Receiving Money Clause Samples
The RECEIVING MONEY clause outlines the terms and procedures under which one party accepts payments from another. It typically specifies acceptable payment methods, timelines for receipt, and any conditions or documentation required for acknowledging payment, such as receipts or confirmations. This clause ensures both parties have a clear understanding of how and when money should be transferred, reducing the risk of disputes or misunderstandings regarding financial transactions.
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Receiving Money. If a friend or family member sends money to you, the money will appear in your PayPal balance. To receive money in a currency your account is not currently configured to accept, it may be necessary to create a balance in that currency or convert the money into another currency. Certain currencies can only be received by converting the money into another currency that PayPal allows you to hold. If the money is converted, PayPal’s transaction exchange rate (including our currency conversion fee) will be used. The fees applicable to sending money can be found on our Sending Money to Friends and Family table and will be disclosed to you in advance each time you initiate a transaction to send money to a friend or family member. If you convert money in your PayPal balance from one currency to another before sending money, PayPal’s transaction exchange rate (including our currency conversion fee) will be used. And, if you use your credit card as the payment method when sending money, you may be charged a cash-advance fee by your card issuer. If you send money to a friend or family member from a third party (non-PayPal) website or by using a third party’s product or service, then the third party will determine if the sender or recipient pays the fee. This will be disclosed to you by the third party before the payment is initiated. You can also use the send money feature in your PayPal account to pay for good or services. You will not be charged any transaction fee for sending money to purchase goods or services as long as you choose the “send money to pay for goods and services” feature in your PayPal account. In that case, the seller will pay the fees. You must not use the “send money to a friend or family member” feature in your PayPal account when you are paying for goods or services.
Receiving Money. If a friend or family member sends money to you, the money will appear in your PayPal balance. To receive money in a currency your account is not currently configured to accept, it may be necessary to create a balance in that currency or convert the money into another currency. Certain currencies can only be received by converting the money into another currency that PayPal allows you to hold. If the money is converted, PayPal’s transaction exchange rate (including our currency conversion fee) will be used.
Receiving Money. Receiving money Fees or charges
Receiving Money. When another person initiates a transfer to you through the P2P Service, we will deposit the funds to your designated account. If you are receiving a payment from a business or government agency, your payment will be delivered in accordance with both this Agreement and the procedures of the business or government agency that is sending you the payment.
Receiving Money. All transfers of money to you shall be performed by a Network Financial Institution per the direction of that Network Financial Institution customer and at all times subject to the terms and conditions of the relevant service agreement between that Network Financial Institution and its customer, including without limitation any restrictions or prohibitions on permissible transactions. You authorize us to accept, on your behalf, all payments that other Users make to you and credit them to your Eligible Transaction Account. You understand that you have no ability to stop the payment once a User initiates a transfer to your email address, mobile phone number or Zelle® tag that you enrolled with the Zelle® Payment Service. You agree that we will not be liable in any way for any payments that you may receive, regardless of whether you authorized the Sender to send them to you. Please contact us at the Contact Number if you receive funds in your Account incorrectly. Most transfers of money through the Zelle® Payment Service to your Eligible Transaction Account from other Users will occur within minutes. There may be other circumstances when the payment may take longer (see Section III.D.2.e.1 (Zelle® Payment Service) below). For example, in order to protect you, us, Zelle® and the other Network Financial Institutions, we or Zelle® may need additional time to verify your identity or the identity of the person sending the money. We may also delay or block the transfer to prevent fraud or to meet our regulatory obligations. There may be a delay between the time you are notified of the pending Payment Instruction and the deposit of the payment funds into your Eligible Transaction Account, such as if we have questions regarding possible fraud in connection with the payment, and you may be required to take additional steps to facilitate the deposit of the payment. If we delay or block a payment that you have initiated through a request for money, we will notify you in accordance with your User preferences (i.e., email, text message). You authorize the Sender, the financial institution which holds the Sender's Eligible Transaction Account, us (including through the Website or the Mobile App), and Zelle® to send emails to you and text messages to your mobile phone in connection with the Sender's initiation of Payment Instructions to you, and, as a Receiver, you may receive Zelle® Payment Requests, from others through the Zelle® Payment Service. If you are receiving a pa...
Receiving Money. (i) You authorize us to accept, on your behalf, all payments sent to you through the PTPP Service. Once a sender initiates a transfer of money to your e-mail address or mobile phone number registered with the PTPP Service, you have no ability to stop or cancel the transfer. By using the PTPP Service, you agree and authorize us to initiate credit entries to the primary or default account you have registered for the PTPP Service. For avoidance of doubt, payments sent to you will be Cancelled if you have not designated any Pacific Crest Account as the primary or default account for the PTPP Service.
(ii) If you are receiving a payment from a business or government agency, your payment will be delivered in accordance with both this Agreement and the procedures of the business or government agency that is sending you the payment.
(iii) Notwithstanding anything set forth in this Agreement, processing times vary depending on registration and information provided by the sender and recipient. We will automatically begin the delivery process and send notice of a transfer to the recipient on the Send On date. We will continue our attempts by sending a second notice of a transfer to the recipient, and providing the recipient a period of nine (9) succeeding Business Days to register in the PTPP Service, or the person-to-person payment service of a Network Bank. At the end of this period, if the recipient still has not registered, the transfer request will be Cancelled. The sender may cancel the transfer at any time during this ten (10) day period if the recipient is not registered at the time of cancellation. During this period, a hold may be placed on the sender’s account for the amount of the transfer. Once the recipient has successfully enrolled, transfers will automatically be debited from the sender’s account and deposited in the recipient’s account.
(iv) The recipient may not initiate a transfer of funds from a third party’s Pay From Account to the recipient’s Pay To Account. You may however send an e-mail via the PTPP Service to request money from a third party if you have a valid e-mail address for such third party.
(v) As a recipient or sender of any transfer using the PTPP Service, you acknowledge and agree that we may delay, block or cancel a payment, charge back and/or put a hold on the amount of such payment to the Pay From Account or other account as we determine in our discretion or claim a refund from you for such amount for various reasons including fr...
Receiving Money. You may receive money from another User at their initiation. Once a User initiates a transfer of money to your email address or U.S. mobile phone number enrolled with the Service, you have no ability to stop the transfer. By using the Service, you agree and authorize us to initiate credits to the Account you have enrolled. Most transfers of money to you from other Users will occur in minutes, but there may be circumstances when the payment may take longer. We or Zelle may need additional time to verify your identity or the identity of the User sending the money before crediting your Account. We may also delay or block the transfer to prevent fraud or to meet our regulatory obligations. If we block a payment that you have initiated through a request for money, we will notify you. We shall have no liability to you for any such transfers of money, including without limitation, (i) any failure through no fault of us to complete a transaction in the correct amount, or (ii) any related losses or damages. If you are receiving a payment from a business or government agency, your payment will be delivered in accordance with both these Terms and Conditions and the procedures of the business or government agency that is sending you the payment.
Receiving Money. 6.1 You can receive money into your CAPAY Account. You can receive money into your CAPAY Account using methods which we support from time to time.
6.2 The money received is shown in your CAPAY Account. Any money you receive into your CAPAY Account will be recorded in the transaction history section of your CAPAY Account. You should check the incoming funds in your CAPAY Account against your own records regularly and let us know if there are any irregularities.
6.3 The money received may be subject to reversal. You acknowledge that the money received in your CAPAY Account ("Received Amount") may be subject to reversal and you agree that we may deduct the Received Amount from your CAPAY Account if it was reversed by the person who paid you the Received Amount or any relevant payment services provider.
Receiving Money. 6.1 You can receive money into your CAPAY Account. You can rqcqivq monqy into your CAPAY Account using mqthods which wq support from timq to timq.
6.2 The money received is shown in your CAPAY Account. Any monqy you rqcqivq into your CAPAY Account will bq rqcordqd in thq transaction history sqction of your CAPAY Account. You should chqck thq incoming funds in your CAPAY Account against your own rqcords
6.3 The money received may be subject to reversal. You acknowlqdgq that thq monqy rqcqivqd in your CAPAY Account ("Received Amount") may bq subjqct to rqvqrsal and you that wq may dqduct thq Rqcqivqd Amount from your CAPAY Account if it was rqvqrsqd by thq pqrson who paid you thq Rqcqivqd Amount or any rqlqvant paymqnt sqrvicqs providqr.
Receiving Money. Once a User initiates a Transfer of money to your email address or mobile phone number enrolled with the Service, you have no ability to stop the Transfer. By using the Service, you agree and authorize us to initiate credit entries to the bank account you have enrolled. Most Transfers of money to you from other Users will occur within minutes. There may be other circumstances when the Payment may take longer. For example, in order to protect you, us, ▇▇▇▇▇ and the other Network Banks, we may need or Zelle may need additional time to verify your identity or the identity of the person sending the money. We may also delay or block the Transfer to prevent fraud or to meet our regulatory obligations. If we delay or block a Payment that you have initiated through a request for money, we will notify you by email. We will notify you if we delay or block a Payment you have requested using the Service. If you are receiving a Payment from a business or government agency, your Payment will be delivered in accordance with both this Agreement and the procedures of the business or government agency that is sending you the Payment.