Amount of surcharge. Where you elect to charge a cardholder a surcharge in respect of a transaction, you must not impose a surcharge in excess of the reasonable cost of card acceptance.
Amount of surcharge. 6.1 Where you elect to charge a cardholder a surcharge in respect of a transaction you must comply with applicable ACCC and RBA regulation and standards.
6.2 You must not impose a surcharge in excess of the reasonable cost of card acceptance.
6.3 You must clearly disclose to the cardholder before the transaction is completed any surcharge that you will charge before completing the transaction.
6.4 You must not represent or otherwise imply that the surcharge is levied by a card scheme or by us or any financial institution.
Amount of surcharge. (a) Where you elect to charge a WeChat Pay User a surcharge in respect of a transaction, you must not impose a surcharge in excess of the reasonable cost of WeChat Pay acceptance.
(b) Upon request by PayPlus or WeChat Pay, you must produce supporting information to substantiate your costs of WeChat Pay acceptance. Where PayPlus dictates the format of the required substantiation, e.g. through use of a “reasonable cost of acceptance calculator”, you must provide details of your costs in the required format.
(c) Where required by WeChat Pay or PayPlus, you must submit, at your cost, to an audit of your costs of WeChat Pay acceptance by an independent auditor approved by WeChat Pay or PayPlus requiring the audit. The audit must be completed and results reported back to WeChat Pay or PayPlus within the timeframe specified by WeChat Pay or PayPlus.
(d) Where, following an investigation into your surcharging and cost of WeChat Pay acceptance, we or WeChat Pay determine that the amount that you are surcharging exceeds the reasonable costs of acceptance, we may, by 30 days’ notice to you, require you to reduce your surcharge level to an amount that does not exceed the reasonable costs of WeChat Pay acceptance.
(e) Without limiting any other rights that we may have under this agreement, we may, by notice to you, terminate this agreement if, following receipt of notice under this Section, you fail to reduce your surcharge level to an amount that does not exceed the reasonable costs of WeChat Pay acceptance.
Amount of surcharge. 6.1 Where you elect to charge a cardholder a surcharge in respect of a transaction, you must not impose a surcharge in excess of the reasonable cost of card acceptance.
6.2 Upon request by us or any card schemes, you must produce supporting information to substantiate your costs of card acceptance. Where the card scheme dictates the format of the required substantiation, eg. through use of a “reasonable cost of acceptance calculator”, you must provide details of your costs in the required format.
6.3 Where required by a card scheme, you must submit, at your cost, to an audit of your costs of card acceptance by an independent auditor approved by the card scheme requiring the audit. The audit must be completed and results reported back to the relevant card scheme within the timeframe specified by the card scheme.
6.4 Where, following an investigation into your surcharging and cost of card acceptance, we or a card scheme determine that the amount that you are surcharging exceeds the reasonable costs of card acceptance, we may by 30 days notice to you require you to reduce your surcharge level to an amount that does not exceed the reasonable costs of card acceptance.
6.5 Without limiting any other rights that we may have under this agreement, we may, by notice to you, terminate this agreement if, following receipt of notice under clause [5], you fail to reduce your surcharge level to an amount that does not exceed the reasonable costs of card acceptance.
6.6 You acknowledge that excessive surcharging by you could expose NAB to fines from card schemes. You agree to indemnify NAB against any fines imposed by card schemes in relation to your surcharging practices.
6.7 You acknowledge that card issuers may from time to time change the classification of a credit card (ie. standard or premium) and, as a result, when applying a surcharge rate to a cardholder, it cannot be guaranteed that the classification of the card (ie. standard or premium) on which you have based the surcharge will be same as the classification on which you are charged your merchant service fee in relation to the same transaction.
6.8 You must clearly disclose to the cardholder before the transaction is completed any surcharge that you will charge for completing the transaction, and do it in such a way that allows the transaction to be cancelled without the cardholder occurring any cost.
6.9 You must display on the payment page on your website a notice stating:
(a) that you charge a surcharge; an...
Amount of surcharge. 7.1 Where You elect to charge a Cardholder a Surcharge in respect of a Transaction, You must not impose a Surcharge in excess of the reasonable cost of Card acceptance.
7.2 Upon request by Us or any Card Schemes, You must produce supporting information to substantiate Your costs of Card acceptance. Where the Card Scheme dictates the format of the required substantiation, for example through use of a “reasonable cost of acceptance calculator”, You must provide details of Your costs in the required format of that Card Scheme.
7.3 Where required by a Card Scheme, You must submit, at Your cost, to an audit of Your costs of Card acceptance by an independent auditor approved by the Card Scheme requiring the audit. The audit must be completed and results reported back to the relevant Card Scheme within the timeframe specified by the Card Scheme.
7.4 Where, following an investigation into Your surcharging and cost of Card acceptance, We or a Card Scheme determine that the amount that You are surcharging exceeds the reasonable costs of card acceptance, We may by notice to You immediately require You to reduce Your Surcharge level to an amount that does not exceed the reasonable costs of card acceptance.
