Indemnity Policy

In consideration of you, Virtual PayPal Terminal agreeing to honor my instructions, including funds transfer instructions and act upon any instruction, communications and documents sent by telephone, e-mail issued according to my/our mandate as I/We may from time to time advise you in writing via email. 
I/We hereby confirm and declare that:

1. Virtual PayPal Terminal is authorized to accept and act upon any instructions, communications and documents sent electronically by facsimile (fax),telephone, e-mail and letters issued according to my/our mandate.

2. I/We hereby irrevocably undertake to indemnify Virtual PayPal Terminal and hold it harmless from and against all cost (including without limitation legal fees and expenses, claims, losses, liabilities, damages and proceedings) whatsoever that the company may suffer or incur or that may arise as a result of the company's accepting or acting upon such instructions, communication or documents.
Furthermore, I/We hereby irrevocably release Virtual PayPal Terminal from all liability in the event that any telephone , email, facsimile transmission or letter is not received, or is mutilated, altered, illegible or interrupted, duplicated, incomplete, unauthorized, or delayed for any reason.

3. In the event that I/We suffer any loss as a result of your honoring such instructions, communications, e-mail instruction, etc., I/ we shall have no claim or redress against you, whatsoever.

4. I/We hereby agree to pay all fees and charges which the company may impose from time to time in connection with these services in the manner stipulated by the company.

5. I/We agree that you may at any time without notice to me/us, set off or transfer any sum or sums standing to the credit of any one or more of my /our accounts with you in or towards the satisfaction of my/our liabilities to you arising out of your honoring the instructions on my/our behalf.

6. I/We agree that if I/We fail to pay on demand any sum payable hereunder, that interest shall accrue thereon from the date of such demand until full liquidation at your Prime Lending Rate ruling at the time of call/demand.

7. I/We agree that no delay or omission or granting of any indulgence on your part in exercising any right power, privilege or remedy in respect of this indemnity shall be construed as a waiver thereof, nor shall any single or partial exercise of any other right, power, privilege or remedy preclude any further exercise of any right, power, privilege or remedy. The right powers, privileges or remedies provided in this indemnity are cumulative and not exclusive of any rights, powers, privileges or remedies provided by law.

8. It is not my/our intention that the instruction referred to above should be confirmed in writing by email or by telephone and I/we hereby ratify and confirm all that you shall do on my/our behalf by virtue of such instructions provided only that you acted in good faith.

9. Virtual PayPal Terminal shall have absolute discretion, for any reason whatsoever, to act or not to act upon documentation received by facsimile, e-mail or letters or instructions received by telephone and/or to request verification of documents and instructions received by such means.

10. That all authorizations I/we have given and certified to the company as now governing the operation of my/our account(s) with the company are hereby confirmed to be in full force and effect, except as the same may be supplemental or modified by the foregoing part of this authorization.

11. That the company may continue to rely upon this authorization unless and except to the extent that it is revoked or modified by subsequent authorization from me/us and until a certified hard copy of such subsequent authorization has been received by the company in the branch where the account is domiciled, and a written acknoweldgement of the revocation Sent to me/us.

By accessing or using Virtual PayPal Terminal, you agree to comply with the terms and conditions of this Electronics Mail Indemnity otherwise DO NOT REGISTER.
You agree that all agreements, notices, disclosures and other communications that we provide to you electronically satisfy any legal requirement that such communications be in writing. Assigning or sub-contracting any of your rights or obligations under these Terms of Use to any third party is prohibited. We reserve the right to transfer, assign or sub-contract the benefit of the whole or part of any rights or obligations under these Terms of Use to any third party.