Bank Account.

Appears in 42 contracts

Samples: Stripe Services Agreement, Stripe Services Agreement, Stripe Services Agreement

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