When you configure an online payment form using ReceivablesPro Web Payment Pages (See Web Payment Pages in Chapter 8) you need to include Terms and Conditions text as part of the form creation process.
Additionally, in the Settings‐‐> Configuration‐‐> Invoice Settings section, you need to enter Terms of Sale that will govern the invoice payment. (See Invoice Settings in Chapter 8.) These terms of sale will be displayed to your customers when they pay your invoices online.
If you are accepting both credit card and Echeck (ACH) payments, both these areas for entering terms and conditions
must contain authorization language that meets the requirements for both payment types. Sample language is
provided below.
When configuring your Web Payment Page add the following text to the Terms and Conditions field. When entering Terms of Sale for your invoices include the following text. Be sure to use this text in addition to your company’s standard terms and conditions for both fields. Enter your business information in place of the red insert indicators.
I authorize {insert company name} to debit the bank account or credit card indicated in this web formfor the noted amount on today’s date. This payment is for {insert description of goods/services}. I understand that returns, refunds and cancellations are {insert your policy here}. I understand that because this is an electronic transaction, these funds may be withdrawn from my account as soon as the above noted transaction date. In the case of an ACH Transaction being rejected for Non Sufficient Funds (NSF) I understand that the business may at its discretion attempt to process the charge again within 30 days, and agree to an additional {insert $} charge for each attempt returned NSF, which will be initiated as a separate transaction from the authorized payment. I acknowledge that the origination of ACH transactions to my account must comply with the provisions of U.S. law. I certify that I am an authorized user of this credit card or bank account, and that I will not dispute the payment with my Credit Card Company or Bank, so long as the transaction corresponds to the terms indicated in this web form.
NOTE: If you do not want to charge a NSF fee, you can delete this portion of the sample text.
When configuring your Web Payment Page, add the following text to the Terms and Conditions field, in addition to your company’s standard terms and conditions. Enter your business information in place of the red insert indicators.
I authorize {company name} to debit the bank account or credit card indicated in this web form for the noted amount on the schedule indicated. This payment is for {insert description of goods/services}. I understand that returns, refunds and cancellations are {insert your policy here}. I understand that this authorization will remain in effect until the schedule end date, or until I cancel it in writing, which ever comes first, and I agree to notify the business in writing of any changes in my account information or termination of this authorization at least 15 days prior to the next billing date. If the above noted payment date falls on a weekend or holiday, I understand that the payment may be executed on the next business day. I understand that because this is an electronic transaction, these funds may be withdrawn from my account each period as soon as the above noted transaction date. In the case of an ACH Transaction being rejected for Non Sufficient Funds (NSF) I understand that the business may at its discretion attempt to process the charge again within 30 days, and agree to an additional {insert $} charge for each attempt returned NSF which will be initiated as a separate transaction from the authorized recurring payment. I acknowledge that the origination of ACH transactions to my account must comply with the provisions of U.S. law. I certify that I am an authorized user of this credit card or bank account, and that I will not dispute the payment with my Credit Card Company or Bank, so long as the transaction corresponds to the terms indicated in this web form.
NOTE: If you do not want to charge a NSF fee, you can delete this portion of the sample text.