Direct Debit definition

Direct Debit means a payment service for debiting a payer’s payment account, where a payment transaction is initiated by the payee on the basis of the payer’s consent given to the payee, to the payee’s payment service provider or to the payer’s own payment service provider;

Direct Debit means a payment service for debiting a payer's payment account, where a payment transaction is initiated by the payee on the basis of the payer's consent given to the payee, to the payee's payment service provider or to the payer's own payment service provider;

Direct Debit means a national or cross-border payment service for debiting a payer’s payment account, where a payment transaction is initiated by the payee on the basis of the payer’s consent;

Examples of Direct Debit in a sentence

• By ticking ‘I agree’ the customer agrees to be bound by the terms of this Direct Debit Service Agreement.

• Whenever you register a bank account with PayPal or use a new bank account for the first time as a Funding Source, you grant PayPal a SEPA Direct Debit mandate.

• If PayPal resubmits any SEPA Direct Debit payment request due to reversal of the original payment, there will be no (additional) information given on the amount and the time frame ahead of the resubmission.

• Direct Debit Request You authorise and request us using our User ID no 342048 (Debit User) until further notice in writing, to arrange for any amount that we may debit or charge you under the terms of this Agreement and also the Direct Debit Request Service Agreement, to do so using the bank account details below through the Bulk Electronic Clearing System (BECS).

• Please indicate the method of payment you wish to use for the payment of your Annual Fees: Cash/Cheque BPAY* Credit Card (complete 3a) Direct Debit (complete 3b) In Person at the Finance Office 3a.

More Definitions of Direct Debit

Direct Debit means a payment made pursuant to the Direct Debiting Scheme;

Direct Debit means a transaction originated by the beneficiary, as authorised by you so the amount can vary each time if necessary.

Direct Debit means a service for making payments from the payer’s account which are initiated by the payee on the basis of the payer’s consent (whether given by the payer to the payer’s bank or to the payee or to the payee’s bank).

Direct Debit means a written instruction of an Obligor authorising its bank to honour a request of VWFS to debit a sum of money on specified dates from the account of the Obligor for credit to an account of VWFS.

Direct Debit means the payment services for debiting a Payer payment account where a payment account is initiated by the Payee on the basis of the Payer’s consent given to: • the Payee or • the Payee payment services provider or the Payer payment services provider.

Direct Debit an automated payment method set up between you and us to send payments to organisations in accordance with a direct debit mandate given by you to the organisation which manages the frequency and amount of each payment; “E-money” monetary value issued by us to your Account on receipt of funds on your behalf in our Customer Funds Account, equal to the amount of funds received; “European Economic

Direct Debit means a payment transaction initiated by the payee and debited to the Client’s myPOS Account where the amount of the payment is specified by the payee.