Common use of Disputes and Chargebacks Clause in Contracts

Disputes and Chargebacks. 11.1 You agree that in the event of a Chargeback, Yoco may – 11.1.1 withhold the full value of the Chargeback amount in the Reserve Account, subject to clause 11.2; 11.1.2 adjust the fees set out in the Fee Schedule; 11.1.3 delay the payment of any settlement amounts into your Bank Account; 11.1.4 terminate, modify or suspend your access to the Services; and/or 11.1.5 debit the amount of any Chargeback and any associated fees, fines, or penalties applicable or imposed by any Association or any Third Party Service Provider from your Merchant Account (including without limitation any Reserve Account), any settlement funds due to you. 11.2 For purposes of clause 11.1.1, Yoco may withhold the amount of the potential Chargeback from settlements due to you until such time that – 11.2.1 a Chargeback is finally assessed in favour of a Cardholder, in which case Yoco will retain such funds;

Disputes and Chargebacks. 11.1 You agree that in the event of a Chargeback, Yoco may – 11.1.1 withhold the full value of the Chargeback amount in the Reserve Account, subject to clause 11.2; 11.1.2 adjust the fees set out in the Fee Schedule; 11.1.3 delay the payment of any settlement amounts payouts into your Bank Account; 11.1.4 terminate, modify or suspend your access to the Services; and/or 11.1.5 debit the amount of any Chargeback and any associated fees, fines, or penalties applicable or imposed by any Association or any Third Party Service Provider from your Merchant Account (including without limitation any Reserve Account), any settlement funds payouts due to you. 11.2 For purposes of clause 11.1.1, Yoco may withhold the amount of the potential Chargeback from settlements payouts due to you until such time that – 11.2.1 a Chargeback is finally assessed in favour of a Cardholder, in which case Yoco will retain such funds;