Question 1

7. What is important with PayTo Agreements?

CLetson · Accepted Answer

All PayTo Agreement contains important details including these:

• name of merchant – in our case this will be GoEscrow Pty Ltd
• maximum amount per PayTo transaction – our default is $10,000
• PayTo Agreement description
• when payments will be made, including start and end dates (if applicable)
• payment frequency (PayTo Agreements with GoEscrow should appear as “ad-hoc” or similar, which means we only charge your bank account when you “FundNow” via PayTo for your specific escrow transaction.

IMPORTANT: You should carefully review the terms of any PayTo Agreement to confirm the details match your expectations. You should never authorise a PayTo Agreement that you did not initiate.

Question 2

7. What is important with PayTo Agreements?

CLetson · Accepted Answer

All PayTo Agreement contains important details including these:

• name of merchant – in our case this will be GoEscrow Pty Ltd
• maximum amount per PayTo transaction – our default is $10,000
• PayTo Agreement description
• when payments will be made, including start and end dates (if applicable)
• payment frequency (PayTo Agreements with GoEscrow should appear as “ad-hoc” or similar, which means we only charge your bank account when you “FundNow” via PayTo for your specific escrow transaction.

IMPORTANT: You should carefully review the terms of any PayTo Agreement to confirm the details match your expectations. You should never authorise a PayTo Agreement that you did not initiate.