Electronic Funds Transfer Authorization
You authorize Square Capital, LLC (“Square Capital”) to make electronic charges from the debit card you have provided. You understand that these debits will occur monthly in the amount of your scheduled installment payment amount, including any applicable finance charges, and/or fees. You understand that if you miss any payment(s), subsequent debits may incorporate the amount of the missed payment(s), in addition to the amount of the regularly scheduled installment payment amount then due. You also authorize Square Capital to make electronic reversals or credits to your debit cards bank account, as applicable, in the event of an erroneous debit.
Your authorization continues until your installment plan is repaid or until you revoke your authorization. This authorization will remain in effect until you pay off your installment plan or if you otherwise revoke this authorization by notifying Square Capital at [email protected] It may take as long as 10 days for Square Capital to complete your request, so any debit transaction scheduled before that time may be processed. If you revoke your authorization, you must establish an alternative way to repay your installment plan.
You are responsible for fees resulting from unsuccessful payment attempts. If Square Capital debits your debit card and there is a resulting payment decline, there are insufficient funds to cover the amount due, or the payment attempt is otherwise unsuccessful, then Square Capital may reinitiate attempt(s) to debit your debit card; you understand that you are responsible for any fees you may incur as a result of any initial or subsequent attempt(s).