Agency Relationship. You authorize us with respect to the Services to act as your agent for the limited purposes of holding, receiving, and disbursing funds on your behalf. Your authorization permits ProPay to generate an electronic funds transfer to process each payment transaction. This authorization will continue until this agreement is terminated. You agree that ProPay’s receipt of transaction proceeds satisfies your customers’ obligations to you.
Appears in 5 contracts
Samples: Sub Merchant Agreement, Sub Merchant Agreement, Sub Merchant Tri Party Agreement
