Pre-authorized Debit (PAD) Agreement

Withdrawal Authorization: The Payor (“you”) authorizes Airwallex (Canada) International Payments Limited (“Airwallex”) to initiate debit entries to the account specified (the “Payment Account”), or any other account authorized by you at any institution that is a member of Payments Canada, all in accordance with this PAD Agreement. You confirm that you have authority under the terms of your Payment Account agreement to authorize this debit arrangement. If this PAD Agreement is for a business Payment Account, you confirm that you have the authority to bind the business. By authorizing this PAD Agreement, you acknowledge having received and read a copy of this PAD Agreement, including the terms contained herein; you acknowledge that you understand the terms of this PAD Agreement; and you agree to be bound by the terms of this PAD Agreement.
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Waiver of Pre-notification and Confirmation: The Payor waives any and all requirements for pre-notification or confirmation of any and all such debits. Without limiting the foregoing, you acknowledge that no notice is required for the amount of any PAD (if variable) or changes to the amount of any PAD when the debit of such amount or change in such amount occurs as a result of direct action and/or specific authorization by you (for example, as contemplated under the heading "Timing / Specified Event" in Part C above).Changes to Payment Account: If you change the Payment Account, this PAD authorization will apply to the new account and you shall provide us in writing such information regarding the new account as we deem necessary. Such new account shall thereafter be and become the “Payment Account” for the purpose of this PAD Agreement. It may take us up to 30 business days after receipt of a written notice from you to reflect in our system any change to the Payment Account. If you change the Payment Account, you agree that you are responsible for all costs incurred by us in connection with your decision to change the Payment Account.

‍Change of Other Information: If you change your email address, physical address or any other profile information, you must promptly update your profile on our website and/or provide us with the updated information. We have no responsibility for notices or other information sent to an incorrect address.

‍Cancellation of PAD Agreement: You may revoke, change, or cancel your authorization under this PAD Agreement this PAD authorization upon thirty (30) days’ prior written notice to us. You may obtain a sample cancellation form, as well as further information on your right to cancel a PAD authorization by contacting your financial institution or by visiting www.payments.ca.Upon providing a notice of cancellation or revocation of authority or cancellation or termination of the terms of service or any other agreements under which Airwallex provides products or services to you (the “Airwallex Agreements”), Airwallex will cease issuing PADs in accordance with the termination provisions of the Airwallex Agreements and Rule H1 under the CPA.

‍Recourse/Reimbursement: You have certain recourse rights if any debit does not comply with this PAD Agreement. For example, you have the right to receive reimbursement for any debit that is not authorized or is not consistent with this PAD Agreement. To obtain more information on your recourse rights, you may contact your financial institution or www.payments.ca.

‍Payment Service Provider: In some cases, we are acting as a payment service provider to a Payee and not as the Payee. In such cases, we will be providing any funds debited from the Payment Account to the Payee pursuant to the terms of the Airwallex Agreements and any agreement we may have with the Payee for our provision of payment services to the Payee.

‍Contact Us: If you wish to make enquiries, obtain information, cancel this PAD Agreement or seek recourse with respect to any PAD, you may contact us at support@midaflow.com.