Common use of Aggregated Charges Clause in Contracts

Aggregated Charges. If you are classified as an internet industry, you may process aggre- gated charges, provided the following criteria are met: • Clearly disclose your intent and obtain written consent from the Cardholder that their purchases or refunds (or both) on the Card may be aggregated and combined with other purchases or refunds (or both) before you request an Authorization. • Each individual purchase or refund (or both) that comprises the aggregated Charge must be incurred under the same merchant number and on the same Card. • Obtain a pre-Authorization of no more than $15. 00 • Create a Sales Draft for the full amount of the aggregated Charge. • The amount of the aggregated Charge must not exceed $15 or the amount for which you obtained pre-Authorization. • Submit each Sales Draft within our submission timeframe. • Provide the Cardholder with an email containing the date, amount, and description of each individual purchase or refund (or both) that comprises the aggregated Charge, and the date and the amount of the aggregated Charge.