Cash Receipt Method definition
Cash Receipt Method means the method wherein the receiver receives payment in cash, as a general rule, by following the appropriate procedure at a Payment Center.
Cash Receipt Method means the method where the Bank transmits to the Alliance Partner payment instructions to arrange the payment of an amount designated by the customer (hereafter referred to as “Transfer Funds”) in the Payout Currency to the receiver, for whom registration procedures have already been completed at the relevant Payment Center. In such case, payment shall be made to the receiver in cash upon the receiver’s completion of the required procedures at the relevant Payment Center, in principle.