Payment Processor Setup Requirements Clause Samples

Payment Processor Setup Requirements. You understand that as a representative of your organization you will be required to securely provide personally identifiable information for underwriting purposes so that our third party payment processor can verify you are a valid representative of that Organization, including but not limited to your full name, your date of birth, and the last 4 of our social security number (U.S. only). In some cases, you may be required to provide additional identifying information to comply with Federal and State compliance laws. You agree to not provide invalid or personally identifiable information for which you are unauthorized. Additionally, you will be required to provide bank routing and account number information for the organization, as well as the organization representative’s name listed on the bank account in order to be paid out any escrowed donations. You agree not to provide invalid or bank account information for which you are unauthorized. You agree that GiveGab will not be responsible for incorrect payment processing actions via our third party payment processor that occur because of invalid or unauthorized bank account information entered by you or a representative of your organization.