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Define: Debit Transfer

Debit Transfer means a sequence of transactions, initiated by the payee with the payer's consent, instructing a transfer of funds through payment service providers.

Debit Transfer means a sequence of transactions, initiated by the payee with the payer's consent, instructing a transfer of funds through payment service providers.

Relevant Circumstances

  • Regular payment transactions between a payer and payee
  • Transactions involving financial organizations
  • Any arrangement that calls for multiple transactions

Relevant Sectors

Relevant Contract Types

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