Common use of Cards Clause in Contracts

Cards. 2.1 The Card is a commercial payment card which may be used to pay for goods and services at participating retailers. The virtual card is designed for use in online shops or for telephone purchases where the Card is not required to be physically present. The physical card may be used in shops and retail locations where the Cardholder is physically present or for online and other distance purchases. Your physical card (if not a virtual Card and only if enabled) may be permitted to make cash withdrawals from ATMs and banks that agree to provide this service. Like any payment card, We cannot guarantee that a particular retailer will accept the Card – Cardholders should check with the retailer before attempting the transaction if unsure. The Cardholder will not be able to use the Card to make any purchases from some retailers; such retailers have been blocked by Our systems in order to prevent the potential use of cards for unauthorised or unlawful activity. 2.2 The Card is a financial product, regulated by the Financial Supervisory Authority (“FSA”), Denmark. It is a commercial card, and is not directly linked to Your bank account. You must ensure that You have sufficient Available Funds or are covered by a sufficient line of credit in order for the Cardholder to pay for each purchase, payment or cash withdrawal using the Card. The Card is intended for use as a means of payment, and funds loaded onto the Card or Master Wallet do not constitute a deposit. You will not earn interest on the balance of the Master Xxxxxx. The Card will expire on the Expiry Date and will cease to work. Please check clause 9 of this Agreement for further information. 2.3 When the Cardholder receives a physical Card, it will be issued in an inactive state. The Cardholder will need to activate it by logging onto Your Online Account Centre and then following the activation request for the Card prior to use. 2.4 A virtual Card can be used immediately after it is generated and does not need to be activated.