Common use of Limited Acceptance Clause in Contracts

Limited Acceptance. You have the option to elect to be a Limited Acceptance Provider and only accept certain Visa, Mastercard or other Card Network Card types (“Limited Acceptance”). Processor, Bank and their designated vendors have no obligations with regard to Limited Acceptance except those expressly stated in the Rules, Operating Regulations or the Laws. Processor, Bank and their vendors have no obligation to monitor, review, or oversee card types accepted by You at the point of sale. If You elect to be a Limited Acceptance Provider, Y ou are solely responsible for implementing your Limited Acceptance and for paying all costs related thereto. Should You submit a transaction involving a Card type You have indicated You do not wish to accept, Processor, Bank and/or their designated vendors may process that transaction and Y ou will be s o le ly responsible for all fees, charges and assessments related to that transaction. A general description of Visa/Mastercard card types are: (a) Consumer Credit: a consumer credit card issued by a U.S. Issuer or a commercial credit card issued by a non-U.S. Issuer, this category does not include Visa or Mastercard branded signature-based debit cards; (b) Consumer Debit: a Visa or Mastercard branded signature-based debit card (including certain stored-value and prepaid cards); and (c) Business Credit: a Visa or Mastercard branded credit card issued by a U.S. Issuer that bears the descriptive term “Business Card,” “Corporate Card,” “Purchasing Card,” “Fleet Card,” or similar descriptive term indicated pursuant to the Rules. If You elected to be a Limited Acceptance Provider on the Merchant Application, then You will be deemed as such by Processor and shall accept only the Visa and/or Mastercard types indicated on the Merchant Application.

Limited Acceptance. You have the option to elect to be a Limited Acceptance Provider and only accept certain Visa, Mastercard or other Card Network Card types (“Limited Acceptance”). Processor, Bank and their designated vendors have no obligations with regard to Limited Acceptance except those expressly stated in the Rules, Operating Regulations or the Laws. Processor, Bank and their vendors have no obligation to monitor, review, or oversee card types accepted by You at the point of sale. If You elect to be a Limited Acceptance Provider, Y ou are solely responsible for implementing your Limited Acceptance and for paying all costs related thereto. Should You submit a transaction involving a Card type You have indicated You do not wish to accept, Processor, Bank and/or their designated vendors may process that transaction and Y ou will be s o le ly responsible for all fees, charges and assessments related to that transaction. A general description of Visa/Mastercard card types are: (a) Consumer Credit: a consumer credit card issued by a U.S. Issuer or a commercial credit card issued by a non-U.S. Issuer, this category does not include Visa or Mastercard branded signature-based debit cards; (b) Consumer Debit: a Visa or Mastercard branded signature-based debit card (including certain stored-value and prepaid cards); and (c) Business Credit: a Visa or Mastercard branded credit card issued by a U.S. Issuer that bears the descriptive term “Business Card,” “Corporate Card,” “Purchasing Card,” “Fleet Card,” or similar descriptive term indicated pursuant to the Rules. If You elected to be a Limited Acceptance Provider on the Merchant Application, then You will be deemed as such by Processor and shall accept only the Visa and/or Mastercard types indicated on the Merchant ApplicationMerchantApplication.

Limited Acceptance. You have the option to elect If so indicated below, Xxxxxxxx acknowledges and agrees that it wishes to be a Limited Acceptance Provider Merchant, which means that Xxxxxxxx has elected to accept only certain VISA/MasterCard card types as indicated below, or via later notification. Xxxxxxxx further acknowledges and only accept certain Visa, Mastercard or agrees that Acquirer has no obligation other Card Network Card types (“Limited Acceptance”). Processor, Bank and their designated vendors have no obligations with regard to Limited Acceptance except than those expressly stated in provided under the Rules, Operating Regulations or the Laws. Processor, Bank and their vendors have no obligation applicable law as they may relate to monitor, review, or oversee limited acceptance and that Acquirer’s obligations do not include policing card types accepted by You at the point of sale. If You elect to be As a Limited Acceptance ProviderMerchant, Y ou are Merchant will be solely responsible for implementing your the implementation of its decision for Limited Acceptance and Acceptance. Merchant will be solely responsible for paying all costs related theretopolicing, at the point of sale, the card type(s) of transactions it submits for processing by Acquirer. Should You Merchant submit a transaction involving for processing for a Card card type You have it has indicated You do it does not wish to accept, Processor, Bank and/or their designated vendors Acquirer may process that transaction and Y ou Merchant will be s o le ly responsible for all pay the applicable fees, charges charges, and assessments related to associated with that transaction. A For Merchant’s convenience, a general description of VisaVISA/Mastercard MasterCard card types are: (a) ○ Consumer Credit: Credit - a consumer credit card issued by a U.S. Issuer or a commercial credit card issued by a non-U.S. Issuer, ; this category does not include Visa VISA or Mastercard MasterCard branded signature-based debit cards; (b) . ○ Consumer Debit: Debit - a Visa VISA or Mastercard MasterCard branded signature-signature- based debit card (including certain stored-value and prepaid cards); and (c) Business Credit: . ○ Commercial - a Visa VISA or Mastercard MasterCard branded credit card issued by a U.S. Issuer that bears the descriptive term “Business Card,” ”, “Corporate Card,” ”, “Purchasing Card,” ”, “Fleet Card,” ”, or similar descriptive term indicated pursuant to the Rules. If You elected to be a Limited Acceptance Provider on the Merchant Application, then You will be deemed as such by Processor and shall accept only the Visa and/or Mastercard types indicated on the Merchant ApplicationOperating Regulations.

Limited Acceptance. You have the option to elect If so indicated below, Merchant acknowledges and agrees that it wishes to be a Limited Acceptance Provider merchant, which means that Merchant has elected to accept only certain VISA/MasterCard card types as indicated below, or via later notification. Merchant further acknowledges and only accept certain Visa, Mastercard or agrees that Processor has no obligation other Card Network Card types (“Limited Acceptance”). Processor, Bank and their designated vendors have no obligations with regard to Limited Acceptance except than those expressly stated in provided under the Rules, Operating Regulations or the Laws. and applicable law as they may relate to limited acceptance and that Processor, Bank and their vendors have no obligation to monitor, review, or oversee ’s obligations do not include policing card types accepted by You at the point of sale. If You elect to be As a Limited Acceptance ProviderMerchant, Y ou are Merchant will be solely responsible for implementing your the implementation of its decision for Limited Acceptance and Acceptance. Merchant will be solely responsible for paying all costs related theretopolicing, at the point of sale, the card type(s) of transactions it submits for processing by Processor. Should You Merchant submit a transaction involving for processing for a Card card type You have it has indicated You do it does not wish to accept, Processor, Bank and/or their designated vendors Processor may process that transaction and Y ou Merchant will be s o le ly responsible for all pay the applicable fees, charges charges, and assessments related to associated with that transaction. A For Merchant’s convenience, a general description of VisaVISA/Mastercard MasterCard card types are: (a) a. Consumer Credit: Credit - a consumer credit card issued by a U.S. Issuer or a commercial credit card issued by a non-U.S. Issuer, ; this category does not include Visa VISA or Mastercard MasterCard branded signature-based debit cards; (b) . b. Consumer Debit: Debit - a Visa VISA or Mastercard MasterCard branded signature-based debit card (including certain stored-value and prepaid cards); and (c) Business Credit: . c. Commercial - a Visa VISA or Mastercard MasterCard branded credit card issued by a U.S. Issuer that bears the descriptive term “Business Card,” ”, “Corporate Card,” ”, “Purchasing Card,” ”, “Fleet Card,” ”, or similar descriptive term indicated pursuant to the RulesOperating Regulations. If You elected Only if checked below, Merchant wishes to be a Limited Acceptance Provider on the Merchant, which means that Merchant Application, then You will be deemed as such by Processor and shall accept only the Visa and/or Mastercard VISA/MASTERCARD card types indicated on the Merchant Applicationbelow: ? VISA Credit Cards ? VISA Debit Cards (signature based) ? MasterCard Credit ? MasterCard Debit Cards (signature based) 37.

Limited Acceptance. You have the option to elect to be a Limited Acceptance Provider and only accept only certain Visa, Mastercard or other Card Network Card types (“Limited Acceptance”). Processor2AP, Bank and their designated vendors have no obligations with regard to Limited Acceptance except those expressly stated in the Rules, Operating Regulations or the Laws. Processor2AP, Bank and their designated vendors have no obligation to monitor, review, or oversee police card types accepted by You you at the point of sale. If You you elect to be a Limited Acceptance Provider, Y ou you are solely responsible for implementing your Limited Acceptance and for paying all costs related thereto. Should You you submit a transaction involving a Card type You you have indicated You you do not wish to accept, Processor2AP, Bank and/or their designated vendors may process that transaction and Y ou you will be s o le ly responsible for all fees, charges and assessments related to that transaction. A general description of Visa/Mastercard card types are: (a) Consumer Credit: a consumer credit card issued by a U.S. Issuer or a commercial credit card issued by a non-U.S. Issuer, this category does not include Visa or Mastercard branded signature-based debit cards; (b) Consumer Debit: a Visa or Mastercard branded signature-based debit card (including certain stored-value and prepaid cards); and (c) Business Credit: a Visa or Mastercard branded credit card issued by a U.S. Issuer that bears the descriptive term “Business Card,” “Corporate Card,” “Purchasing Card,” “Fleet Card,” or similar descriptive term indicated pursuant to the Rules. If You elected indicated on the Merchant Application, Provider agrees to elect to be a Limited Acceptance Provider on the Merchant Application, then You and will be deemed as such by Processor and shall accept only the Visa and/or Mastercard types indicated on the Merchant Application.