Payoneer Account definition
Examples of Payoneer Account in a sentence
If Seller has not completed delivery of the full Settlement Amount during the Estimated Settlement Period, Seller agrees to commence delivery to Purchaser of all Collections received in its Payoneer Account, starting as of the end of the Estimated Settlement Period and continuing each day thereafter until the full amount of Settlement Amount has been received by Purchaser.
You are solely responsible for deciding whether to register the Payoneer Account.
Seller represents that the Payoneer Account is established for business purposes only and not for personal, family, or household purposes.
Seller acknowledges and agrees that Purchaser shall also have the right to instruct any Third Party Site to direct all payments in respect of any Receivables to Seller’s Payoneer Account or to the bank account designated by Purchaser until Purchaser has received and retained the Settlement Amount in full.
Purchaser shall pay the Capital Advance Amount in consideration of the Purchased Receivables by no later than three (3) Business Days following the Transaction Date indicated in the Transaction Summary by crediting Seller’s Payoneer Account for the Capital Advance Amount.
You acknowledge and agree that clicking on the link on our website leading to Payoneer Account registration process constitutes an affirmative action indicating your consent to data sharing as outlined herein.
The Payoneer Account is used for processing of all payments due to you under the Service Agreement.
If Purchaser elects to take delivery of the Purchased Receivables and other amounts owed hereunder by debiting the Seller’s Payoneer Account, then Seller irrevocably authorizes Purchaser, or its designee, to withdraw the Purchased Receivables and such other amounts by initiating a debit entry to Seller’s Payoneer Account.
Seller further acknowledges and agrees that Purchaser may instruct Payoneer to convert funds from Collections received in Seller’s Payoneer Account and held in a currency balance different than the currency of the Settlement Amount, in such amount as required to perform the respective delivery.
Beginning on the Initial Settlement Date and on each day thereafter, Purchaser shall take delivery of, and Seller hereby authorizes Purchaser to receive, Collections on the Receivables deliverable to Purchaser under this Agreement in one of the following ways: (i) directly from the Third Party Sites; or (ii) by debiting the Seller’s Payoneer Account (without limiting such debit to a Funding Source).