PayFac Account definition

PayFac Account means Your account held by We for the purpose of holding the Proceeds;
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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.
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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 after debiting our Fees and / or Set Off(s) as ap plicable.

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

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

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.

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