9. April 2021 Credit Card Processing Services Agreement Paypal “Chargeback Loss” refers to (i) the amount of the refund, (ii) all fees charged by the credit card association or the bank concerned for the refund, and (iii) any other loss or damage related to the refund. measures to ensure that authorized persons can only access data under their jurisdiction when they use an automated data processing system (for example). Some user accounts); “payer registration information,” a person who proposes to act as a payer, the name of that person (1); (2) phone number; (3) e-mail address; (4) the credit card address; (5) credit card information (card combination, card number and expiry date); (6) the address of the internet newspaper; and (7) this additional information that wells Fargo Bank can reasonably request. All customer data is owned by the distributor and the distributor grants Braintree an indefinite period of time, global and free, irrevocable, sub-licensed, sub-licensed, free, for use, reproduction, electronic distribution and display of customer data for the following purposes: (i) provision and enhancement of braintree payment services, including the collection, processing and use of customer data for braintree purposes that anti-fraud tools provide and enhance in the context of braintree payment services; (ii) internal use, including, but not limited, data analysis and measurements, provided that this customer data is anonymized and aggregated with other customer data; (iii) compliance with applicable legal requirements and assistance to law enforcement agencies by responding to requests for disclosure of information, in accordance with local law; and (iv) all other purposes for which the client has given consent. The distributor undertakes to forward all of the above notifications and to obtain all necessary consents to use Braintree`s customer data mentioned above. “PayPal a user agreement,” the agreement between PayPal and a customer whose form, as it exists at all times, is published on the PayPal website, which defines the terms of use between PayPal and its customers. Section 5.1 Charges. In return for Wells Fargo Bank`s credit card payment settlement services in connection with this sub-activity and the performance of its other duties by Wells Fargo Bank, wells Fargo Bank PayPal pay Schedule B fees for each transaction processed by Wells Fargo Bank. Wells Fargo Bank undertakes to provide, PayPal, a reduction in the balance of funds held or placed by PayPal in the PayPal Wells Fargo Bank`s main operating account, through a credit on the fees payable under this agreement, an amount of an amount and by agreed procedures; However, if Wells Fargo Bank`s commitment to reduce the clearing balance is contingent on Wells Fargo Bank`s well-founded finding that such a reduction in the compensatory balance (a) may be made within the settlement timeframe set out in this section 5.1 and b) does not cause any additional disadvantage or loss for another division or entity of The Wells Fargo Bank. These fees complement PayPal`s commitment to reimburse Wells Fargo Bank for compensation, exchanges and expenses covered by Section 5.2 of this agreement. Wells Fargo Bank will provide PayPal within the days following the end of each calendar month, an appropriate detailed calculation of the fees payable for that calendar month (a “royalty calculation statement”). Wells Fargo Bank is entitled to deduct from the balance of the operating account PayPal the payment of royalties, in accordance with the royalty statement, at any time after 2:00 P.M P.M, Pacific Time, on the second business day after PayPal received the corresponding royalty statement. NomikAdmin 9. April 2021 Previous Post Next Post