Common use of Rejection of Payment Clause in Contracts

Rejection of Payment. 4.2.1 Notwithstanding anything contained anywhere in this Agreement, the Merchant hereby fully confirms and agrees that ▇▇▇▇▇ and the Acquiring Bank reserves the right to reject payment in respect of the Transactions where: I. The Product or Service is not as promised or is defective or is not delivered within Delivery Due Date; or II. If any direction is received from the Customer with respect to withhold payment or reject payment (whether such direction is received before crediting the amount to the account of the Merchant or anytime afterwards); or III. If the Valid Card / Login ID/Password/ PIN is stolen or lost or the Transaction was not authorised by the Customer; or IV. The transaction status message from/to Merchant or from/to WEIPL or from/to Acquiring Bank is illegally tampered with or hacked; or V. Payment in respect of the Transaction has already been received by the Merchant from the Customer or on Customer’s behalf; or VI. In case the Transaction is illegal or the Transaction involves payment for prohibited or illegal purposes or is prejudicial to public interest; or VII. Fraud or negligence by the Merchant or the Customer; or VIII. The Merchant fails to comply with any of the terms and conditions contained herein.

Rejection of Payment. 4.2.1 Notwithstanding anything contained anywhere in this Agreement, the Merchant hereby fully confirms and agrees that ▇▇▇▇▇ WEPL and the Acquiring Bank reserves the right to reject payment in respect of the Transactions where: I. (i) The Product or Service is not as promised or is defective or is not delivered within Delivery Due Date; or II. (ii) If any direction is received from the Customer with respect to withhold payment or reject payment (whether such direction is received before crediting the amount to the account of the Merchant or anytime afterwards); or III. (iii) If the Valid Card / Login ID/Password/ PIN is stolen or lost or the Transaction was not authorised by the Customer; or IV. (iv) The transaction status message from/to Merchant or from/to WEIPL WEPL or from/to Acquiring Bank is illegally tampered with or hacked; or V. (v) Payment in respect of the Transaction has already been received by the Merchant from the Customer or on Customer’s behalf; or VI. (vi) In case the Transaction is illegal or the Transaction involves payment for prohibited or illegal purposes or is prejudicial to public interest; or VII. (vii) Fraud or negligence by the Merchant or the Customer; or VIII. (viii) The Merchant fails to comply with any of the terms and conditions contained herein.