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How to design payment notice

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hello everyone welcome to my youtube channel in one of my previous video which you can find the link here i designed uber while designing uber i also discussed one part of it which was a billing service however i didnt go into the the actual design of the billing service so in todays video im going to discuss what would be the design of a payment service or payment gateway service this is a very important topic because a payment service is involved everywhere where money is involved let me give you some examples many of us now buy stuff from amazon or ebay usually if you go to amazon.com and you create an account it also asks for your credit card information and when you provide that credit card information that information is stored in amazon servers in a secure manner and now if you buy anything from amazon on from amazon website amazon actually goes and charge your credit card if you buy something from a third-party seller on amazon.com in that case

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Who issues a payless notice?

The client must issue a pay less notice if they intend to pay less than the amount set out in the payment notice, setting out the basis for its calculation. The notified sum is payable by the final date for payment.

What is the difference between payment notice and payless notice?

If an issue arises in the Payment Period the payer cannot revise a certificate or Payment Notice already issued, he simply issues a Pay Less Notice, provided it is served in time. A Pay Less Notice must be served by the payer within the time period set by the contract prior to the Final Date for Payment.

What is a payment notice?

What does Payment Notice mean? A notice given under HGCRA 1996, s 110A by a payer (or specified person) or the payee setting out the amount to be paid and how it is calculated. Most standard form contracts provide that the notice is to be given by the payer (or specified person).

What should a payment notice include?

Payment Notices The notice must state: the sum the payer considers to be due or to have been due at the payment due date; and. the basis on which the sum is calculated.

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