Common use of Processing Payments Clause in Contracts

Processing Payments. For electronic payments, we will deduct the amount of your payment from your account on or after the scheduled payment date. To ensure that your check payments arrive on time, you must schedule payments to be processed at least six (6) business days before the Delivery By date. This generally allows sufficient time for the payee to receive and post the check payment. We will deduct the amount of your payment from your account when the check clears your account. We are not responsible for postal delays, processing delays by the payee, or checks lost in the mail. Occasionally a payee may choose not to participate in the services, or may require additional information before accepting payments electronically. We may always refuse to make payments to certain payees.