PayFac Account definition

PayFac Account means Your account held by We for the purpose of holding the Proceeds;
PayFac Account means Your account held by We for the purpose of holding the Proceeds; Payment Facilitation Also called “PayFac”, payment facilitation is a service provided by Access Paysuite, where we take care of the technical setup and management for merchants and sub-merchants. We handle everything from underwriting and onboarding to enabling the infrastructure needed to process payments and ensure funds are received safely and swiftly on your behalf.

Examples of PayFac Account in a sentence

  • Funds associated with Your PayFac Account will be held in a separate account from Our corporate funds.

  • We will credit the full value back to Cardholder and debit the full value from Your PayFac Account and Nominated Bank Account after debiting our Fees and / or Set Off(s) as applicable.

  • Funds received into and credited to Your PayFac Account shall be deemed made available to You for this purpose.

  • We will credit the full value back to Cardholder and debit the full value from Your PayFac Account and Nominated Bank Account.

  • We will credit the full value back to Cardholder and debit the full value from Your PayFac Account and Nominated Bank Account after debiting our Fees and / or Set Off(s) as ap plicable.

  • Major variances between the original budgeted amounts and the actual amounts disclosed on the primary financial statements are explained in Note 12.

Related to PayFac Account

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Investment Account As defined in Section 3.12(a).

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Regular account means the account established for each active and inactive member un-

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Administration Account As defined in Section 7.02.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.