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Payson’s General Terms and Conditions

  • Terms and Conditions for Payment by Invoice
  • Terms and Conditions for Partial Payment by Invoice
  • Terms and Conditions for Partial Payments
  • Terms and Conditions for Card and Direct Debit Payments
  • Policy for Payment via Payson
  • Payson’s Integrity Policy
  • Ex-Ante Information for General Terms and Conditions
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    Payson’s General Terms and Conditions

    Payson AB, Org. No. 556646-2858 (“Payson”), provides a service for intermediating payments related to the trade of goods, services, and other commodities via e-commerce sites (“Service”). The Service allows physical and legal persons who register with Payson (“Members”) to make payments to other Payson Members through the Service. Members can use the Service to both buy and sell. The following general terms and conditions (“Terms and Conditions”) apply to Members’ use of the Service.

    1. Definitions

    In the present Terms and Conditions, the following terms have the specified meanings:
    Service – shall refer to the intermediation of payments and related services for the purpose of simplifying commerce between two private or legal persons.
    Debit Transaction – shall refer to the transfer of funds approved by a Member from his, her, or its Payson account to another Member’s Payson account.
    Payson Account – shall refer to an electronic cash account in which the Member’s receivables in Payson are recognized. The Payson Account is registered on a central server residing on Payson’s premises. An amount corresponding to the balance on the Member’s Payson Account is held in the Member’s expense separate from Payson’s funds at a client fund account in a financial institution pursuant to the Swedish Funds Accounting Act (Lag [1944:181] om redovisningsmedel).
    Member – shall refer to physical and legal persons registered with Payson.

    2. Connection to Service

    Members connect to the Service by accepting the Terms and Conditions and by registering for a Payson Account in compliance with Payson’s procedures and terms and conditions as they apply at all times. Terms, conditions and provisions other than those prescribed in the present Terms and Conditions may apply to the Service. Members undertake and accept that they must be attentive to and comply with such terms, conditions and provisions in their use of the Service as well as keep up-to-date and comply with any changes to these. Infringement of any special terms, conditions and provisions that apply to the Service shall also be considered infringement violation of the present Terms and Conditions. Payson does not permit any remittances pertaining or relating to illegal activities or activities that violate Payson’s applicable policy. If a Member uses Payson to pay or receive payment for such types of goods/services, this shall be considered a violation of the present Terms and Conditions.

    3. Payment through the Service

    3.1 Contracts for purchases are entered into by and between two Members who act as purchasers and sellers, respectively. Payson shall not be a party to this relationship.

    3.2 A Debit Transaction from a Member’s Payson Account is executed once the Member has approved the Debit Transaction and provided sufficient funds are available in the Payson Account. The Member approves the Debit Transaction by providing a correct user name (e-mail address) and password.

    3.3 Members may approve a Debit Transaction from their Payson Account either by executing a purchase or through the reimbursement of a sale, A Member who, in the role of purchaser, wishes to revert a Debit Transaction from a seller shall present the seller with such a request. Once the seller and purchaser agree on such a transaction, the seller shall execute a reimbursement to the purchaser’s Payson Account.

    3.4 Payson may reject a Debit Transaction approved by a Member if, e.g. there is reason to suspect that the transaction would violate the present Terms and Conditions, applicable law, regulations, or other statutory requirements. Payson shall notify the Member without undue delay if a Debit Transaction has been rejected.

    3.5 If the remittance pertains to goods that require to be picked up by the purchaser, the seller shall create a purchase receipt, including verification of the purchaser’s identity, according to this template, in order for the payment to be valid.

    3.6 Payson offers payment by invoice for certain types of purchases. In order to be able to place an order against an invoice, the Member must be 18 years old and must be registered in the Swedish civil register and have undergone a credit check related to the purchase. Other terms and fees for payment by invoice are specified at the time of purchase.

    4. Depositing funds into a Payson Account

    4.1 Members can deposit funds into their Payson Account by prepaying funds into Payson’s client fund account. Members have various options to deposit funds.

    4.2 Deposited funds will be available to the Member once Payson has updates the Member’s Payson Account after providing notice about executed prepayment.

    5. No interest

    Members shall not be entitled to interest on funds that have been prepaid to Payson or been debited to a Payson Account as specified above.

    6. Withdrawals from Payson Account

    Members may request withdrawal of funds from their Payson Account in full or in part to themselves by transferring the funds in question to a bank account specified by the Members. In order to be able to use this function, Members must have had their identities verified using Payson’s applicable and relevant procedures. Members will be debited a fee for the withdrawn amount as set out in Clause 12 below. The fee will be credited from the requested amount before payment is executed to a Member.

    7. Reporting of Debit Transactions

    7.1 Each Debit Transaction is itemized in the Member’s Payson Account. Members will be able to review their balance/history on their Payson Account by logging into www.payson.se.

    7.2 If a Member believes that a Debit Transaction has been registered erroneously, the Member shall notify Payson without undue delay but no later than seven (7) days after the transaction has been registered in the Payson Account. However, if the Member, as purchaser, has comments related to a recognized Debit Transaction for reasons attributable to a seller-related issue—e.g. if a higher amount has been debited than the amount agreed to by and between the purchaser and seller—the Member (purchaser) must first contact the seller. The Member must also notify Payson if funds have not been registered even though a Debit Transaction has been executed.

    8. Security

    8.1 Form and storage of passwords, etc.

    Members are obligated to comply with Payson’s applicable processes and security instructions with respect to the formatting of passwords or other security parameters. Members undertake to store their password and/or other security parameters securely to that they remain inaccessible to third parties. Passwords are personal and may not be disclosed to or used by anyone else than the specific Member.
    Members shall immediately notify Payson using the contact form if they have reason to suspect that an unauthorized party has gained access to or learned about the password and/or corresponding information.

    8.2 Unauthorized usage

    If the Member fails to comply with the security instructions under Clause 8.1 above, the Member shall be liable for any damage incurred by Payson and any Debit Transaction that arise because an unauthorized party’s usage of the Member’s Payson Account.

    Even if a password or other security parameter has been designed in compliance with Payson’s applicable security instructions, the Member is liable for any damage incurred by Payson and any Debit Transaction that arise as a result of the unauthorized usage of the Member’s Payson Account, if the Member:

    (a) has disclosed the password to a third party;
    (b) by virtue of gross negligence, has contributed to disclosing the password to a third party; or
    (c) has reason to suspect that a password has been disclosed to a third party, if the Member has not, immediately after the discovery of the loss, notified Payson and changed his, her, or its password or adopted other security measures as set out in Payson’s applicable security instructions.

    9. Operations

    The Service is generally made available 24 hours a day, 7 days a week. However, Payson does not make any guarantees that the Service will be free of errors or disruptions during the time specified above. Payson shall always be given an opportunity to correct any Service-related irregularities before a claim for contractual non-performance may be invoked. Payson may make changes to Service-related operating procedures, technical specifications, systems, and uptimes, etc. Moreover, Payson may, to a reasonable extent, discontinue the Service for such tasks as performing servicing and upgrades.

    10. Service errors

    Members who wishes to invoke a Service error shall notify Payson within a reasonable period of time after they noticed or should have noticed the error by contacting Payson through its contact form. Failing that, the Member forfeits the right to invoke the error. Complaints must specify how the error manifests itself.

    11. Purchase-related errors or delays

    Contracts for the purchase of goods, services, or other commodities are entered into by and between two Members who act as purchaser and seller, respectively. Payson is not part of this relationship and assumes no liability with respect to the function, quality, and delivery, etc. for any goods, services or other commodities for which Members pay using the Service. If a Member (as seller or purchaser) wishes to lodge a complaint related to another Member’s (as seller or purchaser) contractual performance, that Member must therefore contact the other Member directly.

    12. Fees

    Setup fee: SEK 0
    Monthly fee: SEK 0

    Generally, the prevailing fee schedule specified on the fee page shall apply.
    Fees are debited from the Member’s Payson Account as they are incurred.

    13. Liability and offsetting

    Member accept that they will indemnify Payson for any funds that Payson is compelled to pay to third parties due to use of the Member’s Payson Account through, e.g. the unlawful or unauthorized depositing of funds into a Payson Account. Payson shall be entitled to offset such receivables against the Member’s receivables on Payson. However, any such offsetting shall not limit Payson’s right to claim damages or any other remedies available under the law.

    14. Term of agreement, cancellation, and freezing of account

    14.1 Members enter into an agreement with Payson under the present Terms and Conditions (“Agreement”) by connecting to the Service as specified in Clause 2. Members may cancel their Payson Account with immediate effect by contacting Payson via its contact form. Upon receipt of a cancellation notice, Payson shall terminate the Payson Account in question without undue delay.

    14.2 Payson may freeze a Payson Account with immediate effect, if
    (a) Payson learns of or otherwise has reasonable cause to suspect that a Member is using or will be using his, her, or its Payson Account in breach of the present Terms and Conditions and/or under applicable laws, regulations, or other statutory requirements;
    (b) information has come to light about information security-related technical or administrative procedures that there are reasonable grounds to suspect that a Member’s Payson Account will be misused; and/or
    (c) there are otherwise reasonable grounds to suspect that a Member’s Payson Account has been or will be misused.

    14.3 Irrespective of the cause, Payson may, at its discretion and upon sending a termination e-mail to a Member, terminate the Agreement with immediate effect. If not already frozen by virtue of one or more of the reasons specified in 14.2 (a)-(c), a Payson Account shall be frozen as the Agreement lapses.

    14.4 Even though an Agreement is cancelled, it shall still govern mutatis mutandis any and all of the parties’ outstanding dealings entered into under the Agreement until they are settled finally.

    14.5 Upon termination of the Agreement, Payson shall, without undue delay, provide the Member in question with a statement of any funds that have been kept separate at the Member’s expense, less any fees.

    15. Processing of personal data

    15.1 Payson processes Member data under the Swedish Personal Data Act.

    15.2 Members shall provide Payson with personal, address, and any other data requested by Payson. Members consent to the processing of their personal data by Payson or a partner approved by Payson to the extent necessary for the administration and performance of the Agreement or in order to comply with requirements for providing such data to the appropriate authorities. Members further consent to the processing of personal data for marketing purposes, i.e. for the purpose of providing information about the types of services offered by Payson or those of any of Payson’s approved partners. The consent shall cover the transmission of personal data to third countries.

    15.3 In the event a Member has registered with the Service anonymously or by assuming a false identity, and Payson—for reasons of security or otherwise—needs to establish the Member’s actual identity, that Member shall participate in this endeavor by providing data about him, her, or itself or about another Member to Payson at Payson’s request- Members also consent to Payson’s receiving data about a Member from another Member in this manner.

    15.4 Members may revoke their consent to have their personal data processed by contacting Payson via the contact form. However, any such withdrawal of consent shall result in the automatic termination of the relevant Payson Account under Clause 14.1 above.

    15.5 Members are entitled to request information about the personal data pertaining to themselves from Payson free of charge once every calendar year. At a Member’s request through the contact form, Payson shall correct any personal data about the Member that are found to be inaccurate.

    16. Liability

    16.1 Payson shall compensate a Member for only verified and reasonable direct costs incurred by the Member as a direct result of negligence by Payson. Thus, the Member shall not be entitled to compensation for any indirect costs, damages, or losses, such as e.g. lost profits, irrecoverable costs, or other consequential damages. In the event liability were found to exist, such liability shall be limited to SEK 1,500 annually under all circumstances.

    16.2 Payson shall have no liability in damages or any other liability if it can show that the damage caused to the Member is based on circumstances outside the control of Payson, which Payson could not reasonably have anticipated and whose consequences Payson could not reasonably have avoided or overcome. This also applies if a subcontractor or any other person with whom Payson collaborates is prevented from performing his or her obligations because of circumstances referred to herein. The limitations set out above shall not apply if Payson caused the damage through negligence.

    16.3 Payson shall not be liable for any damage caused by errors in the public telephone network or technical equipment that does not belong to Payson. Payson shall also not be liable for any damage caused by the rejection of a Debit Transaction executed in a Member’s Payson Account or if a Member’s Payson Account has been frozen provided Payson, at the time of freezing the account, has reasonable grounds to assume that the action in question was justified.

    16.4 Members shall indemnify Payson for any claims by third parties vis-a-vis Payson as a result of a Member’s use of the Service in breach of the present Terms and Conditions and/or applicable laws, regulations, or other statutory requirements.

    17. Intellectual property rights

    Apart from what is required for using the Service under the applicable Terms and Conditions, all intellectual property rights and technical solutions related to the Service belong to Payson or third parties with whom Payson collaborates and may not be used by Members.

    18. Communications

    Written communications from Payson to Members are transmitted by e-mail. Communications transmitted to Members in this manner shall be deemed to have been received no later than the next day.

    19. Assignment

    Payson Accounts are personal in nature and Members may not assign any rights or obligations under the present Terms and Conditions to third parties without Payson’s written approval. Payson may assign the rights and obligations under the present Terms and Conditions to third parties without a Member’s consent in full or in part.

    20. Additions and changes

    Payson may supplement and amend the present Terms and Conditions from time to time. Members shall be notified about such supplements or amendments no later than 14 days before they enter into effect. Members who do not accept the notified supplements or amendments may cancel these Terms and Conditions as set out in Clause 14. Payson shall always be entitled to make amendments (including amendments to prices) with immediate effect as a result of changes in laws, regulations, or official decisions.

    21. Disputes and applicable law

    Disputes related to the interpretation and application of the present Terms and Conditions that cannot be resolved through negotiations by the parties shall be decided by a Swedish court of law under Swedish law.

    The present Terms and Conditions enter into effect on September 19, 2011 and shall remain in effect until further notice.

    Terms and Conditions for Payment by Invoice

    Payson collaborates with Svea Ekonomi AB for payment by invoice. In order to perform a transaction by invoice, you must provide your civil registration number or, if a company, your organization number (VAT number). Invoice payment terms are 14 days unless otherwise specified at the time of purchase. Invoices will be sent under separate cover, by e-mail, to the e-mail address specified by you. In order to be able to pay by Invoice, you must be 18 years old, must be registered in the civil register in Sweden, and have undergone an approved credit check related to the purchase. Companies paying by Invoice must be registered in Sweden. The invoice is payable as instructed on the invoice, via PlusGirot account, and via its OCR number.

    Late payment will trigger a payment reminder and incur a reminder fee, at present SEK 60. Late-payment Interest will accrue at 2% per month from the invoice due date. In case of default, the case will be submitted for collection and a statutory collection fee, at present SEK 160, will be incurred. Payson reserves the right, on a case-by-case basis, to refuse delivery and to conduct a new credit check of the order.

    For payments by invoice/PaysonFaktura, the invoice will be pledged as security to Payson and then to Svea Ekonomi AB, 556489-2924.

    Terms and Conditions for Partial Payment by Invoice

    Some Invoices might specify that a “minimum amount is payable.” If you choose to pay this amount or an amount that is less than the total invoiced amount, an account credit agreement will be entered into. Payson offers, upon approved credit check, the option of entering into an account credit agreement with our partner Svea Ekonomi AB at the terms specified in the General Terms and Conditions of the enclosed account agreement. The credit offer applies to the amount specified in the account agreement. You select the credit period by checking the option that best suits you. You agree and undertake to repay the entire credit amount within the credit period. This means that your minimum payment every month is the sum that is specified in the option you select. Obviously, you may pay more than the minimum payment or pay off the entire credit amount in a lump sum without incurring any extra charges.

    If you wish to use the account credit during the credit period for other purchases, the lowest monthly payment installment will be raised, in order for the credit to be paid off in total within the agreed-upon credit period. The shorter the credit period, the higher the minimum monthly installment. If so, if you wish to retain the same minimum monthly instalment, you can contact Svea Ekonomi AB at tel. 08–51493113 to apply for an extension of the credit period. For IT-related reasons and until further notice, Svea Ekonomi AB will invoice you separately for separate purchases if you use the account credit for multiple purchases. If so, you will still have to pay only one statement fee every month.

    If you have any questions, feel free to call 08-51493113 for more information.

    An example of an effective interest for purchases—assuming an account for SEK 10,000, posted for 12 months, at 0% interest, a SEK 195 setup fee, and a SEK 29 administration fee in accordance with the Swedish Consumer Agency’s guidelines—would be 10.68%.

    Complete partial payment terms and conditions.

    Terms and Conditions for Partial Payments

    At the time of purchase, subject to an approved credit check, Payson provides the option of entering into a partial payment agreement with our partner Svea Ekonomi AB at the terms specified in the General Terms and Conditions of the enclosed account agreement. The credit offer applies to the amount specified in the account agreement. You select the credit period by checking the option that best suits you. You agree and undertake to repay the entire credit amount within the credit period. This means that your minimum payment every month is the sum that is specified in the option you select. Obviously, you may pay more than the minimum payment or pay off the entire credit amount in a lump sum without incurring any extra charges.

    *Partial payment interest-free:
    3 months, interest-free; setup fee SEK 95; administration fee SEK 29; interest 0.00%.
    6 months, interest-free; setup fee SEK 195; administration fee SEK 29; interest 0.00%.
    12 months, interest-free; setup fee SEK 295; administration fee SEK 29; interest 0.00%.

    Partial payment, interest-bearing (if order value exceeds SEK 5,000).
    24 months, setup fee SEK 295; administration fee SEK 29; interest 9.95%.

    An example of an effective interest for purchases—assuming an account for SEK 10,000, posted for 12 months, at 0% interest, a SEK 295 setup fee, and a SEK 29 administration fee in accordance with the Swedish Consumer Agency’s guidelines—would be 12.70 %.

    Complete partial payment terms and conditions.

    Terms and Conditions for Card and Direct Debit Payments

    Even if you do not have a Payson Account, you can still pay quickly with Payson. We collaborate with VISA, MasterCard, and all the Swedish financial institutions that offer direct payment services, i.e. Swedbank, Handelsbanken, SEB, Nordea, and Danske Bank. Payson maintains high security standards and is PCI certified by Trustwave, the international organization for secure e-commerce. All traffic is encrypted using SSL 128-bit encryption and all account transfers are based on the financial institutions’ so-called 3D secure technology.

    Policy for Payment via Payson

    Payment is not permitted for certain goods and services via Payson’s Service because they violate Swedish law, do not comply with Payson’s Policy, or because some of Payson’s partners do not accept the activity in question.

    The goods and services listed below may not be transacted via Payson’s Service. Violations against this Policy are subject to suspension from Payson’s Service under Clause 14.2 of the User Agreement. Payson may decline an approved debit transaction if there is reason to suspect that it would violate this Policy.

    Prohibited goods/services

    Drugs, narcotics, and certain hazardous substances
    Pornographic materials (e.g. movies, images, and streaming)
    Web camera shows, prostitution
    Second-hand underwear
    Pharmaceuticals, medicine, and performance-enhancing dietary supplements and health products
    Counterfeit or pirated materials (e.g. music, software, garments, and liquids)
    Betting
    Online games that offer the prospect of winning money
    Donations to and memberships of racist organizations/organizations that promote hatred
    Charity and aid organizations that do not have a 90-account with PlusGirot or a corresponding Bankgiro.
    Firearms subject to licensing
    Financial services including financial advisory services

    Permitted goods and services, subject to certain restrictions

    Alcohol
    Tobacco products (e.g. snuff products, cigarettes, and cigars)
    Sexual aids
    Vitamins, dietary supplements, and health products
    “Lowest unique bid” auctions
    Penny auctions
    Dating services
    Hunting accessories and knives
    Personal safety equipment
    Shared games from companies licensed by the Swedish Gambling Authority (Lotteriinspektionen)
    Pyramid activities/sales and “multi-level marketing”
    Companies domiciled outside Sweden
    Anonymization services (including VPN services)

    Note: Always reviewed on a case-by-case basis.

    Payson’s Integrity Policy

    1. Controller of personal data

    1.1 Payson, organization number 556646-2858, Evenemangsgatan 31, SE-169 81 Solna, is the controller of personal data for the processing of personal data at this website. Payson’s processing of customer data complies with the Swedish Personal Data Protection Act (Personuppgiftslag [1998:204])

    1.2 Processing of personal data for payments with Payson (Company) takes place subject to the user’s receiving information about and consenting to the processing.

    1.3 Processing takes place pursuant to Sections 10 and 15 of the Swedish Personal Data Protection Act (personuppgiftslagen). Moreover, Payson processes personal data for the purpose of executing transactions, to prevent fraud and similar criminal activity, as well as to meet certain legal obligations, e.g. those provided in the Swedish Money Laundering and Terrorist Financing (Prevention) Act (Swedish Money Laundering Act) (lagen [2009:62] om åtgärder mot penningtvätt och finansiering av terrorism (penningtvättslagen) and the Swedish Act on Payment Services (lagen [2010:751] om betaltjänster (betaltjänstlagen).

    2. Personal data processing

    2.1 The Company collects basic personal data (first and last names, e-mail address) and, if relevant, extended personal data (civil registration number, address, contact information and data about bank account number, IP number) from Members in connection with their use of the Company’s Services.

    2.2 The data are used by Payson for the invoicing, information. and the delivery of products, as well as for marketing, statistical, and product development purposes. The data may be used by Payson and, if relevant also our partners for modifying content as well as for advertising and promotional purposes.

    2.3 The data are analyzed and grouped before selection, prioritization, and planning of contacts with Members. One or multiple markers will be associated with the data related to the type of customization of web services and marketing communications that will be directed at the user, so-called profiling.

    2.4 Payson’s Members consent to receiving marketing materials via mail, telephone, or e-mail and SMS as well as through other digital channels. Marketing via e-mail and SMS are regulated under the Swedish Marketing Practices Act (marknadsföringslagen).

    2.5 Personal data may be provided to Payson’s partners. Personal data will be provided to the authorities only if required under the law or by administrative decision.

    3. Retention of personal data

    3.1 Personal data will remain stored for the term of the agreement and for a certain period thereafter or as set out in the consent provided by the Member. A Member’s consent shall remain in effect until he or she withdraws the consent personally. However, non-use of the service will not prompt cancellation. Consent is also not contingent on the purchase of products.

    3.2 Payson shall retain a Member’s personal data for accounting purposes for seven (7) years pursuant to the requirements set out in the Swedish Accounting Act (bokföringslagen).

    4. Deletion of personal data

    4.1 With the exception of personal data related to user accounts with ongoing activity and/or a balance, personal data are deleted/depersonalized once the data are no longer required to be retained under the provisions of the Swedish Accounting Act (i.e. 7 years).

    4.2 The use of personal data during the retention period is limited with respect to the purpose of processing. Deletion cannot be revoked and the data cannot be recreated. Once a deletion has been performed, individual personal details will no longer be associated with the user account.
    An active user account will not be deleted/depersonalized. A user account with deposited funds or a balance will not be deleted or depersonalized without the Member’s consent. The exception is if a user account has been frozen as set out in Clause 14.2a of the Company’s General Terms and Conditions. Consent will be requested by e-mail at regular intervals after seven (7) years of inactivity on Payson’s Service. “Inactivity” here refers to a Member who has not carried out any transactions, logged into his or her user account, or communicated with the Company. In the absence of a response regarding a consent request, the user account may nevertheless be deleted after one (1) more year and after sending out a minimum of four written reminders. In that case, any deposited funds shall accrue to the Company.

    5. IT security

    As controller of personal data and in accordance with Section 31 of the Swedish Personal Data Protection Act, Payson will take any relevant technological and organizational measures to safeguard the personal data that are being processed.

    6. Blocking list

    A private person has the option of blocking his or her civil registration number from being used in the Company’s Services. After having ensured that the person is authorized to block the civil registration number, this type of request can be accommodated by adding the person to a so-called blocking list. The person in question must revoke the block in writing after which the civil registration number can be used again in the Company’s Services.

    7. Personal data compliance officer

    The Company seeks to have a minimum of two (2) registered personal data compliance officers. The controller of personal data (the Company) is responsible for designating these persons.

    8. Register extracts

    All of the Company’s Members are entitled to withdraw their consent, request a register extract, or having any erroneous data corrected or deleted in writing and free of charge. If you wish to request a register extract, withdraw your consent, or correct or delete data, please contact the Company’s personal data compliance officer at:
    Payson Att: PuL ombud, Evenemangsgatan 31, 169 81 Solna

    Ex-Ante Information for General Terms and Conditions

    Under Chapter 4, Section 10 of the Swedish Act on Payment Services (lagen [2010:751] om betaltjänster (betaltjänstlagen), the payment service provider (Payson) shall provide payment service users with certain information within a reasonable period before a framework agreement ends. For clarification purposes, we have therefore decided to highlight just this information from Payson’s General Terms and Conditions in the 27 items listed below.

    1. The payment service provider is Payson AB [556646-2858] Evenemangsgatan 31, SE-169 81 Solna.

    2. Payson AB is a payment institution licensed under the Swedish Financial Supervisory Authority to provide payment services [Institution No. 045007].

    3. The primary activity of the payment service is the intermediation of payments and related services for the purpose of simplifying commerce between two private or legal persons.

    4. In order for a payment order to be executed correctly, the user is required to comply with the instructions provided at the moment of payment on Payson’s website.

    5. Approval of the execution of a payment transaction is provided at the moment of payment by the user who clicks the corresponding button or link. A user who, as purchaser, wishes to revert a debit transaction from the seller shall present the seller with such a request. The seller will then execute a reimbursement/credit to the purchaser’s Payson Account, or to the means of payment used, once the seller and purchaser agree on such a transaction.

    6. Payment orders shall be deemed to have been received once the user has approved the payment (item 5) and received confirmation of the payment order.

    7. Payment orders via the payment service can be transacted via the website 24 hours a day, 365 days a year. However, Payson makes no guarantees or representations that the payment service will be free of errors or disruptions during the time specified above. Moreover, Payson shall, at all times and to a reasonable extent, be entitled to discontinue its payment services for performing e.g. servicing and upgrades.

    8. Payment transactions are executed via the payment service in real time and the payment recipient as well as the user are notified directly upon executed payment. The processing of transfers (withdrawals) to another payment institution or bank takes, at most, one banking day for the payment service. However, depending on the recipient bank and country, the time to execute this kind of transfer may vary.

    9. Any limitations to the use of the Payson Account may, if relevant, be agreed individually by contacting the payment service provider.

    10. The fee for the Service is listed in the current price schedule.

    11. The interest rate for deposited funds is not provided and the payment service provider does not perform currency exchange. For foreign card payments in SEK/EUR, the foreign exchange rate of the user’s card-issuing bank shall apply in accordance with the agreement between the user and his or her card-issuing financial institution.

    12. Information about changed interest rates and/or foreign exchange rates do not apply (Clause 11).

    13. Written communications from the payment service to the user are transmitted via e-mail and shall be considered to have been received no later than the next day. Communications that are not considered urgent may alternatively be displayed on the user’s Payson Account.

    14. A digital version of the General Terms and Conditions that govern the use of the payment service is available on the website. To obtain a physical copy, the user may print out a copy of the Terms and Conditions.

    15. The language used in the framework agreement shall be Swedish and any communication between the payment service provider and the user shall primarily take place in Swedish.

    16. The user shall be entitled to consult the General Terms and Conditions governing usage of the payment service, which is available to the user on Payson’s website at all times.

    17. The user shall comply with Payson’s applicable processes and security instructions for the formatting of passwords or other security parameters. The user undertakes to store his or her password and/or other security parameters securely, i.e. to prevent them from falling into the hands of third parties. Passwords are personal and may not be disclosed to or used by anyone else than the user. The user shall immediately notify Payson using the contact form or by phone if he or she has reason to suspect that an unauthorized party has gained access to or learned about the password and/or any corresponding information.

    18. Payson may freeze a Payson Account as a payment instrument, if Payson learns of or otherwise has reasonable cause to suspect that a user is using or will be using his or her Payson Account in breach of the present Terms and Conditions and/or applicable laws, regulations, or other statutory requirements.

    19. If a user fails to comply with the security instructions above (Clause 17), the user shall be liable for any and all damages incurred by Payson and any debit transaction that arise as a results of an unauthorized party’s use of the user’s Payson Account. Any unauthorized debit transaction from a card or account must be notified to the financial institution directly, in order to have the card or account frozen and to file a claim related to the purchase in question. In the event of an unauthorized transaction or event in a Payson Account, the user must notify Payson’s customer service department of this directly.

    20. If a user believes that a debit transaction has been posted erroneously, the user shall notify Payson without undue delay but no later than seven (7) days after the transaction has been recognized in the Payson Account. However, if a user, as purchaser, has comments related to a recognized debit transaction for reasons attributable to any seller-related issue, the user (purchaser) must first contact the seller. The user must also notify Payson if funds have not been posted even though a debit transaction has been executed.

    21. Payson is liable to the user for the correct execution of an approved user-initiated payment order. If the payment order has been executed correctly, the payment beneficiary is liable to the user for the correct execution of the transaction/purchase. Payson must, without undue delay, repay the funds in a failed payment order to the user or restore the debited payment account’s status to the status it should have been if the failed transaction has not taken place. If a user has initiated a failed payment order, Payson shall, upon request and as soon as possible, attempt to track the payment transaction and notify the user about the outcome of the investigation. Payson is responsible to the payment beneficiary for making available the payment transaction funds excl. fees in the Payson Account. Payson is responsible to its users for fees and interest that users must pay as a result of a failed payment transaction caused by deficiencies in Payson’s system. In the event liability is determined to exist, such liability shall be limited to maximum SEK 1,500 annually under all circumstances.

    22. Agreements for the purchase of goods, services, or other commodities are entered into by and between two users who act as purchaser and seller, respectively. Payson is not part of this relationship and assumes no liability with respect to the function, quality, or delivery, etc. for the goods, services or other commodities for which users pay through the payment service.

    23. Payson may supplement or amend the present General Terms and Conditions from time to time. The user shall be notified about such supplements and amendments no later than fourteen (14) days before they enter into effect. A user who does not accept the notified supplements and amendments may cancel the present General Terms and Conditions as set out in Clause 25. Payson shall always be entitled to make any changes with immediate effect if such changes are mandated by law, regulations, or official decisions.

    24. The agreement shall remain in effect until further notice.

    25. A user may cancel his or her Payson Account with immediate effect by contacting Payson via its contact form unless otherwise especially agreed. Once Payson has received a cancellation, the Payson Account shall be terminated without undue delay. Any and all debts to Payson must be settled before an account may be terminated. No termination fees shall apply.

    26. If the user wishes to send feedback or a claim related to Payson’s services, he or she must, in the first instance, send it to synpunkter@payson.se.