Payment Source definition
Examples of Payment Source in a sentence
If you pay in accordance with the payment instructions detailed in this Agreement and in your Monthly Statement, we will credit your payments as follows: • If you initiate a one-time payment using a Payment Source Account before 11:59 P.M. ET, we will credit the payment as of that calendar day.
Each time you authorize us to take an electronic payment from your Payment Source Account, you represent and warrant that you are legally authorized to use such Payment Source Account.
We may cancel your payment(s) if any prior payments from the associated Payment Source Account are returned, or for any other reason we deem appropriate.
If you have authorized recurring payments in the amount of your Account’s Minimum Payment Due or the Monthly Balance, you agree that we need not provide you such notice for the first payment that is initiated from your Payment Source Account after your Account is shared as a Co-Owned Account if the amount of such payment is between $0 and the Monthly Balance due on your Account before it was shared as a Co-Owned Account, as shown on the Monthly Statement issued before your Account is shared.
Electronic payments initiate electronic fund transfers (e.g., ACH or debit) from your (i) Apple Cash account or (ii) a bank account(s) with a financial institution located in the U.S. (each, a "Payment Source Account").