Inward Payment definition

Inward Payment means funds received into our bank account, either originating from a Buyer or you, with a reference identifying you as the intended recipient and beneficiary.
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Inward Payment means funds received into a Client Payments Account originating from a Buyer in respect of a Transaction identifying Client or Xplor as the intended recipient and beneficiary in accordance with a Direct Debit Mandate or other payment instruction pursuant to an Other Payment Service. Kiosk means an authorised point-of-sale payments terminal and any associated equipment or device(s). Liabilities means any and all costs, losses, liabilities, obligations, damages, deficiencies, penalties, fines, interest and expenses.
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Inward Payment means funds received into a Citcon bank account, either originating from a Buyer or Merchant, with a reference identifying Merchant as the intended recipient and beneficiary.
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Examples of Inward Payment in a sentence

  • Notwithstanding paragraph 3.3 above, in some cases we will make an Outward Payment on the receipt of confirmation from an Alternative Payment Provider that the Inward Payment is Authorised or in progress, but before the Inward Payment is actually received by us.

  • In addition, if we inform you that we have been informed by an Alternative Payment Provider that an Inward Payment is Authorised or in progress and you then act on that information to your detriment, where the Inward Payment is not then made to or received by Worldpay you will have no Claim against us and will hold us harmless against any related Claims or Losses.

  • If any such Inward Payment is not actually received by us in full (whether because it is reversed or otherwise) but we have already made an Outward Payment against it then you will reimburse Worldpay by returning an amount equalling the Outward Payment without delay to us, indemnifying us for the amount of the Outward Payment in full.

  • In addition, if we inform you that we have been informed by an APM Provider that an Inward Payment is Authorised or in progress and you then act on that information to your detriment, where the Inward Payment is not then made then you will have no claim against us and will hold us harmless against any related claims or Losses.

  • If any such Inward Payment is not actually made to us (whether because it is reversed or otherwise) but we have already made an Outward Payment against it then you will return an amount equalling the Outward Payment without delay to us, indemnifying us for the amount of the Outward Payment in full.

  • Notwithstanding paragraph 4 above, in some cases we will make an Outward Payment on the receipt of confirmation from an Alternative Payment Provider that the Inward Payment is Authorised or in progress, but before the Inward Payment is actually received by us.

  • If the Client has selected to receive, and Vitesse has agreed to provide the Inward Payment Service, additional terms might apply.

  • Citcon will value date and credit the Merchant Account with the value of an Inward Payment on the day on which Citcon receives the Inward Payment.

  • If a Payment is effected other than in the designated currency of the relevant Citcon bank account, then in order to make the relevant credit or payment, as the case may be, Citcon will convert the relevant value either into the currency of the relevant Citcon bank account (for an Inward Payment) or into the requested currency of the Outward Payment, as applicable, in each case by reference to the exchange rate applicable.


More Definitions of Inward Payment

Inward Payment means funds received into a Client Payments Account originating from a Buyer in respect of a Transaction identifying Client or Xplor as the intended recipient and beneficiary in accordance with a Direct Debit Mandate or other payment instruction pursuant to an Other Payment Service. Kiosk means an authorised point-of-sale payments terminal and any associated equipment or device(s). Liabilities means any and all costs, losses, liabilities, obligations, damages, deficiencies, penalties, fines, interest and expenses. Minimum Period means the period of six (6) months from and including the date that the first Transaction is processed hereunder.
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