Electronic Funds Transfers
Invown Funding Portal LLC 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 Invown Corp. and Invown Funding Portal LLC (collectively “the Firm”). In this Agreement, the words “you,” “your,” and “yours” mean an individual who signs up on the the Firm’s Online Platforms (“Platform”) and utilizes the Platform to participate in offerings (and any authorized users). The words “we,” “us,” and “our” mean the Firm. 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 offerings listed on the Firm’s Platform. By using any of the Firm’s 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 the Firm, you authorize us to share your identity, bank account data and credit card account data with our escrow, payment processing and banking partners (Partners) 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 our Partners to process EFTs as you direct through Firm. You acknowledge that neither the Firm or our Partners we will be liable for any loss, expense or cost arising out of EFT services provided through your use of the Firm’s Platform, which are based on your instruction; the Firm’s Partners are third party beneficiaries to this Agreement.