Electronic Funds Transfers
Introduction to Electronic Funds Transfers – Puraverde processes Electronic Funds Transfers (EFTs) as an efficient method to receive electronic deposits from investors, to purchase and redeem investments, and to issue refunds to investors. EFTs are processed through the vehicles described below:
- The Automated Clearing House (ACH)
- The Fedwire
- Credit Card
Electronic Funds Transfers Agreement and Disclosure – This Electronic Funds Transfers Agreement and Disclosure (this Agreement) is the contract which covers you and our rights and responsibilities concerning the EFTs services offered to you by Puraverde. In this Agreement, the words “you,” “your,” and “yours” mean an individual who signs up on the Puraverde. Online Platform (Platform) and utilizes the Platform to participate in offerings (and any authorized users). The words “we,” “us,” and “our” mean Puraverde. EFTs are electronically initiated transfers of money from your bank account or credit card account, which you utilize the Platform to initiate, and which allow you to participate in the Puraverde offerings. By using any Puraverde service, you agree to the terms and conditions in this Agreement and any amendments for the EFTs services offered.
In order to use the payment functionality of Puraverde, you authorize us to share your identity, bank account data, and credit card account data with Secure Tranz, the payment solutions & technology services, for the purpose of processing your EFTs, and you are responsible for the accuracy and completeness of that data. You understand that you will access and are responsible for managing your bank account data and credit card account data through the Platform. You also authorize us and Secure Tranz to process EFTs as you direct through Puraverde. You acknowledge that none of Secure Tranz or we will be liable for any loss, expense, or cost arising out of EFT services provided through your use of Puraverde, which are based on your instruction; Secure Tranz is a third-party beneficiary of this Agreement.