Common use of Authorisation of Transactions Clause in Contracts

Authorisation of Transactions. 24.4.1. The Merchant shall always perform authorisation of a payment transaction if the amount is equal to or exceeds the Authorisation Limit set by Nets for the Merchant Outlet in question or the Authorisa- tion Limit set by the issuer for a certain Payment Card or if the transaction type requires an Authori- sation unless otherwise agreed in writing with Nets. 24.4.2. In E-Commerce, Card Not Present-Transactions must always be authorised.

Appears in 3 contracts

Samples: Acquiring Agreement, Acquiring Agreement, Acquiring Agreement

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Authorisation of Transactions. 24.4.1. The Merchant shall always perform authorisation of a payment transaction if the amount is equal to or exceeds the Authorisation Limit set by Nets for the Merchant Outlet in question or the Authorisa- tion Authorisation Limit set by the issuer for a certain Payment Card or if the transaction type requires an Authori- sation Authorisation unless otherwise agreed in writing with Nets. 24.4.2. In E-Commerce, Card Not Present-Transactions must always be authorised.

Appears in 1 contract

Samples: Acquiring Agreement

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