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AutoPay Authorization and AutoPay Terms and Conditions
Last updated: November 1, 2021
Autopay Authorization and Autopay Terms and Conditions
By enrolling in the autopay program (“AutoPay”), you voluntarily authorize us to initiate recurring automatic debit entries each month on the AutoPay Payment Date to pay the amount due under the AutoPay Payment option selected by you from your AutoPay Bank Account. In this Autopay Authorization and Autopay Terms and Conditions, “we,” “us,” and “our” refer to: (1) WebBank, the issuer of the Gemini Mastercard® Credit Card™ and (2) Gemini Constellation, LLC, the servicer of the Gemini Mastercard Credit Card.
Important Definitions:
- AutoPay Bank Account - This is the bank account you provide at the time of AutoPay set up or as updated by you from time to time, from which your AutoPay Payment will be debited each month on the AutoPay Payment Date.
- AutoPay Payment - This is the payment option you select from the options listed below (Minimum Payment or Remaining Statement Balance), as may be updated by you from time to time.
- AutoPay Payment Date - This is the monthly payment date we will begin processing your AutoPay Payment. The AutoPay Payment Date is the payment due date indicated on your most recent monthly statement (or the next Business Day if such date falls on a Non-Business Day). It will also be indicated atop the credit card dashboard on the Gemini Website and/or Mobile Application, as well as in the AutoPay email notifications you receive from us.
- Current Balance - Your total outstanding balance as of the AutoPay Payment Date, including posted charges and adjustments for New Purchases, payments, credits and/or disputes since the statement issuance date.
- Minimum Amount Due - The payment amount required to keep your account in good standing, which will be indicated on your monthly statement. This amount will vary according to your balance each month and may be less than the amount indicated on your statement as the result of adjustments or merchant credits. To see your current Minimum Amount Due, please refer to the top of the credit card dashboard on the Gemini Website and/or Mobile Application.
- New Purchases - purchases made within the current billing cycle (i.e., after close of the most recent statement period).
- Remaining Statement Balance - The Statement Balance as shown on your most recent periodic statement, plus interest accrued between the statement issuance date and the AutoPay Payment Date. The Remaining Statement Balance is adjusted for any payments and credits that have occurred between the statement issuance date and the AutoPay Payment Date.
- Statement Balance - The “Statement Balance” indicated on your most recent statement.
- Any capitalized terms not defined in this Authorization have the same meaning as in your cardholder agreement.
Payment Options:
You have two AutoPay Payment options available, as described below:
- Minimum Payment: Each month, unless you cancel the payment, we will debit your AutoPay Bank Account on your AutoPay Payment Date in the amount of your "Minimum Amount Due" OR the "Current Balance", whichever is the lower of the two amounts on the AutoPay Payment Date.
- 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 Minimum Amount Due. No debit will be made if you have a zero "Current Balance" on the AutoPay Payment Date.
- Remaining Statement Balance: Each month, unless you cancel the payment, we will debit your AutoPay Bank Account on your AutoPay Payment Date in the amount of the most recent statement balance adjusted for any payments and credits since the statement issuance date.
- 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 Minimum Amount Due. No debit will be made if you have a zero "Current Balance" on the AutoPay Payment Date.
You understand that you have the right to receive notice of all electronic fund transfers from your AutoPay Bank Account and that such transfers may vary in amount. We will send you a notice at least ten days prior to initiating any debit by posting your scheduled payment on the Gemini Website and/or Mobile Application and sending you an email that contains the amount of your scheduled payment and the AutoPay Payment Date. However, you agree that we do not need to send you written notice if any AutoPay Payment is subsequently adjusted lower due to any payments and credits posted to your account prior to the AutoPay Payment Date. You will ensure that there are sufficient funds in the AutoPay Bank Account on the AutoPay Payment Date to pay the specified payment option.
If your AutoPay Payment Date falls on a Non-Business Day, 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. We will comply with U.S. laws and the Nacha Rules applicable to debit entries.
For any AutoPay Payment option above that you have selected, Gemini will not debit your account in an amount that will cause your credit card account to have a credit balance. You authorize us to reduce the amount of the debit previously disclosed to you on your billing statement so that the amount debited does not exceed the Current Balance as of the time we begin processing your payment.
You must notify us if any information changes regarding your AutoPay Bank Account. If funds are not fully available at any time during your participation in AutoPay, or your credit card account is otherwise not in good standing, we reserve the right to terminate your participation therein. If your account is unenrolled in AutoPay for any reason, you will receive an email alert notifying you that your account has been unenrolled, and you will be required to pay by another method.
You also authorize us to initiate a one-time credit or debit transaction to correct any erroneous payment transaction. You also authorize us to initiate a one-time charge to collect the following fee if any payment is rejected by your bank due to insufficient funds in your AutoPay Bank Account: up to $25 for the first time a payment is rejected; and up to $35 for any subsequent rejections within the following six billing cycles. We are not responsible for any fees you incur from your financial institution in connection with returned payments.
If you wish to stop any AutoPay Payment, change the account or financial institution from which your payment is debited or adjust the payment option, you must notify us before 5:00 p.m. Eastern Time on the AutoPay Payment Date by changing your AutoPay settings within the credit card dashboard on the Gemini Website and/or Mobile Application. You may also stop any AutoPay Payment by calling customer support at 1-877-725-1116 before 5:00 p.m. Eastern Time on the AutoPay Payment Date. You will not incur a charge for canceling or editing a payment prior to it being processed by us. You understand and agree that once we have begun processing a payment it cannot be canceled or edited by us.
You understand and acknowledge that you may terminate this authorization by changing your AutoPay settings within the credit card dashboard on the Gemini Website and/or Mobile Application or by calling customer support at 1-877-725-1116. You should print or save a copy of these Autopay Authorization and Autopay Terms and Conditions for your records. You understand that you are not required to agree to AutoPay.