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Payors PAD Agreement INSTRUCTIONS1. The Payee must retain this agreement for at least 12 months after the last PreAuthorized Debit (PAD) is issued. 2. The Payee can obtain the transaction type code
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Online payors pad agreement is a document that outlines the terms and conditions for electronic payment processing between a payor and a payee.
Both the payor and the payee are required to file online payors pad agreement.
To fill out online payors pad agreement, the payor and the payee must provide their contact information, banking details, and agree to the terms of electronic payment processing.
The purpose of online payors pad agreement is to ensure that electronic payments are processed securely and efficiently between the payor and the payee.
The information reported on online payors pad agreement includes contact information, banking details, and terms of electronic payment processing.
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