I find item 9 and 12 on Yahoo's Paydirect TOS conflicting. Can someone explain to me if they protect a seller (or recipient of a payment)from
charge back or not?
It seems they are just covering their a$$.
Thanks.
ITEM 9
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9. Limits on Disputes. Please note that the funding of your PayDirect Account is a separate transaction from any Payment you decide to make, even if you fund your PayDirect Account at the same time that you order a Payment. You may not dispute or charge back a transaction used to fund your PayDirect Account on the basis of any dispute you have with a Recipient over the amount owed, the quantity, quality and safety of goods or services purchased, whether or not goods or services have been shipped, received or performed, or any other aspect of your relationship with a Recipient.
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ITEM 12
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12. Receiving a Payment. After a Recipient receives notification that a Payment is available, he or she can receive the Payment by instructing the Bank to credit the funds from the Payment to his or her PayDirect Account. If the Recipient does not have a PayDirect Account, he or she must open a PayDirect Account into which the Payment may then be received. Payments are not considered received until the Recipient has instructed the Bank via the appropriate screens on the PayDirect website to credit the funds to the Recipient's PayDirect Account.
The Bank?s obligation to a Recipient is strictly limited to executing Payment instructions given by the Sender. If you are a Recipient, you assume all liability and risk in accepting a Payment from a Sender, including but not limited to any liability or risk that (i) the Sender improperly funded or directed the Payment, (ii) you may have to return the Payment to the Sender for any reason, (iii) you may later be legally required to turn the Payment over to a court or another person, or (iv) the Payment was illegally made. You agree that you will not hold either the Bank or Yahoo! responsible or liable for any losses or damages suffered by you in accepting any Payments.
If a Sender makes a claim that a Payment credited to a Recipient's PayDirect Account was unauthorized or charges back, rejects or otherwise disputes a funding transaction, the proceeds of which were used to fund a Payment, the Bank may debit the Payment from the Recipient's PayDirect Account and/or hold the funds pending resolution of the claim. The Bank will notify the Recipient if it reverses a Payment credited to the Recipient's PayDirect Account or imposes a hold on the Recipient's Account.
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charge back or not?
It seems they are just covering their a$$.
Thanks.
ITEM 9
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9. Limits on Disputes. Please note that the funding of your PayDirect Account is a separate transaction from any Payment you decide to make, even if you fund your PayDirect Account at the same time that you order a Payment. You may not dispute or charge back a transaction used to fund your PayDirect Account on the basis of any dispute you have with a Recipient over the amount owed, the quantity, quality and safety of goods or services purchased, whether or not goods or services have been shipped, received or performed, or any other aspect of your relationship with a Recipient.
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ITEM 12
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12. Receiving a Payment. After a Recipient receives notification that a Payment is available, he or she can receive the Payment by instructing the Bank to credit the funds from the Payment to his or her PayDirect Account. If the Recipient does not have a PayDirect Account, he or she must open a PayDirect Account into which the Payment may then be received. Payments are not considered received until the Recipient has instructed the Bank via the appropriate screens on the PayDirect website to credit the funds to the Recipient's PayDirect Account.
The Bank?s obligation to a Recipient is strictly limited to executing Payment instructions given by the Sender. If you are a Recipient, you assume all liability and risk in accepting a Payment from a Sender, including but not limited to any liability or risk that (i) the Sender improperly funded or directed the Payment, (ii) you may have to return the Payment to the Sender for any reason, (iii) you may later be legally required to turn the Payment over to a court or another person, or (iv) the Payment was illegally made. You agree that you will not hold either the Bank or Yahoo! responsible or liable for any losses or damages suffered by you in accepting any Payments.
If a Sender makes a claim that a Payment credited to a Recipient's PayDirect Account was unauthorized or charges back, rejects or otherwise disputes a funding transaction, the proceeds of which were used to fund a Payment, the Bank may debit the Payment from the Recipient's PayDirect Account and/or hold the funds pending resolution of the claim. The Bank will notify the Recipient if it reverses a Payment credited to the Recipient's PayDirect Account or imposes a hold on the Recipient's Account.
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