Bill Payment Agreement Template for England and Wales

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Bill Payment Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Bill Payment Agreement

"I need a Bill Payment Agreement for my fintech startup to process customer payments through multiple payment providers, with specific focus on data protection and cybersecurity requirements, planned to go live by March 2025."

What is a Bill Payment Agreement?

The Bill Payment Agreement is essential for businesses operating in the UK that handle payment processing services. This document, governed by English and Welsh law, is typically used when establishing a formal arrangement between payment service providers and businesses that need to process customer payments. The agreement ensures compliance with UK financial regulations, including the Payment Services Regulations 2017 and anti-money laundering requirements, while defining operational procedures, fees, and service levels.

What sections should be included in a Bill Payment Agreement?

1. Parties: Identifies and defines the contracting parties to the bill payment agreement

2. Background: Sets out the context and purpose of the bill payment arrangement

3. Definitions: Defines key terms used throughout the agreement including payment terms, services, and other important concepts

4. Payment Terms: Details of payment amounts, schedules, methods, and processing requirements

5. Service Description: Comprehensive description of the bill payment service being provided

6. Duration: Term of the agreement including commencement date and renewal provisions

7. Termination: Conditions and process for ending the agreement, including notice periods

What sections are optional to include in a Bill Payment Agreement?

1. Data Protection: Provisions for handling personal data in compliance with UK GDPR and Data Protection Act 2018

2. Anti-Money Laundering: Compliance requirements with Money Laundering Regulations for high-value or regular payments

3. Service Levels: Performance metrics and standards for business-to-business agreements

What schedules should be included in a Bill Payment Agreement?

1. Fee Schedule: Detailed breakdown of all fees and charges associated with the bill payment service

2. Service Level Agreement: Detailed performance metrics, service standards and remedies

3. Processing Requirements: Technical specifications and requirements for payment processing

4. Data Processing Agreement: Detailed procedures and responsibilities for handling personal data

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Industries

Payment Services Regulations 2017: Primary UK legislation governing payment services, implementing EU PSD2. Sets requirements for payment service providers, transparency, and consumer rights in payment transactions.

Financial Services and Markets Act 2000: Fundamental legislation regulating financial services in the UK, establishing regulatory framework and authority of financial regulators.

Money Laundering Regulations 2017: Regulations setting out anti-money laundering requirements and due diligence procedures for financial transactions.

Consumer Rights Act 2015: Key consumer protection legislation covering contracts for goods and services, unfair terms, and consumer rights.

Consumer Protection from Unfair Trading Regulations 2008: Protects consumers from unfair commercial practices, misleading actions or omissions in business transactions.

Consumer Contracts Regulations 2013: Regulates distance selling and off-premises contracts, including cancellation rights and information requirements.

UK General Data Protection Regulation: Post-Brexit version of GDPR, governing how personal data must be handled, processed, and protected.

Data Protection Act 2018: UK's implementation of data protection standards, working alongside UK GDPR to regulate personal data processing.

Contracts (Rights of Third Parties) Act 1999: Governs how third parties may enforce terms of a contract to which they are not direct parties.

Late Payment of Commercial Debts (Interest) Act 1998: Sets statutory interest rates and compensation for late payment of commercial debts.

Unfair Contract Terms Act 1977: Regulates contracts by restricting how businesses can avoid liability through contract terms.

Electronic Communications Act 2000: Provides legal framework for electronic signatures and electronic communications in contracts.

Electronic Commerce (EC Directive) Regulations 2002: Regulates electronic commerce and digital contracts, including information requirements for online service providers.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Letter Of Payment Agreement

A legally binding document under English and Welsh law that formalizes payment terms and schedules between parties.

find out more

Payment Agreement Contract

A legally binding template for structured payment arrangements under English and Welsh law.

find out more

Final Payment Agreement

A legally binding document under English and Welsh law that sets out the terms and conditions for a final payment between parties.

find out more

Bill Of Sale With Payment Plan

A legal document under English and Welsh law that transfers property ownership while establishing structured payment terms between seller and buyer.

find out more

Tenant Payment Plan Agreement

An England & Wales agreement outlining tenant repayment terms for outstanding rent under financial hardship conditions.

find out more

Installment Agreement For Business

An England & Wales agreement structuring business transactions with periodic payments and legal compliance.

find out more

Debt Payment Plan Agreement

An England & Wales legal document outlining terms for business entity ownership transfer and compliance.

find out more

Car Purchase Installment Agreement

An England & Wales legal document outlining vehicle sale terms with deferred payment arrangements.

find out more

Car Installment Agreement

An England & Wales agreement defining commission-based sales relationships between principals and independent agents.

find out more

Electronic Payment Agreement

A contract governing electronic payment processing services under English and Welsh law, establishing terms for secure transaction processing and regulatory compliance.

find out more

Individual Payment Agreement

A legally binding agreement under English and Welsh law that establishes terms and conditions for payments between parties.

find out more

Bill Payment Agreement

A legal agreement under English and Welsh law establishing terms for processing bill payments between service providers and clients.

find out more

Income Payment Agreement

A formal agreement under English and Welsh law between a bankrupt individual and their trustee/official receiver for making regular payments from income to the bankruptcy estate.

find out more

Debt Payment Agreement Form

A formal agreement under English and Welsh law documenting debt repayment terms between creditor and debtor.

find out more

Repayment Plan Agreement

An English law agreement establishing terms for structured debt repayment between creditor and debtor.

find out more

Private Car Sale Installment Agreement

An English law agreement governing the sale of a private vehicle through installment payments.

find out more

Car Sale Installment Agreement

An English law agreement enabling vehicle purchase through structured installment payments, outlining sale terms and protecting both parties' interests.

find out more

Patient Payment Agreement Form

A legally binding agreement under English and Welsh law that establishes payment terms between healthcare providers and patients for medical services.

find out more

Installment Agreement Form

A legally binding document under English and Welsh law that structures debt repayment through scheduled installments.

find out more

Installment Payment Agreement

A contract governed by English and Welsh law that establishes terms for paying a sum in regular installments.

find out more

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.