The Merchant is the party that provides you with the goods or services that you purchase under an arrangement separate to this agreement. You can purchase the merchant’s goods or services over a period of time by repaying in instalments (‘pay in 4’) or in one lump sum payment in full (‘pay in full’). These payment options are collectively, or interchangeably as the context requires, referred to in this agreement as the Payment Plan. When you choose a ‘pay in 4’ Payment Plan, the Merchant provides you with credit, and you owe the Merchant for the outstanding instalments.
The Payment Plan is administered by Limepay. If you choose and are approved for a relevant Payment Plan, Limepay will acquire from the Merchant the debt you owe the Merchant under the Payment Plan, in which case all rights and obligations held by the Merchant under this agreement in respect of the debt will be transferred, assigned and novated to Limepay in accordance with clause 12.