Common use of Card Acceptance Clause in Contracts

Card Acceptance. (a) Merchant has the option of limiting its card acceptance to any or all of the following card types: Visa prepaid debit, Visa signature debit, Visa credit (as applicable Rules may allow), MasterCard prepaid debit, MasterCard signature debit, MasterCard credit (as applicable Rules may allow), Discover Network prepaid debit, Discover Network signature debit, Discover credit (as applicable Rules may allow), and American Express credit (as applicable Rules may allow). Merchant’s Services will initially be set up to accept all debit and prepaid card types. To add credit cards or limit Merchant’s acceptance, Merchant may contact Service Providers and if allowed by the Rules such instructions will be implemented without unreasonable delay by Service Providers. (b) When accepting a Card, Merchant will follow the steps provided by Service Providers, and will: (i) Determine in good faith and to the best of its ability that the Card is valid on its face; (ii) Check the effective date (if any) and the expiration date of the Card, and, if physical card is presented, examine any card security features (such as a hologram) included on the Card; (iii) Obtain Authorization before completing any Transaction; (iv) Use commercially reasonable processes to determine the identity of the customer (including any applicable OFAC screening as indicated in the Merchant Application) and where Authorization is obtained, warrant the customer owns the Authorized Card; (v) Where applicable, enter a description of the goods sold or services provided and the price thereof (including any applicable taxes); (vi) Obtain the Cardholder’s electronic or physical signature on the Sales Draft, when required according to the