AutoPay Terms and Conditions
and Electronic Authorization Consent
The following terms and conditions govern our use of AutoPay in connection with your Account:

Important Definitions

AutoPay Bank Account

This is the bank account you provide at the time of set up, from which your AutoPay Payment will be drafted each month.

AutoPay Payment Date

This is the date we will begin processing your AutoPay Payment.  It will be indicated on the “Payments” page of the Petal Website and/or Mobile Application, the email notification you receive from us, and is generally on your Statement Due Date.

Current Balance

Your total outstanding balance as of the AutoPay Payment Date, including posted charges and adjustments for Charges This Month, payments, credits and/or disputes since the statement issuance date.

Full Statement Balance

The New Balance indicated on your most recent statement. Full Statement Balance does not include Charges This Month, payments, credits or disputes that have occurred between the statement issuance date and the AutoPay Payment Date.

Charges This Month

Purchases made within the current billing cycle (i.e., after close of the most recent statement period).

Statement Due Date

This is the payment due date which will be indicated on your most recent monthly statement.

Payment Options

You are authorizing us to debit the Balance Due amount from your AutoPay Bank Account:

Balance Due

Each month, unless you cancel the payment, we will debit your AutoPay Bank Account on your AutoPay Payment Date by the "Full Statement Balance" OR the "Current Balance," whichever is the lower of the two amounts when the AutoPay Payment begins processing.

Note: We will debit your AutoPay Bank Account each month even if you made other payments between the statement issuance date and AutoPay Payment Date, including if you paid the Full Statement Balance. No debit will be made if you have a zero balance for your "Full Statement Balance" when the AutoPay Payment begins processing.

Your monthly billing statement will indicate your "New Balance" (before adjustments for interest charges, payments, credits and/or disputes that have occurred between the statement issuance date and the date the AutoPay Payment begins processing) prior to the date on which we will debit your account. The amount of your next AutoPay Payment will be available on the “Payments” page of the Petal Website and/or Mobile Application as soon as your statement is available. In addition, we will send you a notice at least ten days prior to initiating any debit by sending you an email that contains the amount of your scheduled payment and the AutoPay Payment Date. If your AutoPay Payment Date falls on a Saturday, Sunday, legal holiday or other day that we are not open for business, we will process your payment on the next available business day. However, the payment will be credited to your account as if it had been processed and posted on the AutoPay Payment Date. All payments are subject to further verification and payment as well as the terms and conditions for your credit card and deposit accounts.

If you are turning on AutoPay before your Statement Due Date, your AutoPay selection will go into effect this billing cycle. If you are turning on AutoPay after 11:59 pm EST on your Statement Due Date, your AutoPay selection will not apply until next month’s Statement Due Date.

For any automatic payment, Petal shall use its best efforts to not debit your bank account by an amount that will cause your Petal account to have a credit balance. You authorize Petal to reduce the amount of any scheduled debit, so that the amount debited does not exceed the Current Balance as of the time we begin processing your payment.

If your AutoPay Bank Account rejects the payment because of insufficient (NSF) or uncollected funds, Petal at its discretion may attempt to process the charge again within 30 days. If funds are not fully available at any time during your participation in the Petal automatic payment program, or your account is otherwise not in good standing, we reserve the right to terminate your participation therein. If your account is unenrolled for any reason, you will receive an email alert notifying you that your account has been unenrolled.

You must update your Petal account: (a) if any information changes regarding your bank account, or (b) if you wish to change the account or financial institution from which your payment is debited, or (c) if you wish to stop a payment or discontinue your participation in AutoPay. You may cancel or edit your upcoming payment by following the links found on the Payments page on your online account at least three business days prior to the AutoPay Payment Date. You will not incur a charge for canceling or editing a payment prior to being processed by us. You understand and agree that we may not honor any stop payment requests received less than three business days before the scheduled payment date, and that once we have begun processing a payment it cannot be canceled or edited by us.

You may turn off or change the settings on AutoPay at any time by going to the Settings page on your online account and changing your payment preferences. This is the exclusive means by which you may revoke this authorization.