Merchant PayNow Transfer definition

Merchant PayNow Transfer means a transfer of funds from any of your Account(s) to a PayNow Registered Merchant via PayNow.

Examples of Merchant PayNow Transfer in a sentence

Before submitting a Transaction Request, you are responsible for checking the relevant name of the PayNow Registered Merchant displayed in the BOC PayNow Service and for ensuring that the relevant PayNow Registered Merchant is the intended recipient of the funds from the Merchant PayNow Transfer.

Once the Transfer Limit has been reached, any subsequent Merchant PayNow Transfer made in excess of this Transfer Limit will either require your OTP or the addition of the relevant PayNow Registered Merchant as an Existing PayNow Merchant under the BOC PayNow Service.