Payment Transaction Processing Clause Samples
The Payment Transaction Processing clause defines the procedures and requirements for handling financial transactions between parties under the agreement. It typically outlines how payments are to be initiated, processed, and confirmed, including acceptable payment methods, timelines for processing, and responsibilities for transaction fees or errors. This clause ensures that both parties have a clear understanding of how payments will be managed, reducing the risk of disputes or delays related to financial transfers.
Payment Transaction Processing. Contractor shall perform Payment Transaction Processing as set forth in the Technical Specification.
Payment Transaction Processing. The Service facilitates the processing of Payment Transactions to complete a payment for a purchase between you and a Merchant. The service will store information from you, such as your Payment Instruments and shipping information, and will process Payment Transactions on behalf of Merchants through the appropriate payment gateway network. You authorize Bank to charge or debit your payment instruments to complete processing of a Payment Transaction. You also authorize the crediting to your Payment instrument in connection with reversals, refunds, or adjustments through the Service. You acknowledge and agree that your purchases of Products are transactions between you and the Merchant and not with the Bank. Bank is not a party to your purchase of Product/services, and Bank is not a buyer or a Merchant in connection with any Payment Transaction. You agree that as all the transactions in M-Commerce is instantaneous in nature and will be acted upon by Bank immediately on receipt of necessary instructions from me over my mobile phone, no stop-payment instructions from me could be accepted and acted upon by Bank.
Payment Transaction Processing. The Service facilitates the processing of Payment Transactions to complete payment for a purchase between the Customer and a Merchant. The Bank will store information from the Customer, such as payment instruments and shipping information, and will process Payment Transactions on behalf of Merchants through the appropriate payment gateway network. The Customer authorizes the Bank to charge or debit the Customer's account to complete processing of Payment Transaction. The Customer also authorises the Bank to credit the Customer's Account in connection with reversals, refunds, or adjustments through the Service. The Customer acknowledges and agrees that the purchases of products are transactions between the Customer and the Merchant and not with the Bank. The Bank is not a party to the purchase of products/Services, and the Bank is not a buyer or a Merchant in connection with any Payment Transaction.
Payment Transaction Processing. The Service facilitates the processing of Payment Transactions to complete a payment for a purchase between a Buyer and a Seller. The Service will store information from Buyers, such as their Payment Instruments and shipping information, and will process Payment Transactions on behalf of Sellers through the appropriate credit card or debit card network or through a participating as applicable. KingsPay may delay payment processing of suspicious transactions or transactions which may involve fraud, misconduct, or violate applicable law, this Terms of Service for Buyers, or other applicable KingsPay or Service policies, as determined in KingsPay's sole and absolute discretion. ▇▇▇▇▇ authorizes the charge or debit to ▇▇▇▇▇'s Payment Instrument as necessary to complete processing of a Payment Transaction. ▇▇▇▇▇ also authorizes the crediting to ▇▇▇▇▇'s Payment Instrument in connection with reversals, refunds, or adjustments through the Service. You acknowledge and agree that your purchases of Products are transactions between you and the Seller, and not with KingsPay, or any of KingsPay's affiliates. KingsPay is not a party to your purchase of Products, and KingsPay, or other KingsPay affiliates are not a buyer or a seller in connection with any Payment Transaction, unless expressly designated as such in the listing of the Product on a KingsPay Web Site.