Chargebacks prohibited Sample Clauses
The 'Chargebacks prohibited' clause serves to prevent parties from reversing or disputing payments once they have been made. In practice, this means that after a payment is processed, the payer cannot initiate a chargeback through their bank or payment provider to reclaim the funds, regardless of any dissatisfaction or dispute. This clause is commonly used in contracts involving online payments or credit card transactions to protect the recipient from unexpected financial losses. Its core function is to ensure payment finality and reduce the risk of revenue disruption due to chargeback claims.
POPULAR SAMPLE Copied 15 times
Chargebacks prohibited. User waives any right it may have to request a chargeback through User’s credit card company, bank or any authorized representative for any amount paid to Company under this Agreement. User will be responsible for and will indemnify Company with respect to any and all chargebacks initiated by User, or User’s partners, affiliates, representatives, or associated individuals in relation to this Agreement or Company’s provision of Services to User. If Company is harmed by User’s chargeback, including, but not limited to Company suffering any financial loss (including the clawback of funds from Company’s accounts), Company expending time to respond or otherwise object to User’s chargeback, or if User advances a fraudulent chargeback against Company, User agrees to pay Company the higher amount of either (i) three (3) times the amount of User’s unauthorized chargeback or (ii) a $30,000.01 penalty. In addition to the agreed penalty for User’s initiation of a chargeback against Company, User will also be responsible for any of Company’s time spent fighting the chargeback at an hourly rate of $550.00 an hour.
Chargebacks prohibited. Client waives any right it may have to request a chargeback through Client’s credit card company, banking institution, or any authorized representative for services or any other amount paid to Company under this Agreement. Client will be responsible for and will indemnify Company with respect to any and all chargebacks initiated by Client, or Client’s partners, affiliates, representatives, or associated individuals (which includes, but is not limited to the individual owners of an associated entity that hired Company) in relation to this Agreement. If Company is harmed by Client’s chargeback, including, but not limited to Company suffering any financial loss (including, but not limited to, the clawback of funds from bank accounts causing a negative impact on Company’s regular business operation, etc.), Company expending time to respond or otherwise object to Client’s chargeback, or if Client advances a fraudulent chargeback against Company, Client agrees to pay Company the higher amount of either (i) 3 times the amount of Client’s unauthorized chargeback or (ii) a $30,000.01 penalty. In addition to the agreed penalty for Client’s initiation of a chargeback against Company, Client will also be responsible for any of Company’s time spent fighting the chargeback plus Company attorney’s hourly rate, which starts at $550.00 an hour, and any associated fees of expenses spent pursuing the chargeback.
7. Billing, reports, work estimates, and late fees. Initial invoice will match the terms spelled out in the Enrollment Form. After the Enrollment Form is signed, Client will receive a link to the payment portal. Each new month of Services will commence on the 1st day of each month. Company will typically provide regular invoices to Clients on or near the first of each month. Client’s agrees to timely remit payment according to Company’s invoice and the Agreement within fifteen (15) days of invoice issuance using the approved method of payments (e.g., ACH, credit or debit card, or check) Client selected on your Enrollment Form. Company reserves the right to request payment of fees, expenses, or disbursements in advance, when necessary and to adjust the frequency of sending invoices or reports.
Chargebacks prohibited. Users will be responsible and will indemnify Company with respect to any and all chargebacks regarding Services performed under this Agreement. If Company is harmed by User’s chargeback, including, but not limited to User advancing a fraudulent chargeback against Company, User agrees to pay Company the higher amount of either (i) interest in the amount of 5% of the Proposed Project Service Fee due and payable to Company or (ii) to pay the maximum amount allowable by law.
Chargebacks prohibited. Client waives any right it may have to request a chargeback through Client’s credit card company, banking institution, or any authorized representative for services or any other amount paid to Company under this Agreement. Client will be responsible for and will indemnify Company with respect to any and all chargebacks initiated by Client, or Client’s partners, affiliates, representatives, or associated individuals (which includes, but is not limited to the individual owners of an associated entity that hired Company) in relation to this Agreement. If Company is harmed by Client’s chargeback, including, but not limited to Company suffering any financial loss (including, but not limited to, the claw back of funds from bank accounts causing a negative impact on Company’s regular business operation, etc.), Company expending time to respond or otherwise object to Client’s chargeback, or if Client advances a fraudulent chargeback against Company, Client agrees to pay Company the higher amount of either (i) 3 times the amount of Client’s unauthorized chargeback or (ii) a $30,000.01 penalty. In addition to the agreed penalty for Client’s initiation of a chargeback against Company, Client will also be responsible for any of Company’s time spent fighting the chargeback at Company attorney’s hourly rate, which starts at $550.00 an hour.