This ACH Debit Authorization (“Authorization”) is provided by you (“Partner,” “you,” or “your”) to InStride Surfaces Inc. (“Company,” “we,” “our,” or “us”). By executing this Authorization, you acknowledge and agree to be bound by the terms and conditions set forth herein and authorize the Company to initiate electronic debit entries to the bank account designated by you, in accordance with the selected Authorization Type. Please review these terms carefully.
ACH Debit Authorization Terms & Agreement
This ACH Debit Authorization (“Authorization”) authorizes InStride Surfaces Inc. (“Company”) to initiate ACH debit(s) from the bank account listed on this form based on the Authorization Type selected.
For one-time authorization, the payment will be processed for the specified invoice or order placed by the Customer (“Partner”), processed by the due date.
For on-going authorization, payments will be processed for all invoices and orders placed by the Customer (“Partner”), processed by the due date. Ongoing payment includes recurring, future, and additional orders unless this authorization is revoked by the Partner in writing at least 5 business days prior to submitting a new order in accordance with NACHA Operating Rules and applicable California law. Revocation does not apply to transactions already initiated or amounts already owed.
The Partner understands and agrees that electronic payments may be initiated under Same-Day ACH in accordance to the Company’s approved payment terms and at the Company’s discretion. The Partner authorizes the Company to reinitiate the debit and/or assess any applicable bank fees for returned or rejected transactions (including NSF, stop payment, or unauthorized return) as permitted by law.
For orders placed under Cash-Before-Delivery (CBD) and Cash-On-Delivery (COD) terms, the Partner understands and agrees the payment must fully clear before shipment or the release of goods, even if an order has been accepted. The Company shall have no obligation to release, ship, or deliver an order until the ACH debit has fully settled and funds are irrevocably credited to the Company’s account. Partner agrees to maintain sufficient funds.
Important
We recommend reviewing these Terms periodically to stay informed of any changes.