This analysis describes what Ramp's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
Because the authorization extends to assigns and covers all amounts owed, Ramp and its partners can pull funds directly from Company accounts without seeking separate approval for each transaction.
Interpretive note: The excerpt lists three distinct authorized parties as sub-clauses (a), (b), and (c). The canonical claim merges them into one proposition for conciseness; the separate authorization of Financial Institution Partners acting on their own behalf is noted in omitted_material.
The updated terms now require businesses in the UK and EU to comply with regional schedules applicable to their domicile, introducing jurisdiction-specific obligations. Subscription billing no longer defaults to monthly terms; instead, terms are offered by Ramp and must be affirmatively selected by the company. The agreement expands prohibited use restrictions to include not just US-sanctioned entities but also those sanctioned by Canada, the EU, and the UK. Additionally, the terms now explicitly state that electronic signatures are conclusive evidence of intent to be bound, and withholding tax reimbursement obligations apply to all fees, not just subscription fees.
View change record →Ramp, Financial Institution Partners, and their assigns may debit the reader's Linked Accounts directly for any amount owed under the Agreement.
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"Company authorizes (a) Ramp ... (b) Financial Institution Partners acting on their own behalf ... and (c) Ramp's and each Financial Institution Partners' assigns to: debit Company's Linked Accounts to process all payments and collect all amounts owed under the Agreement.Excerpt from Ramp's Terms of Service
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Because the authorization extends to assigns and covers all amounts owed, Ramp and its partners can pull funds directly from Company accounts without seeking separate approval for each transaction.
Ramp, Financial Institution Partners, and their assigns may debit the reader's Linked Accounts directly for any amount owed under the Agreement.
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