Pay In Service definition

Pay In Service means such services provided by Nium which enables the Client to (a) receive a Pay In in a Supported Currency from a Payer and maintain such Pay In in USD; and (b) exchange the Pay In from a Supported Currency to USD
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Pay In Service means such services provided by the Program Bank which enables the Client to (a) receive a Pay In in a Supported Currency from a Payer and maintain such Pay In in USD; and (b) exchange the Pay In from a Supported Currency to USD
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Examples of Pay In Service in a sentence

  • Subject to payment of fees and these Terms, we agree to enable such payment service (Pay In Service) to you whereby you may (a) provide funds for the use of Pay Out Service; (b) receive funds in a currency supported by us (Supported Currency) from a third party approved by us (Payer) (services under paragraph (a) and (b) are collectively referred to as "Pay In”); and (c) exchange funds from one Supported Currency to another Supported Currency; and (d) maintain funds in a Supported Currency.

  • You agree that we may from time to time, establish and withhold from any funds received pursuant to the Pay In Service, such reserve amounts (Reserves) to cover amounts owed to us under these Terms (including but not limited to fees, refunds or reversals).