Common use of Failed or Returned Transactions Clause in Contracts

Failed or Returned Transactions. In using the Service, you are requesting the Service to make payments for you from your Payment Account. If we are unable to complete the transaction for any reason associated with your Payment Account (for example, there are insufficient funds in your Payment Account to cover the transaction), the transaction may not be completed. In some instances, you will receive a return notice from the Service. In such case, you agree that: You will reimburse the Service immediately upon demand the transaction amount that has been returned to the Service; For any amount not reimbursed to the Service within fifteen (15) days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; You will reimburse the Service for any fees imposed by your financial institution as a result of the return; You will reimburse the Service for any fees it incurs in attempting to collect the amount of the return from you; and, The Service is authorized to report the facts concerning the return to any credit reporting agency.

Failed or Returned Transactions. In using the Service, you are requesting the Service to make payments for you from your Payment Account. If we are unable to complete the transaction for any reason associated with your Payment Account (for example, there are insufficient funds in your Payment Account to cover the transaction), the transaction may not be completed. In some instances, you will receive a return notice from the Service. In each such case, you agree that: • You will reimburse the Service immediately upon demand the transaction amount that has been returned to the Service; • For any amount not reimbursed to the Service within fifteen (15) days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; • You will reimburse the Service for any fees imposed by your financial institution as a result of the return; • You will reimburse the Service for any fees or costs it incurs in attempting to collect the amount of the return from you; and, • The Service is authorized to report the facts concerning the return to any credit reporting agency.

Failed or Returned Transactions. In using the Service, you are requesting the Service to make payments for you from your Payment Account. If we are unable to complete the transaction for any reason associated with your Payment Account (for example, there are insufficient funds in your Payment Account to cover the transaction), the transaction may will not be completed. In some instances, you will receive a return notice from the Service. In such case, you agree that: You will reimburse the Service immediately upon demand the transaction amount that has been returned to the Service; For any amount not reimbursed to the Service within fifteen (15) days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; You will reimburse the Service for any fees imposed by your financial institution as a result of the return; You will reimburse the Service for any fees it incurs in attempting to collect the amount of the return from you; and, The Service is authorized to report the facts concerning the return to any credit reporting agency.

Failed or Returned Transactions. In using the Service, you are requesting the Service to make payments for you from your Payment Account. If we are unable to complete the transaction for any reason associated with your Payment Account (for example, there are insufficient funds in your Payment Account to cover the transaction), the transaction may will not be completed. In some instances, you will receive a return notice from the Service. In such case, you agree that: • You will reimburse the Service immediately upon demand the transaction amount that has been returned to the Service; • For any amount not reimbursed to the Service within fifteen (15) days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; • You will reimburse the Service for any fees imposed by your financial institution as a result of the return; • You will reimburse the Service for any fees it incurs in attempting to collect the amount of the return from you; and, and • The Service is authorized to report the facts concerning the return to any credit reporting agency.