Universal Mail Payment Method Agreement

”Recipient” means a user, merchant, invoice issuer or third party who receives payment from the Sender. Unless Google or its affiliate is the publisher, neither Google nor its affiliates are parties to the Terms of Service, Privacy Policy, or other terms of use of your payment methods. Nothing in these Google Pay Combined Terms of Service modifies these Issuer Terms. In the event of any conflict between these Combined Google Pay Terms of Service and your issuer`s terms or privacy policy, these Combined Google Pay Terms govern the relationship between you and Google with respect to Google Pay, and your issuer`s terms govern the relationship between you and the issuer. Google makes no representations or verifies that any of your payment methods are in good condition or that your payment method issuer authorizes or approves a transaction with a merchant or transit provider when you use Google Pay for that transaction. Presentation of the invoice. Once you`ve registered an invoice issuer in your Google Pay app, you can view your current and future billing information or eligible top-up plans or statements from that biller as soon as they`re available. Be sure to check your billing details carefully before making any payment. In case of discrepancy, please contact your invoice issuer.

Carefully review your loan application. You are responsible for ensuring that you understand and carefully review all the terms of the loan agreement, including the interest rate, EMI plan and other credit facility fees, before completing and submitting the application. Please be sure to review and confirm any credit facility information that you have provided by you or the credit institution as part of the credit facility application. Please note that the final amounts of the EMI, service fee and stamp duty are determined by the credit institution. Google is not responsible for any errors or inconsistencies you have confirmed during the application process or the execution of the credit agreement. For any correction of discrepancies, you must contact the bank directly. ”User” means a person who signs up for the Google Pay Services to send or receive payments. Invoice reminders. In addition to your own records of bill payment requirements, Google Pay can also send you reminders to pay your bill.

This will help you plan to pay your bills on time. If you are a recipient, you expressly agree that Google may store your information, including bank account number, on Google Pay in order to send you payments. Mechanics of payment transactions. Payment transactions or any communication/offer made via Google Pay take place exclusively between the sender and the recipient of the payment. Google Pay establishes a connection between the sender, recipient and the respective payment system providers in order to facilitate the sending and/or receipt of payments through the services of the payment system provider. Once a payment transaction has been authenticated, authorised and processed through the services of the payment system provider: electronic cheques allow funds to be withdrawn directly from the consumer`s account. Recurring payments can be set up and the consumer`s personal data can be verified immediately. Merchants who choose to accept e-checks benefit from convenient processing that reaches a large number of consumers who do not have a credit card or do not want to use credit cards for payments. Electronic cheques are known to have long clearing times of up to five business days and carry an inherent risk of chargebacks. Cheques that have been reviewed may return after the clearing period as ”insufficient funds,” meaning that the consumer does not have enough funds in their account to pay the balance of the transaction.

Refunds. Refund of the payment amount for bill payment, including mobile top-up or for a payment debited from your account for which bill payment or top-up is not made, will only be made in accordance with the terms or policies of the invoice issuer, and you agree that Google Pay is not responsible for this. ”Sender” means a user who uses the Google Pay Services to send a payment to a recipient. Electronic online banking (OBeP) payments are similar to giro transfers, but are specifically designed for use in online trading. With OBeP, during the online payment process, the merchant redirects the consumer to their financial institution`s online banking website, where they sign up and authorize the fees. Once the fees are authorized, the financial institution redirects the consumer to the merchant`s page. Some services, such as Trustly, allow the merchant to embed an iFrame on their website so that the consumer doesn`t have to leave the page to make a payment. All network communications are protected by industry-standard encryption. In addition, communication with the OBeP network takes place in a virtual private network, not on the public Internet. OBeP systems protect consumers` personal data by not requiring the disclosure of account numbers or other sensitive personal data to online merchants or other third parties.

[1] You acknowledge that Google Pay may receive transaction information, including transaction location information, from your payment method issuer to view richly formatted transaction details and your recent transaction history in Google Pay. A bank transfer (also known as a bank transfer or bank transfer) is a method of transferring money from one person or institution (entity) to another. A transfer can be made from one bank account to another bank account or by transferring money to a cashier. A bank transfer is often the most convenient way to transfer money between bank accounts. Transmission messages are sent via a secure system (such as SWIFT or Fedwire) using IBAN and BIC codes. Online bank transfer systems in Europe are popular alternative payment methods where bank transfer is allowed by the consumer, who connects to his bank`s website and allows the transfer of money for payment to a merchant. The most common alternative payment methods are debit cards, payment cards, prepaid cards, direct debit, bank transfers, digital wallets, phone and mobile payments, checks, money orders and cash payments. Unlike traditional credit card transactions, many alternative payments often offer additional security features that protect the merchant from fraud and returned transactions by checking the availability of money and making the payment directly from a bank account. Banks guarantee the funds and since there is no chargeback, traders are often not required to provide a guarantee or hold a reserve. In addition, accounts are validated in real time and fraud modules clean up transactions, in the same way as the approval process with credit cards. ”Bill Payment Services” means the ability made available to Users on Google Pay to view invoices or prepaid plans, make payments to billers, and receive other ancillary services.

European online direct debit solutions are particularly popular due to the lower use of credit cards in Europe compared to other countries such as the United States. Transactions can be approved in real time and funds in 1-3 business days. Chargebacks remain inherently a risk when a consumer`s bank account is debited, however, the use of additional verification systems significantly reduces the risk and many payment processors maintain an extensive fraud database that mitigates the risks. Several billing solutions are specifically designed to enable online merchants to accept alternative payments online and support and access remote markets. .

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