Common use of Receiving Funds Clause in Contracts

Receiving Funds. 31.1 If We receive a payment that has been sent through our Service to you, We will pay that amount to You when it becomes clear funds, usually less than 3 business days from receipt. 31.2 If You receive funds through Our Services you must pay any applicable fees for receiving the funds into Your account. 31.3 If We have placed a hold on a transaction we will not transfer the funds related to that transaction until the hold is released. 31.4 You must ensure the details of the Service Provider’s Bank Account are correct. 31.5 If a transaction for which We have paid You is subsequently dishonoured, You must repay us that amount within 5 days. We can debit Your bank account to make this happen.

Receiving Funds. 31.1 7.1 If We receive a payment that has been sent through our Service to you, We will pay that amount to You when it becomes clear funds, usually less than 3 business days from receipt. 31.2 7.2 If You receive funds through Our Services you must pay any applicable fees for receiving the funds into Your account. 31.3 7.3 If We have placed a hold on a transaction we will not transfer the funds related to that transaction until the hold is released. 31.4 7.4 You must ensure the details of the Service ProviderJims Franchisee’s Bank Account are correct. 31.5 7.5 If a transaction for which We have paid You is subsequently dishonoured, You must repay us that amount within 5 days. We can debit Your bank account to make this happen.