What is an Unauthorized Transaction Sample Clauses

What is an Unauthorized Transaction. An "Unauthorized Transaction" occurs when a payment is sent from your PayPal account that you did not authorize and that did not benefit you. For example, if someone steals your password, uses the password to access your PayPal account, and sends a payment from your PayPal account, an Unauthorized Transaction has occurred. The following are NOT considered Unauthorized Transactions: • If you give someone access to your PayPal account (by giving them your login information) and they use your PayPal account without your knowledge or permission. You are responsible for transactions made in this situation. • Invalidation and reversal of a payment as a result of the actions described under Refunds, Reversals and Chargebacks.
Sample 1Sample 2Sample 3See All (12)
AutoNDA by SimpleDocs
What is an Unauthorized Transaction. An “Unauthorized Transaction” occurs when a payment is sent from your account that you did not authorize and that did not benefit you. For example, if someone steals your password, uses the password to access your account, and sends a payment from your account, an Unauthorized Transaction has occurred.
Sample 1
What is an Unauthorized Transaction. An “Unauthorized Transaction” occurs when money is sent from your PopPay account that you did not initiate or authorize, and that did not benefit you. For example, if a payment is made from your PopPay account and your Biometric Information was not used to authorize the transaction, an Unauthorized Transaction has occurred. i. What is not considered an Unauthorized Transaction Transactions that fall into the following are NOT considered Unauthorized Transactions: • Transactions that are made by the card holder, that are made with their permission, or from which they benefit. • Transactions that are made by the account holder, that are made with their permission, or from which they benefit. • Invalidation and reversal of a payment as a result of the actions described under Refunds, Reversals, and Chargebacks.
Sample 1

Related to What is an Unauthorized Transaction

  • Unauthorized Transactions You are not responsible for unauthorized Transactions. A Transaction is considered an “unauthorized Transaction” if we complete an investigation and determine that: • The Account was used by someone other than you; • You did not receive any benefit from the Transaction; • You co-operated fully with us in our investigation; and • You followed your responsibilities under this Agreement, including in these sections: i. “Unauthorized Transactions”; ii. “Using the Account”;

  • Your Liability for Unauthorized Transfers Immediately following your discovery of an unauthorized Payment Instruction, you shall communicate with customer care for the Service in the manner set forth in Section 6 of the General Terms above. You acknowledge and agree that time is of the essence in such situations. If you tell us within two (2) Business Days after you discover your password or other means to access your account through which you access the Service has been lost or stolen, your liability is no more than $50.00 should someone access your account without your permission. If you do not tell us within two (2) Business Days after you learn of such loss or theft, and we can prove that we could have prevented the unauthorized use of your password or other means to access your account if you had told us, you could be liable for as much as $500.00. If your monthly financial institution statement contains payments that you did not authorize, you must tell us at once. If you do not tell us within sixty (60) days after the statement was sent to you, you may lose any amount transferred without your authorization after the sixty (60) days if we can prove that we could have stopped someone from taking the money had you told us in time. If a good reason (such as a long trip or a hospital stay) prevented you from telling us, we will extend the time periods specified above to a reasonable period.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!