Paynetics Account definition

Paynetics Account means a non-deposit non-interest-bearing account associated with a Card or Cards and maintained for the purpose of enabling Payment transactions. The Paynetics account shall only be used for loading of funds to the Card as provided for in Section 3 of this Agreement.
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Paynetics Account means a payment account maintained by Paynetics in the name of the Customer under a Framework Agreement for Opening and Maintaining a Payment Account and Providing Payment Services signed between Paynetics and the Customer.
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Paynetics Account means an electronic money payment account maintained by Paynetics in your name in the PAYOO System, which:
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Examples of Paynetics Account in a sentence

  • The Customer shall be considered to be informed of an unauthorised or improperly executed transaction as from the moment of downloading the relevant statement from the Website Paynetics shall not be held liable for any unauthorised or improperly executed payment transactions under this Article 10 where Paynetics has not received a notice within two months from the date when Customer’s Paynetics Account was debited.

  • The Customer shall be required to notify Paynetics in writing of any unauthorised or improperly executed transaction with the Card without undue delay after becoming aware of the unauthorised or improperly executed transaction but no later than 13 months from the date of debiting the Customer’s Paynetics Account.

  • If any action results in a negative balance in the Paynetics Account, the Customer shall recover the respective amount ensuring a positive balance in the Account, and Paynetics shall be entitled to take all necessary steps in accordance with the Agreement for the collection of amounts due from the Paynetics Account.

  • You may make payments directly from your Paynetics Account to a merchant indicated on the Website or to another Member by following the steps described on the Website.

  • If you order a payment transaction in a currency other than the currency in which your Paynetics Account is denominated, the amount deducted from your available balance will be the amount of the transaction converted in the currency in which your Paynetics Account is denominated, using the exchange rate determined in accordance with these General Terms and Conditions.

  • We will review your application as soon as possible, and your Paynetics Account will be in a wait status until we complete our inspection and activate your Paynetics Account.

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  • If this would not compromise the necessary reasonable security measures and/or not would be illegal in any other way, if practicable, we will inform you about the actions referred to in Paragraph 6 above by telephone or by email, stating the reasons for suspension, limitation, blocking or cancellation of your Paynetics Card, respectively, for stopping or limiting access to your Paynetics Account or for our refusal to issue or replace a Paynetics Card.

  • Information about your Paynetics Account and your Paynetics Card will be updated, if there was any activity in your account or card, including about all fees collected.

  • You may not use your Paynetics Account and your Paynetics Card as a means of trading or for commercial purposes, unless you have received prior written approval from us.4. You need to make sure there are sufficient available funds in your Paynetics Account to cover the amount of a payment transaction and all applicable fees.

Related to Paynetics Account

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Billing Account is the checking account from which all Service fees will be automatically debited.

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

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Transferred Account means each account into which an Account is transferred, provided that (i) such transfer is made in accordance with the Credit Card Guidelines and (ii) such account can be traced or identified as an account into which an Account has been transferred.

  • 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).

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • JetBrains Account or “JBA” means an account at xxxxx://xxxxxxx.xxxxxxxxx.xxx created by Customer, having a unique name and password, and through which Customer has access to Products in accordance with a Toolbox Subscription.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Linked Account means any controlled disbursement account or other deposit account at any time linked to any of the Collection Accounts maintained at Truist Financial Corp. by a zero balance account connection or other automated funding mechanism.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • 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.

  • Funds Account means an account held by you or any third parties maintained with any Participant.

  • 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.

  • Omnibus Account means any Shareholder Account the record owner of which is a registered broker-dealer which has agreed with the Transfer Agent to provide sub-transfer agent functions relating to each Sub-shareholder Account within such Shareholder Account as contemplated by this Schedule I in respect of each of the Funds.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

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

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

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