From time to time obligations may arise under the merchant services agreement requiring payment to be made by the merchant back to Zip. Such occasions can include the event of a refund being processed after disbursement has taken place, and no subsequent orders occurring to recoup the funds.
By authorising this direct debit request and signing this agreement, you give permission for us to debit funds from your nominated bank account for amounts owing pursuant to the Merchant Services Agreement without having to invoice you for any amount outstanding.
This process only occurs if the amount outstanding is greater than 30 days.
You can find the Direct Debit Agreement here.