Common use of Aggregated Charges Clause in Contracts

Aggregated Charges. 1) If we classify you in an internet industry, you may process Aggregated Charges provided the following criteria met: • You clearly disclose your intent and obtain written consent from the Cardmember 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; • Create a Charge Record for the full amount of the Aggregated Charge; • The amount of the Aggregated Charge must not exceed the amount as notified to you by us, or the amount for which you obtained Authorization, if lower; • Submit each Charge Record within our thirty (30) days. A Charge will be deemed “incurred” on the date of the first purchase or refund (or both) that comprises the Aggregated Charge; and • Provide the Cardmember with an e-mail containing: (A) The date, amount, and description of each individual purchase or refund (or both) that comprises the Aggregated Charge; and (B) The date and the amount of the Aggregated Charge.

Appears in 1 contract

Samples: Merchant Agreement

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Aggregated Charges. 1) If we We classify you You in an internet industry, you You may process Aggregated Charges provided the following criteria met: • You clearly disclose your Your intent and obtain written consent from the Cardmember that their purchases or refunds (or both) on the Card may be aggregated and combined with other purchases or refunds (or both) before you 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; . • Create a Charge Record for the full amount of the Aggregated Charge; . • The amount of the Aggregated Charge must not exceed the amount as notified notified to you You by usUs, or the amount for which you You obtained Authorization, if lower; . • Submit each Charge Record within our Our thirty (30) days. A Charge will be deemed “incurred” on the date of the first first purchase or refund (or both) that comprises the Aggregated Charge; and . • Provide the Cardmember with an e-mail containing: (A) The date, amount, and description of each individual purchase or refund (or both) that comprises the Aggregated Charge; and (B) The date and the amount of the Aggregated Charge.

Appears in 1 contract

Samples: Merchant Agreement

Aggregated Charges. 1) If we We classify you You in an internet industry, you You may process Aggregated Charges provided the following criteria met: • You clearly disclose your Your intent and obtain written consent from the Cardmember that their purchases or refunds (or both) on the Card may be aggregated and combined with other purchases or refunds (or both) before you 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; . • Create a Charge Record for the full amount of the Aggregated Charge; . • The amount of the Aggregated Charge must not exceed the amount as notified to you You by usUs, or the amount for which you You obtained Authorization, if lower; . • Submit each Charge Record within our Our thirty (30) days. A Charge will be deemed “incurred” on the date of the first purchase or refund (or both) that comprises the Aggregated Charge; and . • Provide the Cardmember with an e-mail containing: (A) The date, amount, and description of each individual purchase or refund (or both) that comprises the Aggregated Charge; and (B) The date and the amount of the Aggregated Charge.

Appears in 1 contract

Samples: Merchant Agreement

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Aggregated Charges. 1) If we classify you in an internet industry, you may process Aggregated Charges provided the following criteria met: • You clearly disclose your intent and obtain written consent from the Cardmember 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; • Create a Charge Record for the full amount of the Aggregated Charge; • The amount of the Aggregated Charge must not exceed the amount as notified notified to you by us, or the amount for which you obtained Authorization, if lower; • Submit each Charge Record within our thirty (30) days. A Charge will be deemed “incurred” on the date of the first first purchase or refund (or both) that comprises the Aggregated Charge; and • Provide the Cardmember with an e-mail containing: (A) The date, amount, and description of each individual purchase or refund (or both) that comprises the Aggregated Charge; and (B) The date and the amount of the Aggregated Charge.

Appears in 1 contract

Samples: Merchant Agreement

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