Common use of Electronic Wallets Clause in Contracts

Electronic Wallets. Customer may authorize Custom House to hold funds for Customer for up to 90 days, in one or more currencies as agreed by Custom House, pending further instruction for delivery of the funds to Customer or a beneficiary. If Custom House does not receive a timely Instruction for the disposition of such funds within such 90 days, those funds will be returned to Customer in the same currency in which they were delivered to Custom House. Customer acknowledges and agrees that Custom House shall not pay interest on funds held in the Electronic Wallet.

Electronic Wallets. Customer may authorize Custom House to hold funds for Customer for up to 90 days, in one or more currencies as agreed by Custom House, pending further instruction for delivery of the funds to Customer or a beneficiaryPayee. If Custom House does not receive a timely Instruction for the disposition of such funds within such 90 days, those funds will be returned to Customer in the same currency in which they were delivered to Custom House. Customer acknowledges and agrees that Custom House shall not pay interest on funds held in the an Electronic Wallet. Customer agrees and acknowledges that Electronic Wallet transactions only involve the buying or selling of foreign currency.