Common use of Service Application Clause in Contracts

Service Application. 5.1. The Merchant must complete the Application Process to apply for the either or all of the Services. 5.2. The Merchant is required to submit the Application together with the Merchant’s FICA Documents and any other supporting documents that VPS may request. 5.3. The Application Process shall require the Merchant to provide: 5.3.1. relevant information that is required to sufficiently identify the Merchant; 5.3.2. Services that the Merchant would like to procure from VPS; 5.3.3. Authorised Person nominated to conduct the Merchant Account; and 5.3.4. Merchant’s nominated Bank Account. 5.4. VPS undertakes to send the Fee Schedule to the Merchant during the Application Process 5.5. If there is any information outstanding during the Application Process, VPS shall request such information from the Merchant. For the avoidance of doubt, VPS shall not approve the Merchant to use the Services if there is information that is outstanding. If information is outstanding for more than one calendar month, the Merchant will be required to submit a new Application with updated information. 5.6. By completing the Application Process, the Merchant makes an offer to do business with VPS and VPS is entitled to decide at its sole discretion whether or not to accept the offer. 5.7. For the purpose of the Application Process, the Merchant hereby authorises and consents to VPS performing an upfront and ongoing credit and regulatory checks on the Merchant, its business and/or any other principal, partner, trustees, members, proprietor, director or owner of the Merchant’s business. 5.8. Once the Application Process is complete, VPS shall: 5.8.1. advise the Merchant in writing of the approval; and 5.8.2. create a Merchant Account on the Merchant Portal for the Merchant; and 5.9. The Merchant warrants that the information it may provide to VPS is true and accurate. 5.10. The Merchant can commence processing Transactions from the Activation Date but such Transaction will not be settled in the Merchant’s Bank Account by VPS until and unless the Merchant’s FICA Documentation has been received, reviewed, approved by VPS.

Service Application. 5.1. The Merchant must complete the Application Process to apply for the either or all of the Services. 5.2. The Merchant is required to submit the Application together with the Merchant’s FICA Documents and any other supporting documents that VPS may request. 5.3. The Application Process shall require the Merchant to provide: 5.3.1. relevant information that is required to sufficiently identify the Merchant; 5.3.2. Services that the Merchant would like to procure from VPS; 5.3.3. Authorised Person nominated to conduct the Merchant Account; and 5.3.4. Merchant’s nominated Bank Account. 5.4. VPS undertakes to send the Fee Schedule to the Merchant during the Application Process 5.5. If there is any information outstanding during the Application Process, VPS shall request such information from the Merchant. For the avoidance of doubt, VPS shall not approve the Merchant to use the Services if there is information that is outstanding. If information is outstanding for more than one calendar month, the Merchant will be required to submit a new Application with updated information. 5.6. By completing the Application Process, the Merchant makes an offer to do business with VPS and VPS is entitled to decide at its sole discretion whether or not to accept the offer. 5.7. For the purpose of the Application Process, the Merchant hereby authorises and consents to VPS performing an upfront and ongoing credit and regulatory checks check on the Merchant, its business and/or any other principal, partner, trustees, members, proprietor, director or owner of the Merchant’s business. 5.8. Once the Application Process is complete, VPS shall: 5.8.1. advise the Merchant in writing of the approval; and 5.8.2. create a Merchant Account on the Merchant Portal for the Merchant; and 5.9. The Merchant warrants that the information it may provide to VPS is true and accurate. 5.10. The Merchant can commence processing Transactions from the Activation Date but such Transaction will not be settled in the Merchant’s Bank Account by VPS until and unless the Merchant’s FICA Documentation has been received, reviewed, approved by VPS.

Service Application. 5.1. The Merchant must complete the Application Process to apply for the either or all of the Services. 5.2. The Merchant is required to submit the Application together with the Merchant’s FICA Documents and any other supporting documents that VPS may request. 5.3. The Application Process shall require the Merchant to provide: 5.3.1. relevant information that is required to sufficiently identify the Merchant; 5.3.2. Services that the Merchant would like to procure from VPS; 5.3.3. Authorised Person nominated to conduct the Merchant Account; and 5.3.4. Merchant’s nominated Bank Account. 5.4. VPS undertakes to send the Fee Schedule to the Merchant during the Application Process 5.5. If there is any information outstanding during the Application Process, VPS shall request such information from the Merchant. For the avoidance of doubt, VPS shall not approve the Merchant to use the Services if there is information that is outstanding. If information is outstanding for more than one calendar month, the Merchant will be required to submit a new Application with updated information. 5.6. By completing the Application Process, the Merchant makes an offer to do business with VPS and VPS is entitled to decide at its sole discretion whether or not to accept the offer. 5.7. For the purpose of the Application Process, the Merchant hereby authorises and consents to VPS performing an upfront and ongoing credit and regulatory checks check on the Merchant, its business and/or any other principal, partner, trustees, members, proprietor, director or owner of the Merchant’s business. 5.8. Once the Application Process is complete, VPS shall: 5.8.1. advise the Merchant in writing of the approvalActivation Date; and 5.8.2. create a Merchant Account on the Merchant Portal for the Merchant; and 5.9. The Merchant warrants that the information it may provide to VPS is true and accurate. 5.10. The Merchant can commence processing Transactions from the Activation Date but such Transaction will not be settled in the Merchant’s Bank Account by VPS until and unless the Merchant’s FICA Documentation has been received, reviewed, approved by VPS.