Common use of Excessive Chargebacks Clause in Contracts

Excessive Chargebacks. MPay and/or Acquirer will notify Sponsored Merchant if its Chargebacks in any particular category determined by MPay and/or Acquirer has or is in threat of exceeding the threshold as shall be determined by MPay and/or Acquirer in its discretion. Sponsored Merchant must take immediate action to rectify the situation. Failure to resolve the cause of the problem will result in “Excessive Chargebacks fines” imposed by the Card Associations which shall be passed on to and be borne by Sponsored Merchant.

Excessive Chargebacks. MPay ManagePay and/or Acquirer will notify Sponsored Merchant if its Chargebacks in any particular category determined by MPay and/or the Acquirer has or is in threat of exceeding the threshold as shall be determined by MPay ManagePay and/or Acquirer in its discretion. Sponsored Merchant must take immediate action to rectify the situation. Failure to resolve the cause of the problem will result in “Excessive Chargebacks fines” imposed by the Card Associations which shall be passed on to and be borne by Sponsored Merchant.

Excessive Chargebacks. MPay and/or Acquirer will notify Sponsored Merchant if its Chargebacks in any particular category determined by MPay and/or Acquirer has or is in threat of exceeding the threshold as shall be determined by MPay and/or Acquirer in its discretion. Sponsored Merchant Xxxxxxxx must take immediate action to rectify the situation. Failure to resolve the cause of the problem will result in “Excessive Chargebacks fines” imposed by the Card Associations which shall be passed on to and be borne by Sponsored Merchant.