Merchant Debit Authorization

These terms form part of the Shopify Payments Terms of Service and are between you and Shopify International Limited, organized under the laws of Ireland, with offices at 2nd Floor Victoria Buildings 1-2 Haddington Road, Dublin 4, D04 XN32, Ireland ("Shopify"). All capitalized terms used but not defined herein have the same meanings as such terms under the Shopify Payments Terms of Service.

In the event that the net activity in your Payment Processor Account with Adyen is negative or you are required to fund your Adyen Payment Processor Account for any other reason relating to the Shopify Payments Terms of Service (including the Adyen Terms embedded therein), you authorise and request Shopify and Adyen (Creditor ID - NL48ZZZ342764500000), acting as Shopify’s payment service provider, to debit your Payout Account for any amount owed pursuant to the Shopify Payments Terms of Services (including the Adyen Terms), at any frequency. You confirm that you are the only person required to authorise debits from the designated account; or you confirm that you are a representative of the organisation, and you confirm that you have been authorised on behalf of your organisation to authorise Shopify and Adyen to debit your Payout Account. You acknowledge that your acceptance of the Shopify Payments Terms of Service is your agreement to this debit mandate and is representative of your signature as if you had signed this in person.

This authorization applies to debits for any amount due and at any frequency, and you agree to maintain sufficient funds and/or value in the applicable account(s) to permit such debits. You acknowledge you are responsible for ensuring that your accounts can accept the applicable country scheme debits (e.g. SEPA for EU bank accounts).

You agree to receive notice of any debit pursuant to this authorization two days prior to the date of the debit.

SEPA Direct Debit Mandate

By agreeing to the Shopify Payments Terms of Service, you authorise (A) Shopify and Adyen (Creditor ID - NL48ZZZ342764500000), Shopify’s payment service provider, to send instructions to your bank to debit your account and (B) your bank to debit your account in accordance with such instructions. As part of your rights, you are entitled to a refund from your bank under the terms and conditions of your agreement with your bank. A refund must be claimed within 8 weeks starting from the date on which your account was debited. Your rights are explained in a statement that you can obtain from your bank.