Payers. 2.1 You agree and understand that you must provide clear and written instructions to your Payers to use their own bank or similar financial institution to send funds to us. You must provide Payers with enough information to understand that their payments are being processed by us on your behalf, and you will provide Payers with a confirmation receipt of payment when we receive this. 2.2 You authorize us to act as your agent for the limited purposes of receiving, holding and disbursing to your Currencycloud Account funds from the Currency Collection Services received from Payers on your behalf. You agree and understand that when funds are received by us from a Payer on your behalf according to instructions you have provided to the Payer, this satisfies the Payer’s obligation to you.
Appears in 3 contracts
Sources: Terms of Service, Terms of Service, Terms of Service