Common use of Extra Debit Payment Service Clause in Contracts

Extra Debit Payment Service. When you complete a transaction using your Debit Card or make a purchase from the Extra Rewards Program using an ACH debit, Extra deposits funds into your Funding Source (for debit card transactions) or provides necessary purchase funds for the Extra Rewards Store (for purchases from the rewards store that require U.S. currency) in the form of advances made by Extra on your behalf pursuant to these Terms (the “Extra Debit Payment Service” or “EDPS”). Extra is not a lender and does not provide loans. The EDPS and related Extra Services provide access to spending availability to allow you to use your Debit Card or in Extra Rewards Program transactions as limited based on your available Spend Power (as defined below in Section 1.b.iv). You acknowledge and agree that by providing your ACH authorization, you authorize us to instruct ▇▇▇▇▇▇ to initiate ACH debits to repay funds that Extra advances on your behalf pursuant to the EDPS and that your history of successful or failed repayments of such advanced funds may be reported to one or more credit reporting agencies. By agreeing to these terms, you consent to our evaluating whether you are qualified to use the Services, including the EDPS. We do not charge interest or fees on amounts advanced on your behalf pursuant to the EDPS, although fees may be assessed on your use of the Debit Card pursuant to the terms of the Debit Card Cardholder Agreement.

Extra Debit Payment Service. When you complete a transaction using your Debit Card or make a purchase using an ACH transfer from the Extra Rewards Program using an ACH debitProgram, Extra deposits funds into your Funding Source (for debit card transactions) or provides necessary purchase funds for the Extra Rewards Store (for purchases from the rewards store that require U.S. currency) in the form of advances made by Extra on your behalf pursuant to these Terms (the “Extra Debit Payment Service” or “EDPS”). Extra is not a lender and does not provide loans. The EDPS and related Extra Services provide access to spending availability to allow you to use your Debit Card or in Extra Rewards Program transactions as limited based on your available in the form of Spend Power (as defined below in Section 1.b.iv). You acknowledge and agree that by providing your ACH authorization, you authorize are authorizing us to instruct ▇▇▇▇▇▇ to initiate ACH debits to repay funds that Extra advances on your behalf pursuant to the EDPS and that your history of successful or failed repayments of such advanced funds may will be reported to one or more credit reporting agencies. By agreeing to these terms, you consent to our evaluating whether you are qualified to use the Services, including the EDPS. We do not charge interest or fees on amounts advanced on your behalf pursuant to the EDPS, although fees may be assessed on your use of the Debit Card pursuant to the terms of the Debit Card Cardholder Agreement.