Master Wallet definition
Examples of Master Wallet in a sentence
The Master Wallet and Card may only be loaded via channels that We approve.
The Card is intended for use as a means of payment, and funds loaded onto the Card or Master Wallet do not constitute a deposit.
The Master Wallet and Card may only be loaded via channels and accounts that We approve.
We may deny an AISP or PISP access to Your Master Wallet connected to Your Card for reasonably justified and duly evidenced reasons relating to unauthorised or fraudulent access to Your account by that AISP or PISP, including the unauthorised or fraudulent initiation of a transaction.
We will deal with such instances on a case-by-case basis, but where there is a negative balance in the Master Wallet, We may require You to make up the shortfall and, until there are Available Funds, We may restrict or suspend the use of Your Card.
We will deduct any Available Funds Refund Fee payable to Us from the Available Funds on the Master Wallet and will normally arrange an electronic transfer to the original funding bank account of the corporate customer for the amount of the remaining Funds.
We will deal with such instances on a case- by-case basis, but where there is a negative balance in the Master Wallet, We may require You to make up the shortfall and, until there are Available Funds, We may restrict or suspend the use of Your Card.
In any event the liability of the organisations described in clauses 1.2 and 1.3 will be limited to the balance of the Master Wallet at the time that the event occurs.
You must ensure that You have sufficient Available Funds in the Master Wallet for the Cardholder to pay for each purchase or payment using the Card.
You may check the balance and Available Funds on Your Master Wallet in the Milo App.