Common use of Acceptance of Payment Cards Clause in Contracts

Acceptance of Payment Cards. The Merchant undertakes to ensure that all personnel who han- dle Card Payments on behalf of the Merchant are informed of the content of the Agreement in advance, and that they have received the training required in order to satisfy the requirements of the Agreement. The Merchant must accept payment made with all valid Payment Cards of the card types that the Merchant has chosen to accept as payment for products and services at the relevant Merchant Outlet. The Merchant must always follow the instructions displayed on the payment terminal. If the Payment Card has a chip, the Merchant’s payment termi- nal must always read the Payment Card’s chip, except in cases where the payment is Contactless. If the chip cannot be read, the Merchant may complete the transaction using the magnetic stripe, if the Payment Card is permitting it. For transactions made using a magnetic stripe and signature, the Merchant must verify that the date and the amount on the Receipt are correct, and that the four last digits of the card num- ber appearing on the Receipt are identical to the card number on the Payment Card, if this number is embossed or printed on the Card. The Merchant must also verify that the signature on the Receipt corresponds to the signature on the Payment Card. The Cardholder is entitled to a copy of the Receipt for each Card Payment. Once the Card Payment has been completed, the Mer- chant must ensure that the Cardholder receives a Receipt, either in paper form or as an Electronic Receipt, if the Cardholder has consented to receive an Electronic Receipt. Regardless of the type of Receipt, the Receipt must contain at least the following information: „ The Merchant’s name and address, „ amount, „ Transaction Date, „ the last four digits of the card number, „ the Authorisation Code, „ signature (where appropriate), and „ delivery address (for Card Not Present-Transactions). In special circumstances, e.g. in connection with low value- transactions using Cardholder-Activated Terminals, Teller may approve the Cardholder-Activated Terminal not printing a receipt (e.g. in the case of soft drink vending machines). The Receipt may only show the last four digits of the card num- ber.

Appears in 1 contract

Samples: www.nets.eu

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Acceptance of Payment Cards. The Merchant undertakes to ensure that all personnel who han- dle handle Card Payments on behalf of the Merchant are informed of the content of the Agreement in advance, and that they have received the training required in order to satisfy the requirements of the Agreement. The Merchant must accept payment made with all valid Payment Cards of the card types that the Merchant has chosen to accept as payment for products and services at the relevant Merchant Outlet. ACQUIRING - TERMS AND CONDITIONS 7 / 21 Merchant is not obliged to accept payments with all card types within each Card Organisation (Visa, Mastercard etc.) included in this Agreement. Merchant have the right to refuse payment from a Cardholder using a card type the Merchant do not want to accept. If the Merchant accepts payment with a card type the merchant wish not to accept within one of the Card Organisations included in this Agreement, the transaction will be processed in accordance with the Agreement and price list. Further, if the Merchant choose not to accept payments with certain card types within a scheme the Merchant must inform the Cardholders of this in a clear and unequivocal manner at the same time as the Cardholders are informed of which card types the Merchant ac- cept. The Merchant must always follow the instructions displayed on the payment terminal. If the Payment Card has a chip, the Merchant’s payment termi- nal terminal must always read the Payment Card’s chip, except in cases where the payment is Contactless. If the chip cannot be read, the Merchant Mer- chant may complete the transaction using the magnetic stripe, if the Payment Card is permitting it. For transactions made using a magnetic stripe and signature, the Merchant must verify that the date and the amount on the Receipt Re- ceipt are correct, and that the four last digits of the card num- ber number appearing on the Receipt are identical to the card number on the Payment Card, if this number is embossed or printed on the Card. The Merchant must also verify that the signature on the Receipt corresponds to the signature on the Payment Card. The Cardholder is entitled to a copy of the Receipt for each Card Payment. Once the Card Payment has been completed, the Mer- chant Merchant must ensure that the Cardholder receives a Receipt, either in paper form or as an Electronic Receipt, if the Cardholder has consented to receive an Electronic Receipt. Regardless of the type of Receipt, the Receipt must contain at least the following information: „ The MerchantMerchant Outlet’s name and address, „ amount, „ Transaction Date, „ the last four digits of the card number, „ the Authorisation Code, „ signature (where appropriate), and „ delivery address (for Card Not Present-Transactions). In special circumstances, e.g. in connection with low value- transactions value-trans- actions using Cardholder-Activated Terminals, Teller Nets may approve the Cardholder-Activated Terminal not printing a receipt (e.g. in the case of soft drink vending machines). The Receipt may only show the last four digits of the card num- ber.

Appears in 1 contract

Samples: www.nets.eu

Acceptance of Payment Cards. The Merchant undertakes to ensure that all personnel who han- dle handle Card Payments on behalf of the Merchant are informed of the content of the Agreement in advance, and that they have received the training required in order to satisfy the requirements of the Agreement. The Merchant must accept payment made with all valid Payment Cards of the card types that the Merchant has chosen to accept as payment for products and services at the relevant Merchant Outlet. Merchant is not obliged to accept payments with all card types within each Card Organisation (Visa, MasterCard etc.) included in this Agreement. Merchant have the right to refuse payment from a Cardholder using a card type the Merchant do not want Villkor 7 / 23 to accept. If the Merchant accepts payment with a card type the Merchant wish not to accept within one of the Card Organisations included in this Agreement, the transaction will be processed in accordance with the Agreement and price list. Further, if the Merchant choose not to accept payments with certain card types within a scheme the Merchant must inform the Cardholders of this in a clear and unequivocal manner at the same time as the Cardholders are informed of which card types the Merchant ac- cept. The Merchant must always follow the instructions displayed on the payment terminal. If the Payment Card has a chip, the Merchant’s payment termi- nal terminal must always read the Payment Card’s chip, except in cases where the payment is Contactless. If the chip cannot be read, the Merchant Mer- chant may complete the transaction using the magnetic stripe, if the Payment Card is permitting it. For transactions made using a magnetic stripe and signature, the Merchant must verify that the date and the amount on the Receipt Re- ceipt are correct, and that the four last digits of the card num- ber number appearing on the Receipt are identical to the card number on the Payment Card, if this number is embossed or printed on the Card. The Merchant must also verify that the signature on the Receipt corresponds to the signature on the Payment Card. The Cardholder is entitled to a copy of the Receipt for each Card Payment. Once the Card Payment has been completed, the Mer- chant Merchant must ensure that the Cardholder receives a Receipt, either in paper form or as an Electronic Receipt, if the Cardholder has consented to receive an Electronic Receipt. Regardless of the type of Receipt, the Receipt must contain at least the following information: „ The MerchantMerchant Outlet’s name and address, „ amount, „ Transaction Date, „ the last four digits of the card number, „ the Authorisation Code, „ signature (where appropriate), and „ delivery address (for Card Not Present-Transactions). In special circumstances, e.g. in connection with low value- transactions value-trans- actions using Cardholder-Activated Terminals, Teller Nets may approve the Cardholder-Activated Terminal not printing a receipt (e.g. in the case of soft drink vending machines). The Receipt may only show the last four digits of the card num- ber.

Appears in 1 contract

Samples: Terms and Conditions

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Acceptance of Payment Cards. The Merchant undertakes to ensure that all personnel who han- dle handle Card Payments on behalf of the Merchant are informed of the content of the Agreement in advance, and that they have received the training required in order to satisfy the requirements of the Agreement. The Merchant must accept payment made with all valid Payment Cards of the card types that the Merchant has chosen to accept as payment for products and services at the relevant Merchant Outlet. Merchant is not obliged to accept payments with all card types within each Card Organisation (Visa, Mastercard etc.) included in this Agreement. Merchant have the right to refuse payment from a Cardholder using a card type the Merchant do not want Terms and Conditions for Acquiring Services 7 / 23 to accept. If the Merchant accepts payment with a card type the Merchant wish not to accept within one of the Card Organisations included in this Agreement, the transaction will be processed in accordance with the Agreement and price list. Further, if the Merchant choose not to accept payments with certain card types within a scheme the Merchant must inform the Cardholders of this in a clear and unequivocal manner at the same time as the Cardholders are informed of which card types the Merchant ac- cept. The Merchant must always follow the instructions displayed on the payment terminal. If the Payment Card has a chip, the Merchant’s payment termi- nal terminal must always read the Payment Card’s chip, except in cases where the payment is Contactless. If the chip cannot be read, the Merchant Mer- chant may complete the transaction using the magnetic stripe, if the Payment Card is permitting it. For transactions made using a magnetic stripe and signature, the Merchant must verify that the date and the amount on the Receipt Re- ceipt are correct, and that the four last digits of the card num- ber number appearing on the Receipt are identical to the card number on the Payment Card, if this number is embossed or printed on the Card. The Merchant must also verify that the signature on the Receipt corresponds to the signature on the Payment Card. The Cardholder is entitled to a copy of the Receipt for each Card Payment. Once the Card Payment has been completed, the Mer- chant Merchant must ensure that the Cardholder receives a Receipt, either in paper form or as an Electronic Receipt, if the Cardholder has consented to receive an Electronic Receipt. Regardless of the type of Receipt, the Receipt must contain at least the following information: „ The MerchantMerchant Outlet’s name and address, „ amount, „ Transaction Date, „ the last four digits of the card number, „ the Authorisation Code, „ signature (where appropriate), and „ delivery address (for Card Not Present-Transactions). In special circumstances, e.g. in connection with low value- transactions value-trans- actions using Cardholder-Activated Terminals, Teller Nets may approve the Cardholder-Activated Terminal not printing a receipt (e.g. in the case of soft drink vending machines). The Receipt may only show the last four digits of the card num- ber.

Appears in 1 contract

Samples: www.nets.eu

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