Acceptance of Transactions. 4.1 The Merchant must seek (through the use of a Terminal, the relevant Payment Gateway or otherwise over the telephone at the number(s) specified by the Bank from time to time) and obtain an Approval Code from the Bank with respect to each Transaction proposed to be effected by the Merchant before accepting the Transaction or any Card or Card Details of any Consumer (as the case may be) for the purpose of effecting the Transaction. 4.2 The Merchant shall observe and comply with any and all instructions given by the Bank (whether through any Terminal, Payment Gateway or otherwise) in response to any request for an Approval Code for any Transaction. Without prejudice to the foregoing, if the Merchant receives a “Referral” message following such request, the Merchant shall contact the Bank through the telephone at the number(s) specified by the Bank for instructions. 4.3 Notwithstanding any term in the Agreement, the Bank shall not have any liability whatsoever to the Merchant in respect of any Transaction unless the Merchant had first sought, and the Bank had issued, an Approval Code for that Transaction. Nothing in the Agreement shall be construed as imposing any obligation on the Bank to issue an Approval Code with respect to any Transaction or at all. Any Approval Code issued by the Bank with respect to any Transaction shall not in any way preclude or prevent the Bank from relying upon any other provision in the Agreement to refuse or withhold any payment to the Merchant in respect of that Transaction or recover from the Merchant any amount paid to the Merchant in respect of that Transaction. 4.4 An Approval Code issued by the Bank shall be valid and remain in force only for the Specified Period. Unless otherwise specified or instructed by the Bank, the Merchant must seek and obtain a fresh Approval Code from the Bank with respect to a Transaction if the Merchant fails to complete the Transaction within the Specified Period. 4.1 If the Merchant has any reason to suspect or believe that the person seeking to use any Card, Card Details or PayLah! Account is not the Consumer or the circumstances in which the Card, Card Details, or PayLah! Account (as the case may be) is sought to be used are suspicious or unusual, the Merchant shall not process the Transaction and shall immediately inform the Bank of the same, and comply with such instructions as may be prescribed by the Bank.
Appears in 4 contracts
Samples: Acquisition Agreement, Standard Acquisition Conditions, Acquisition Agreement
