Common use of General-use Gifts and Specific Gifts Clause in Contracts

General-use Gifts and Specific Gifts. The terms of Section 3.1 and 3.2 shall apply only to General-use Gifts and Specific Gifts, and not zGifts. Merchant will use the Yiftee Voucher redemption process described herein, unless otherwise agreed by the parties in writing. Recipient will receive a Virtual Gift Voucher for the Gift Value. Merchants will redeem each Voucher, in accordance with the terms and conditions herein, by running such voucher as a standard "Card Not Present"(CNP Voucher) transaction unless the Voucher is to be redeemed by a different process mutually agreed-upon by Yiftee and Merchant using specific third party redemption technology (POS Voucher). A CNP Voucher transaction is very similar to the way a merchant would process a credit card on a phoned-in order. Unless otherwise specified, ‘Voucher’ will refer to a CNP Voucher. POS Vouchers will be redeemed in accordance with the rules established by the provider of the POS Voucher systems and Yiftee will not be liable for any issues relating to the redemptions of POS Vouchers. Once a POS Voucher code has been viewed by Recipient, Yiftee considers it redeemed, although its redeemable value at the Merchant may still be available to Recipient. Merchant is remunerated for CNP Voucher redemptions via their normal credit/debit card processing system as Vouchers are redeemed, and for POS Voucher redemptions by a financial arrangement covered by separate agreement with Yiftee.

Appears in 4 contracts

Samples: Yiftee Merchant Agreement, Yiftee Merchant Agreement, Yiftee Merchant Agreement

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General-use Gifts and Specific Gifts. The terms of Section 3.1 and 3.2 shall apply only to General-use Gifts and Specific Gifts, and not zGifts. Merchant will use the Yiftee Voucher redemption process described herein, unless otherwise agreed by the parties in writing. Recipient will receive a Virtual Gift Voucher for the Gift Value. Merchants will redeem each Voucher, in accordance with the terms and conditions herein, by running such voucher as a standard "Card Not Present"(CNP Voucher) transaction unless the Voucher is to be redeemed by a different process mutually agreed-upon by Yiftee and Merchant using specific third third-party redemption technology (POS Voucher). A CNP Voucher transaction is very similar to the way a merchant would process a credit card on a phoned-in order. Unless otherwise specified, ‘Voucher’ will refer to a CNP Voucher. POS Vouchers will be redeemed in accordance with the rules established by the provider of the POS Voucher systems and Yiftee will not be liable for any issues relating to the redemptions of POS Vouchers. Once a POS Voucher code has been viewed by Recipient, Yiftee considers it redeemed, although its redeemable value at the Merchant may still be available to Recipient. Merchant is remunerated for CNP Voucher redemptions via their normal credit/debit card processing system as Vouchers are redeemed, and for POS Voucher redemptions by a financial arrangement covered by separate agreement with Yiftee.

Appears in 1 contract

Samples: Yiftee Merchant Agreement

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General-use Gifts and Specific Gifts. The terms of Section 3.1 and 3.2 shall apply only to General-use Gifts and Specific Gifts, and not zGifts. Merchant will use the Yiftee Voucher redemption process described herein, unless otherwise agreed by the parties in writing. Recipient will receive a Virtual Gift Voucher for the Gift Value. Merchants will redeem each Voucher, in accordance with the terms and conditions herein, by running such voucher as a standard "Card Not Present"(CNP Voucher) transaction unless the Voucher is to be redeemed by a different process mutually agreed-upon by Yiftee and Merchant Xxxxxxxx using specific third party redemption technology (POS Voucher). A CNP Voucher transaction is very similar to the way a merchant would process a credit card on a phoned-in order. Unless otherwise specified, ‘Voucher’ will refer to a CNP Voucher. POS Vouchers will be redeemed in accordance with the rules established by the provider of the POS Voucher systems and Yiftee will not be liable for any issues relating to the redemptions of POS Vouchers. Once a POS Voucher code has been viewed by Recipient, Yiftee considers it redeemed, although its redeemable value at the Merchant may still be available to Recipient. Merchant is remunerated for CNP Voucher redemptions via their normal credit/debit card processing system as Vouchers are redeemed, and for POS Voucher redemptions by a financial arrangement covered by separate agreement with Yiftee.

Appears in 1 contract

Samples: Yiftee Merchant Agreement

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