VGSI definition
Examples of VGSI in a sentence
You agree and understand that you will include with such instructions to each Payer an explanation that ▇▇▇▇▇’s funds owed to you are being received by VGSI on your behalf, and that the receipt of the funds by VGSI shall be deemed the receipt of funds by you.
In accepting this appointment as your limited payments agent, you agree that VGSI assumes no liability for any of your acts or omissions, and you understand that the obligation of VGSI to settle funds in accordance with this provision is subject to and conditional upon the Payer’s actual payment and the terms of this Schedule.
You further agree and understand that the receipt of funds by VGSI from such third party Payers, pursuant to instructions you have provided, satisfies the Payer’s obligation to you.
You agree and understand that such funds received on your behalf shall be deemed received by VGSI with the automatic instruction to settle such funds you.
You may then provide instructions to your Payers to use the Payers’ own banks or similar financial institutions to send funds to VGSI to be received on your behalf.
You agree and understand that you will include with such instructions to each Payer an explanation that ▇▇▇▇▇’s funds owed to your End Customer are being received by VGSI on your End Customer’s behalf, and that the receipt of the funds by VGSI shall be deemed the receipt of funds by your End Customer.
VGSI reserves the right to establish a different limit at its sole discretion.
This Form provides VGSI authorization to debit your account through an ACH pull transaction.
An Account Authorization Form will need to be completed for each account you would like VGSI to be able to debit.
VGSI will provide to you and/or your End Customer Virtual IBANs and/or virtual sort codes and Account Numbers solely for the purpose of the collection of funds for this Spark Service.