Common use of Acceptance of Cards Clause in Contracts

Acceptance of Cards. A. If appropriately indicated herein, Merchant may elect to accept only certain Visa and MasterCard card types as indicated on the Application, or via later notification (“Limited Acceptance”). Processor has no obligation other than those expressly provided under the Operating Regulations and applicable law as they may relate to Limited Acceptance. Processor’s obligations do not include policing card types at the point of sale. Merchant will be solely responsible for the implementation of its decision for Limited Acceptance including, but not limited to, policing the card type(s) of transactions at the point of sale submitted for processing by Processor, responsibility for any Visa or MasterCard charges assessed as a result of Merchant’s Limited Acceptance, and any and all costs incurred by Processor as a result of Merchant’s election. Should Merchant submit a transaction for processing for a card type it has indicated it does not wish to accept, Processor may process that transaction and Merchant will pay the applicable fees, charges, and assessments associated with that transaction. For Merchant’s convenience, a general description of Visa and MasterCard card types are: (i) “Debit Card” – Visa or MasterCard cards issued by a U.S. bank and/or a non-U.S. bank, or a Visa or MasterCard card that accesses a consumer’s asset account within 14 days after purchase, including but not limited to Visa or MasterCard issued stored value, prepaid, payroll, EBT, gift, or consumer check cards; (ii) “Other Card” – all Visa and MasterCard cards issued by a non-U.S. bank and all Visa or MasterCard cards other than Debit Cards, including but not limited to business and consumer credit cards and Visa and MasterCard business debit cards. These acceptance options apply only to U.S. issued Cards. The Visa and MasterCard Operating Regulations require merchants accepting any Card product bearing a Visa or MasterCard symbol to continue to accept both debit and credit card products issued by non-U.S. members.

Acceptance of Cards. A. If appropriately indicated herein, Merchant may elect to accept only certain Visa and MasterCard card types as indicated on the Application, or via later notification (“Limited Acceptance”). Processor Vendor has no obligation other than those expressly provided under the Operating Regulations and applicable law as they may relate to Limited Acceptance. ProcessorVendor’s obligations do not include policing card types at the point of sale. Merchant will be solely responsible for the implementation of its decision for Limited Acceptance including, but not limited to, policing the card type(s) of transactions at the point of sale submitted for processing by ProcessorVendor, responsibility for any Visa or MasterCard charges assessed as a result of Merchant’s Limited Acceptance, and any and all costs incurred by Processor Vendor as a result of Merchant’s election. Should Merchant submit a transaction for processing for a card type it has indicated it does not wish to accept, Processor Vendor may process that transaction and Merchant will pay the applicable fees, charges, and assessments associated with that transaction. For Merchant’s convenience, a general description of Visa and MasterCard card types are: (i) “Debit Card” – Visa or MasterCard cards issued by a U.S. bank and/or a non-U.S. bank, or a Visa or MasterCard card that accesses a consumer’s asset account within 14 days after purchase, including but not limited to Visa or MasterCard issued stored value, prepaid, payroll, EBT, gift, or consumer check cards; (ii) “Other Card” – all Visa and MasterCard cards issued by a non-U.S. bank and all Visa or MasterCard cards other than Debit Cards, including but not limited to business and consumer credit cards and Visa and MasterCard business debit cards. These acceptance options apply only to U.S. issued Cards. The Visa and MasterCard Operating Regulations require merchants accepting any Card product bearing a Visa or MasterCard symbol to continue to accept both debit and credit card products issued by non-U.S. members.