Liability for Invalidated Payments Clause Samples
Liability for Invalidated Payments. When you receive a payment, you are liable to PayPal for the full amount of the payment sent to you plus any Fees if the payment is later invalidated for any reason. This means that, in addition to any other liability, you will be responsible for the amount of the payment sent by the sender, plus the applicable Fees listed in Exhibit A (Fees) of this Agreement if you lose a Claim or a Chargeback, or if there is a Reversal of the payment.
Liability for Invalidated Payments. You are liable for all claims, expenses, fines and liabilities we incur arising out of: a chargeback, refund, over-payment, payment error, or other invalidated payment youcause (“Invalidated Payment”); b. any error, negligence, misconduct or fraud by you, your employees, or someone acting on your behalf; and c. any losses resulting from your failure to comply with the terms of this Agreement, or your usage of the PayPal Processing Services. Notwithstanding any other provision inthis Agreement, PayPal is not liable for any losses resulting from the settlement and payout of the IndirectProcessing Transaction Volume in accordance with Invoice Cloud’s direction.
Liability for Invalidated Payments. When you, Receiving User, receive a payment, you are liable to PayPal for the full amount of the payment sent to you plus any Fees if the payment is later invalidated for any reason. This means that, in addition to any other liability, you, Receiving User, will be responsible for the amount of the payment sent by the sender, plus the applicable Fees listed in the Fees for selling and receiving payments table (and as described in Exhibit A) if you lose a Claim or a Chargeback, or if there is a Reversal of the payment. You agree to allow PayPal to recover any amounts due to PayPal by debiting your balance. If there are insufficient funds in your balance to cover your liability, you must reimburse PayPal through other means. If the sender Paying User of a payment files a Chargeback, the credit card issuer, not PayPal, will determine who wins the Chargeback.
Liability for Invalidated Payments. You are liable for all claims, expenses, fines and liabilities we incur arising out of:
a. a chargeback, refund, over-payment, payment error, or other invalidated payment you cause (“Invalidated Payment”);
b. any error, negligence, misconduct or fraud by you, your employees, or someone acting on your behalf; and
c. any losses resulting from your failure to comply with the terms of this Agreement, or your usage of the PayPal Processing Services. In the event of an Invalidated Payment or other liability, we may deduct the amounts due to PayPal from your payouts or directly from your Settlement Account. While you may agree to share some liability with the Platform, you are always financially liable to PayPal for disputes (including chargebacks), refunds and any fines that arise from your use of the Services.
Liability for Invalidated Payments. When you receive a payment, you are liable to PayPal for the full amount of the payment sent to you plus any Fees if the payment is later invalidated for any reason. This means that, in addition to any other liability, you will be responsible for the amount of the payment sent by the sender, plus the applicable Chargeback fees shown on the Chargeback Fees Table (and as described in Exhibit A) if you lose a Claim or a Chargeback, or if there is a Reversal of the payment. You agree to allow PayPal to recover any amounts due to PayPal by debiting your balance. If there are insufficient funds in your balance to cover your liability, you must reimburse PayPal through other means. If a sender of a payment files a Chargeback, the card issuer, not PayPal, will determine who wins the Chargeback.
Liability for Invalidated Payments. When you receive a payment, you are liable to VBranch Trust for the full amount of the payment sent to you plus any Fees if the payment is later invalidated for any reason. This means that, in addition to any other liability, you will be responsible for the amount of the payment sent by the sender, plus the applicable Fees listed in Exhibit A (Fees) of this Agreement if you lose a Claim or a Chargeback, or if there is a Reversal of the payment.
i) You agree to allow the Trustee to recover any amounts due to VBranch Trust by debiting your balance. If there are insufficient funds in your balance to cover your liability, you must reimburse VBranch Trust through other means. If a sender of a payment files a Chargeback, the card issuer, not the Trustee, will determine who wins the Chargeback.