Common use of Limited Acceptance Clause in Contracts

Limited Acceptance. If appropriately indicated herein, Merchant shall be a Limited Acceptance Merchant, which means that Merchant has elected to accept only certain Visa and MasterCard card types as indicated on the Merchant Application, or via later notification. The Visa or MasterCard Credit acceptance option on the Merchant Application refers to Visa Credit and Business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), or (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard Credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Card brands other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Xxxx must be accepted if Merchant accepts MasterCard Card transactions of the same type). Bank has no obligation other than those expressly provided under the Operating Rules and applicable law as they may relate to Limited Acceptance. Bank’s obligations do not include policing card types at the point of sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing the card type(s) of transactions at the point of sale submitted for processing by Bank. Should Merchant submit a transaction for processing for a card type it has indicated it does not wish to accept, Bank may process that transaction and Merchant will pay the applicable fees, charges, and assessments associated with that transaction. Merchant will comply with any applicable laws and Operating Rules for the card type processed.

Appears in 9 contracts

Samples: Merchant Card Processing Agreement, Merchant Card Processing Agreement, Merchant Card Processing Agreement

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Limited Acceptance. 35.1 If appropriately indicated hereinon the Merchant Application, Merchant shall be a Limited Acceptance Merchantlimited acceptance merchant, which means that Merchant has elected to accept only certain Visa and MasterCard card Card types as indicated on the Merchant Application, or via later notification. The Visa or MasterCard Credit credit acceptance option on the Merchant Application refers to Visa Credit credit and Business business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), or (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard Credit credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card brands Brands other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Xxxx trademark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Neither Clearent nor Bank has no any obligation other than those expressly provided under the Operating Card Brand Rules and applicable law Law as they may relate to Limited Acceptancelimited acceptance. Neither Clearent’s nor Bank’s obligations do not include policing card types at the point of point-of- sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing the card Card Brand type(s) of transactions at the point of point-of-sale submitted for processing by BankClearent. Should Merchant submit a transaction Transaction for processing for a card type it has indicated it does not wish to accept, Bank Clearent may process that transaction Transaction and Merchant will pay the applicable fees, charges, and assessments associated with that transactionTransaction. Merchant will comply with any applicable laws Laws and Operating Card Brand Rules and other applicable rules and regulations for the card Card Brand type processed.

Appears in 8 contracts

Samples: Merchant Agreement, Merchant Agreement, Merchant Agreement

Limited Acceptance. If appropriately indicated herein, Merchant shall be a Limited Acceptance Merchant, which means that Merchant has elected to accept only certain Visa and MasterCard card types as indicated on the Merchant Application, or via later notification. The Visa or MasterCard Credit acceptance option on the Merchant Application refers to Visa Credit and Business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), or (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard Credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Card brands other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Xxxx Mark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Bank has no obligation other than those expressly provided under the Operating Rules and applicable law as they may relate to Limited Acceptance. Bank’s obligations do not include policing card types at the point of sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing the card type(s) of transactions at the point of sale submitted for processing by Bank. Should Merchant submit a transaction for processing for a card type it has indicated it does not wish to accept, Bank may process that transaction and Merchant will pay the applicable fees, charges, and assessments associated with that transaction. Merchant will comply with any applicable laws and Operating Rules for the card type processed.

Appears in 6 contracts

Samples: Merchant Card Processing Agreement, Merchant Card Processing Agreement, Merchant Card Processing Agreement

Limited Acceptance. If appropriately indicated herein, Merchant shall be a Limited Acceptance Merchant, which means that Merchant has elected to accept only certain Visa and MasterCard Mastercard card types as indicated on the Merchant Application, or via later notification. The Visa or MasterCard Mastercard Credit acceptance option on the Merchant Application refers to Visa Credit and Business transactions, and is what MasterCard Mastercard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Application, Merchant can elect (i) to accept only Visa or MasterCard Mastercard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), or (ii) to accept only Visa or MasterCard Mastercard Credit transactions, or (iii) to accept all Visa or MasterCard Mastercard Credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Mastercard Card types must accept all valid Visa or MasterCard Mastercard Card types issued by a non-U.S. issuer. Merchant is not required to accept Card brands other than Visa or MasterCard Mastercard in order to accept Visa or MasterCard Mastercard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Xxxx Mastercard Mark must be accepted if Merchant accepts MasterCard Mastercard Card transactions of the same type). Merchant Bank has and Processor have no obligation other than those expressly provided under the Operating Rules and applicable law as they may relate to Limited Acceptance. Member Bank’s and Processor’s obligations do not include policing card types at the point of sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing the card type(s) of transactions at the point of sale submitted for processing by BankProcessor. Should Merchant submit a transaction for processing for a card type it has indicated it does not wish to accept, Bank Processor may process that transaction and Merchant will pay the applicable fees, charges, and assessments associated with that transaction. Merchant will comply with any applicable laws and Operating Rules for the card type processed.

Appears in 5 contracts

Samples: Card Processing Agreement, Card Processing Agreement, Card Processing Agreement

Limited Acceptance. (a) If appropriately indicated hereinon the Merchant Application, Merchant shall be a Limited Acceptance Merchantlimited acceptance merchant, which means that Merchant Xxxxxxxx has elected to accept only certain Visa and MasterCard card Card types as indicated on the Merchant Application, or via later notification. The Visa or MasterCard Credit credit acceptance option on the Merchant Application refers to Visa Credit credit and Business business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), or (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard Credit credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card brands Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Xxxx Mark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Bank Provider has no obligation other than those expressly provided under the Operating Network Rules and applicable law Law as they may relate to Limited Acceptancelimited acceptance. BankProvider’s obligations do not include policing card types at the point of point-of-sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing the card Card Network type(s) of transactions at the point of point-of-sale submitted for processing by BankProvider. Should Merchant submit a transaction Transaction for processing for a card type it has indicated it does not wish to accept, Bank Provider may process that transaction Transaction and Merchant will pay the applicable fees, charges, and assessments associated with that transactionTransaction. Merchant will comply with any applicable laws Laws and Operating Network Rules and other applicable rules and regulations for the card Card Network type processed.

Appears in 3 contracts

Samples: Terms and Conditions, Mpa Terms and Conditions, Terms and Conditions

Limited Acceptance. (a) If appropriately indicated hereinon the Merchant Application, Merchant shall be a Limited Acceptance Merchantlimited acceptance merchant, which means that Merchant has elected to accept only certain Visa and MasterCard card Card types as indicated on the Merchant Application, or via later notification. The Visa or MasterCard Credit credit acceptance option on the Merchant Application refers to Visa Credit credit and Business business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), or (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard Credit credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card brands Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Xxxx must be accepted if Merchant accepts MasterCard Card transactions of the same type). Bank Provider has no obligation other than those expressly provided under the Operating Network Rules and applicable law Law as they may relate to Limited Acceptancelimited acceptance. BankProvider’s obligations do not include policing card types at the point of point-of-sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing the card Card Network type(s) of transactions at the point of point-of-sale submitted for processing by BankProvider. Should Merchant submit a transaction Transaction for processing for a card type it has indicated it does not wish to accept, Bank Provider may process that transaction Transaction and Merchant will pay the applicable fees, charges, and assessments associated with that transactionTransaction. Merchant will comply with any applicable laws Laws and Operating Network Rules and other applicable rules and regulations for the card Card Network type processed.

Appears in 3 contracts

Samples: Terms and Conditions, Merchant Agreement Terms and Conditions, Merchant Agreement Terms and Conditions

Limited Acceptance. (a) If appropriately indicated hereinon the Merchant Application, Merchant shall be a Limited Acceptance Merchantlimited acceptance merchant, which means that Merchant Xxxxxxxx has elected to accept only certain Visa and MasterCard card Card types as indicated on the Merchant Application, or via later notification. The Visa or MasterCard Credit credit acceptance option on the Merchant Application refers to Visa Credit credit and Business business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), or (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard Credit credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card brands Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Diner’sInternational Cards which also carry the MasterCard Xxxx Mark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Bank Provider has no obligation other than those expressly provided under the Operating Network Rules and applicable law andapplicable Law as they may relate to Limited Acceptancelimited acceptance. BankProvider’s obligations do not include policing card types at the point of point-of-sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not butnot limited to policing the card Card Network type(s) of transactions at the point of point-of-sale submitted for processing by BankProvider. Should Merchant submit a transaction Transaction for processing for a card type it has indicated it does not wish to accept, Bank may process Provider mayprocess that transaction Transaction and Merchant will pay the applicable fees, charges, and assessments associated with that transactionTransaction. Merchant will comply with any applicable laws Laws and Operating Network Rules and other applicable rules and regulations for the card Card Network type processed.

Appears in 3 contracts

Samples: Terms and Conditions, Terms and Conditions, Terms and Conditions

Limited Acceptance. (a) If appropriately indicated hereinon the Merchant Application, Merchant shall be a Limited Acceptance Merchantlimited acceptance merchant, which means that Merchant has elected to accept only certain Visa and MasterCard card Card types as indicated on the Merchant Application, or via later notification. The Visa or MasterCard Credit credit acceptance option on the Merchant Application refers to Visa Credit credit and Business business transactions, and is what MasterCard refers to as "Other Card" transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as "signature debit" transactions, whether or not an actual signature is required), or (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard Credit credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card brands Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s 's International Cards which also carry the MasterCard Xxxx must be accepted if Merchant accepts MasterCard Card transactions of the same type). Bank Provider has no obligation other than those expressly provided under the Operating Network Rules and applicable law Law as they may relate to Limited Acceptancelimited acceptance. Bank’s Provider's obligations do not include policing card types at the point of point-of-sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing the card Card Network type(s) of transactions at the point of point-of-sale submitted for processing by BankProvider. Should Merchant submit a transaction Transaction for processing for a card type it has indicated it does not wish to accept, Bank Provider may process that transaction Transaction and Merchant will pay the applicable fees, charges, and assessments associated with that transactionTransaction. Merchant will comply with any applicable laws Laws and Operating Network Rules and other applicable rules and regulations for the card Card Network type processed.

Appears in 3 contracts

Samples: Terms and Conditions, Terms and Conditions, Terms and Conditions

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Limited Acceptance. If appropriately indicated herein, Merchant shall be a Limited Acceptance Merchant, which means that Merchant has elected to accept only certain Visa and MasterCard card types as indicated on the Merchant Application, or via later notification. The Visa or MasterCard Credit acceptance option on the Merchant Application refers to Visa Credit and Business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Application, Merchant can elect (iA) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), or (iiB) to accept only Visa or MasterCard Credit transactions, or (iiiC) to accept all Visa or MasterCard Credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Card brands other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Xxxx must be accepted if Merchant accepts MasterCard Card transactions of the same type). Bank has no obligation other than those expressly provided under the Operating Rules and applicable law as they may relate to Limited Acceptance. Bank’s obligations do not include policing card types at the point of sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing the card type(s) of transactions at the point of sale submitted for processing by Bank. Should Merchant submit a transaction for processing for a card type it has indicated it does not wish to accept, Bank may process that transaction and Merchant will pay the applicable fees, charges, and assessments associated with that transaction. Merchant will comply with any applicable laws and Operating Rules for the card type processed.

Appears in 2 contracts

Samples: Merchant Card Processing Agreement, Merchant Card Processing Agreement

Limited Acceptance. 35.1 If appropriately indicated hereinon the Merchant Application, Merchant shall be a Limited Acceptance Merchantlimited acceptance merchant, which means that Merchant has elected to accept only certain Visa and MasterCard card Card types as indicated on the Merchant Application, or via later notification. The Visa or MasterCard Credit credit acceptance option on the Merchant Application refers to Visa Credit credit and Business business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), or (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard Credit credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card brands Brands other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Xxxx trademark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Neither Clearent nor Bank has no any obligation other than those expressly provided under this Merchant Agreement or the Operating Card Brand Rules and applicable law Law as they may relate to Limited Acceptancelimited acceptance. Neither Clearent’s nor Bank’s obligations do not include policing card types at the point of point-of-sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing the card Card Brand type(s) of transactions at the point of point-of-sale submitted for processing by BankClearent. Should Merchant submit a transaction Transaction for processing for a card type it has indicated it does not wish to accept, Bank Clearent may process that transaction Transaction and Merchant will pay the applicable fees, charges, and assessments associated with that transactionTransaction. Merchant will comply with any applicable laws Laws and Operating Card Brand Rules and other applicable rules and regulations for the card Card Brand type processed.

Appears in 2 contracts

Samples: Merchant Agreement, Merchant Agreement

Limited Acceptance. (a) If appropriately indicated hereinon the Merchant Application, Merchant shall be a Limited Acceptance Merchantlimited acceptance merchant, which means that Merchant has elected to accept only certain Visa and MasterCard card Card types as indicated on the Merchant Application, or via later notification. The Visa or MasterCard Credit credit acceptance option on the Merchant Application refers to Visa Credit credit and Business business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), or (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard Credit credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card brands Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Xxxx must be accepted if Merchant accepts MasterCard Card transactions of the same type). Bank Provider has no obligation other than those expressly provided under the Operating Network Rules and applicable law Law as they may relate to Limited Acceptancelimited acceptance. BankProvider’s obligations do not include policing card types at the point of point- of-sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing the card Card Network type(s) of transactions at the point of point-of-sale submitted for processing by BankProvider. Should Merchant submit a transaction Transaction for processing for a card type it has indicated it does not wish to accept, Bank Provider may process that transaction Transaction and Merchant will pay the applicable fees, charges, and assessments associated with that transactionTransaction. Merchant will comply with any applicable laws Laws and Operating Network Rules and other applicable rules and regulations for the card Card Network type processed.

Appears in 2 contracts

Samples: Terms and Conditions, Terms and Conditions

Limited Acceptance. (a) If appropriately indicated hereinon the Merchant Application, Merchant shall be a Limited Acceptance Merchantlimited acceptance merchant, which means that Merchant Xxxxxxxx has elected to accept only certain Visa and MasterCard card Card types as indicated on the Merchant Application, or via later notification. The Visa or MasterCard Credit credit acceptance option on the Merchant Application refers to Visa Credit credit and Business business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), or (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard Credit credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. nonU.S. issuer. Merchant is not required to accept Cards of Card brands Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Xxxx Mark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Bank Provider has no obligation other than those expressly provided under the Operating Network Rules and applicable law Law as they may relate to Limited Acceptancelimited acceptance. BankProvider’s obligations do not include policing card types at the point of point-of-sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing the card Card Network type(s) of transactions at the point of point-of-sale submitted for processing by BankProvider. Should Merchant submit a transaction Transaction for processing for a card type it has indicated it does not wish to accept, Bank Provider may process that transaction Transaction and Merchant will pay the applicable fees, charges, and assessments associated with that transactionTransaction. Merchant will comply with any applicable laws Laws and Operating Network Rules and other applicable rules and regulations for the card Card Network type processed.

Appears in 1 contract

Samples: Terms and Conditions

Limited Acceptance. If appropriately indicated herein, Merchant shall be a Limited Acceptance Merchant, which means that Merchant has elected to accept only certain Visa and MasterCard Mastercard card types as indicated on the Merchant Application, or via later notification. The Visa or MasterCard Mastercard Credit acceptance option on the Merchant Application refers to Visa Credit and Business transactions, and is what MasterCard Mastercard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Application, Merchant can elect (i) to accept only Visa or MasterCard Mastercard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), or (ii) to accept only Visa or MasterCard Mastercard Credit transactions, or (iii) to accept all Visa or MasterCard Mastercard Credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Mastercard Card types must accept all valid Visa or MasterCard Mastercard Card types issued by a non-U.S. issuer. Merchant is not required to accept Card brands other than Visa or MasterCard Mastercard in order to accept Visa or MasterCard Mastercard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Xxxx Mastercard Mark must be accepted if Merchant accepts MasterCard Mastercard Card transactions of the same type). Member Bank has and Processor have no obligation other than those expressly provided under the Operating Rules and applicable law as they may relate to Limited Acceptance. Member Bank’s and Processor’s obligations do not include policing card types at the point of sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing the card type(s) of transactions at the point of sale submitted for processing by BankProcessor. Should Merchant submit a transaction for processing for a card type it has indicated it does not wish to accept, Bank Processor may process that transaction and Merchant will pay the applicable fees, charges, and assessments associated with that transaction. Merchant will comply with any applicable laws and Operating Rules for the card type processed.

Appears in 1 contract

Samples: Card Processing Agreement

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