Examples of Merchant Bank Account in a sentence
You may be required to maintain with your bank an instruction to authorise us to directly debit from the Merchant Bank Account all sums that become due and payable by you to us under or in connection with this Agreement.
Merchant is solely liable for all fees and costs associated with Merchant Bank Account and for all overdrafts.
Merchant agrees not to close the Merchant Bank Account without giving Tyler at least thirty (30) days’ prior written notice and substituting another bank account.
The Reserve Account may be funded by deduction from payments due Merchant, a charge or setoff against Merchant Bank Account, against any of Merchant's accounts at Bank, or a deposit by Merchant.
Tyler shall not be liable for any delays in receipt of funds or errors in bank account entries caused by third parties, including but not limited to delays or errors by the Member Bank or payment processor to Merchant Bank Account.