Direct Card Acceptance Clause Samples
Direct Card Acceptance. You acknowledge that if you reach certain monthly and/or annual sales volumes relating to American Express as set by American Express for the time being and from time to time, American Express may require you to enter into a direct contractual relationship with them. In this situation, American Express will set pricing for American Express transactions, and you will pay fees for American Express transactions directly to American Express.
Direct Card Acceptance. In the event your Charge Volume exceeds (1) $1,000,000 in a rolling twelve month period, or (2) $1,000,000 in any three consecutive months (“High CV Merchant”), American Express may convert you to a direct Card acceptance relationship. Upon conversion, you will be bound by American Express’ then-current Card Acceptance Agreement and corresponding pricing and fees.
Direct Card Acceptance. In the event Sub-Merchant Charge Volume exceeds (1) $1,000,000 in a rolling twelve month period, or (2) $100,000 in any three consecutive months (“High CV Merchant”), American Express may convert Sub-Merchant to a direct Card acceptance relationship. Upon conversion, Sub- Merchant will be bound by American Express’ then-current Card Acceptance Agreement and corresponding pricing and fees.