CARD ACCEPTANCE REQUIREMENTS Sample Clauses
The Card Acceptance Requirements clause sets out the conditions and standards a merchant or service provider must follow when accepting payment cards. It typically details the types of cards accepted, the procedures for processing transactions, and any obligations regarding cardholder data security. By establishing clear rules for card acceptance, this clause helps prevent fraud, ensures compliance with payment network rules, and protects both the merchant and cardholders during transactions.
CARD ACCEPTANCE REQUIREMENTS. 5.1 You must:
(a) use reasonable care to detect forged or unauthorised signatures or the unauthorised use or forgery of a Card; and
(b) notify PayFac if You become aware of or suspect fraud on the part of a Cardholder; and
(c) not deliberately reduce the value of any one transaction by:
(i) splitting a transaction into two or more transactions; or
(ii) allowing a Cardholder to purchase items separately; and
(d) establish a fair policy for dealing with refunds and disputes about transactions and include information about that policy on Transaction Receipts as required by PayFac; and
(e) only submit a transaction as a refund to a Cardholder if it is a genuine refund of a previous sale transaction. The refund must be processed to the same card that was used in the original sales transaction and be for the original sale amount; and
(f) give refunds for transactions by means of credit and not in cash or cheque; and
(g) not process a refund transaction as a way of transferring funds between Your accounts; and
(h) if a transaction for a sale does not cover the full amount of the sale:
(i) in the situation in which the Card is used to make a deposit or pay an instalment You may accept the Card in payment of all or part of the outstanding balance; and
(ii) in any other circumstance You must obtain the balance due at the time the sale is completed in cash; and
(i) not state or set a minimum or maximum amount for a Card transaction without our prior written consent; and
(j) not ask a Cardholder to reveal their PIN or any other secret identifier; and
(k) contact PayFac for instructions if the identification of a Cardholder or the validity of the Card is uncertain; and
(l) not knowingly submit for processing any transaction that is illegal or that You should have known is illegal.
5.2 For remote transactions, you must:
(a) take reasonable steps to verify the identity of the Person You are dealing with, in order to confirm that they are the genuine Cardholder; and
(b) record reasonable identification details of the Person You are dealing with, as well as the commencement and expiry dates of the Card.
CARD ACCEPTANCE REQUIREMENTS. 5.1 You must:
(a) use reasonable care to detect forged or unauthorised signatures or the unauthorised use orforgery of a Card; and
(b) notify Latipay if You become aware of or suspect fraud on the part of a Cardholder; and
(c) not deliberately reduce the value of any one transaction by:
(i) splitting a transaction into two or more transactions; or
(ii) allowing a Cardholder to purchase items separately; and
(d) establish a fair policy for dealing with refunds and disputes about transactions and includeinformation about that policy on Transaction Receipts as required by Latipay; and
(e) only submit a transaction as a refund to a Cardholder if it is a genuine refund of a previous sale transaction. The refund must be processed to the same card that was used in the original sales transaction and be for the original sale amount; and
(f) give refunds for transactions by means of credit and not in cash or cheque; and
(g) not process a refund transaction as a way of transferring funds between Your accounts; and
(h) if a transaction for a sale does not cover the full amount of the sale:
(i) in the situation in which the Card is used to make a deposit or pay an instalment You may accept the Card in payment of all or part of the outstanding balance; and
(ii) in any other circumstance You must obtain the balance due at the time the sale is completed in cash; and
(iii) not state or set a minimum or maximum amount for a Card transaction without our prior written consent; and
CARD ACCEPTANCE REQUIREMENTS. You must:
CARD ACCEPTANCE REQUIREMENTS. 4.1 You must:
(a) use reasonable care to detect forged or unauthorised signatures or the unauthorised use or forgery of a Card; and
(b) notify PayFac if You become aware of or suspect fraud on the part of a Cardholder; and
(c) not deliberately reduce the value of any one transaction by: (i) splitting a transaction into two or more transactions; or
CARD ACCEPTANCE REQUIREMENTS. Licensee and its Affiliates shall, at all times during the Initial Term and any Renewal Term (as applicable) accept payment products issued by Licensor or any of its Affiliates as a form of payment for goods or services offered by Licensee and any of its Affiliates. Additionally, Licensee and its Affiliates shall not apply a [***] for payment with any payment product issued by Licensor or any of its Affiliates, except as otherwise specified in agreements governing Licensee’s and its Affiliates’ acceptance of the payment products issued by Licensor or any of its Affiliates.