By using Stripe services, you agree to Stripe and its affiliates’ right to debit your User Bank Account and you authorize Stripe and its affiliates to debit your User Bank Account to collect any fees owed or other amounts due to Stripe or its affiliates or to credit or transfer funds to any of your accounts maintained with Stripe or its affiliates. Your authorization to Stripe and its affiliates extends to any bank account that you link to Stripe services (i.e. any User Bank Account). Your authorization is in complete compliance with any applicable bank debit rules and you agree to comply with applicable bank debit rules, including the applicable debit scheme authorization and mandate language included below. Your authorization to debit any of your User Bank Accounts includes the specific mandate or authorization language for the specific debit scheme that covers your bank account (e.g. for US bank accounts the ACH/Nacha language will apply, for CA bank accounts the ACSS language will apply and for GB bank accounts the Bacs language will apply). You further are responsible for ensuring that your User Bank Account can accept the applicable country scheme debits (e.g. ACH for US bank accounts, ACSS for CA bank accounts, etc.). The debit scheme language for each bank scheme is incorporated into your authorization to Stripe and Stripe’s affiliates to debit any of your User Bank Accounts with the same force and effect as if you had signed a paper and obtained a hard copy containing the same terms. You will ensure that your User Bank Account has sufficient funds to allow for a debit. If a debit is returned to Stripe because your User Bank Account has insufficient funds, it is your responsibility to fund your User Bank Account so that we can re-process the debit.
US Bank Accounts (ACH/Nacha)
ACH Authorization
I authorize Stripe and Stripe’s Affiliates to periodically debit any of the US User Bank Accounts for any amount owed to Stripe or Stripe’s Affiliates under the Stripe Services Agreement or to credit or transfer funds to any of my accounts maintained with Stripe or Stripe’s Affiliates, until this authorization is revoked. I waive any prior notice requirements for Stripe and/or Stripe Affiliates to provide me or my company with notice of a debit for amounts owed to Stripe or Stripe’s Affiliates or amounts used to credit or transfer funds to any of my accounts with Stripe or Stripe’s Affiliates. I confirm that I am the only person required to authorize debits from the User Bank Accounts. I understand that Stripe and Stripe Affiliates will only debit the User Bank Account in accordance with the Stripe Services Agreement or as otherwise agreed between Stripe or Stripe’s Affiliates and me. I may amend or cancel this authorization at any time by providing Stripe with 30 days’ notice.
ACSS Authorization - Pre-Authorized Debit Agreement
You authorize Stripe to initiate debit and credit entries to the User Bank Account maintained by you at an institution that is a member of the Canadian Payments Association, doing business as Payments Canada, in each case, in accordance with the Stripe Services Agreement and this Pre-Authorized Debit Agreement (this “PAD Agreement”).
PAD Category: You agree that any debit withdrawal by Stripe in accordance with the Stripe Services Agreement is a pre-authorized debit (“PAD”) for business purposes, as defined under Rule H1 of Payments Canada.
PAD Amount and Timing: The amount of any PAD will vary and be based on the amount owed by you from time-to-time under the Stripe Services Agreement. The timing of issuance of each PAD will be triggered by the amount becoming due by you to Stripe under the Stripe Services Agreement.