EQUINOX

Pre-Authorized Payment (PAP)

Terms and Conditions

 

1.      This authorization may be cancelled upon notice by me(us) to Equinox Credit Services Inc. (EQUINOX) at least ten (10 ) calendar days before due date of PAP .

 

  1. I(We) acknowledge that provision and delivery of this authorization to EQUINOX constitutes delivery by that bank/financial institution. Any delivery of this authorization to you constitutes delivery by me/us.

 

3.      I(We) acknowledge that this Authorization is provided for the benefit of EQUINOX and any such bank/financial institution is provided in consideration of bank/financial institution agreeing to process debits against my account.

 

4.      EQUINOX will provide notice of PAP debit as follows:

 

·        Monthly reoccurring PAPs: notice of the amount to be debited and the due date(s) of debiting, at least ten (10) calendar days before the due date. This notice will be given on your Monthly Statement. You will receive a receipt by email on execution of the PAP.

 

·        Weekly PAPs: No notice will be given prior to the debit. You will receive a receipt by email on execution of the PAP.

 

 

·        On Demand PAPs, No notice will be given. You will receive a receipt by email on execution of the PAP.

 

 

5.      On Demand PAPs are debited at the start of the next business day of the PAP request.

 

6.      Weekly PAPs are debited at the start of the first business day of the week

7.      I(We) undertake to inform EQUINOX, by the website, electronic mail or telephone, of any change in the account information provided in this authorization ten (10) calendar days prior to the next due date of the PAP.

 

8.      I(We) acknowledge that bank/financial institution is not required to verify that a PAP has been issued in accordance with the particulars of my/our authorization including, but not limited to, the amount.

 

  1. I(We) acknowledge that bank/financial institution is not required to verify that any purpose of payment for which the PAP is issued has been fulfilled by EQUINOX as a condition to honoring a PAP issued or caused to be issued by EQUINOX on my/our account.

 

  1. A PAP will be applied against your Outstanding Balance on the Date the PAP is submitted. The PAP will be held for at least 7 days, before it will be applied against your Available Balance.

 

11. Revocation of this authorization does not terminate any contract for goods or services that exists between me/us and EQUINOX. My/our authorization applies only to the method of payment and does not otherwise have any bearing on the contract for goods or services provided by EQUINOX.

 

12. A PAP may be disputed by me/us under the following conditions:

    1. the PAP was not drawn in accordance with my/our Authorization; or
    2. the authorization was revoked; or
    3. The PAP exceeded the maximum amount specified by me/us
    4. pre-notification was not received for monthly reoccurring.

I(We), in order to be reimbursed, acknowledges that a declaration must be completed and presented to the bank/financial institution holding my/our account up to and including 90 calendar days in the case of a personal household PAP (or up to and including ten (10) business days in the case of a business PAP), after the date on which the PAP in dispute was posted to my/our account. I(We) acknowledge that a claim on the basis that my/our authorization was revoked, or any other reason, is a matter to be resolved solely between EQUINOX and me/us when disputing any PAP after [90 calendar days in the case of a personal/household PAP or 10 business days in the case of a business PAP].

If your PAP is returned for ANY reason a fee of $29.00 may be applied to your account. Also, two NSF automatic debits result in cancellation program.