Installment Billing Transactions. A. If Merchant is so permitted by Bank, Merchant may offer Cardholders involved in Electronic Commerce Transactions or mail order/telephone order transactions an Installment Billing Transaction option. If Merchant offers an Installment Billing Option, Merchant must: (1) disclose in writing the terms, including but not limited to, whether the installment terms are limited to certain goods that a Cardholder may purchase; (2) disclose in writing any shipping and handling charges and any applicable tax; (3) inform a Cardholder not billed in the transaction currency of the Merchant that each Installment Billing Transaction amount may vary due to currency conversion rate fluctuations; (4) ensure that the sum of the Installment Billing Transactions does not include any finance charge or exceed the total price for the goods; and (5) Authorize all Card Transactions (zero floor limit).
Appears in 2 contracts
Samples: Processing Agreement, Processing Agreement
Installment Billing Transactions. A. If Merchant is so permitted by Bank, Merchant may offer Cardholders involved in Electronic Commerce Transactions or mail order/telephone order transactions an Installment Billing Transaction option. If Merchant offers an Installment Billing Option, Merchant must: (1) disclose in writing the terms, including but not limited to, whether the installment terms are limited to certain goods that a Cardholder may purchase; , (2) disclose in writing any shipping and handling charges and any applicable tax; , (3) inform a Cardholder not billed in the transaction currency of the Merchant that each Installment Billing Transaction amount may vary due to currency conversion rate fluctuations; , (4) ensure that the sum of the Installment Billing Transactions does not include any finance charge or exceed the total price for the goods; , and (5) Authorize all Card Transactions (zero floor limit).
Appears in 2 contracts
Samples: Processing Agreement, Processing Agreement