Common use of Merchant Policy Clause in Contracts

Merchant Policy. Merchant may limit returned merchandise or limit price adjustments, to the same extent as for sales not involving a Card, provided that Merchant clearly and properly discloses its policy to the Cardholder before the sale, the limits are clearly and properly disclosed on the Charge Record before the Cardholder signs it, and the purchased goods or services are delivered to the Cardholder at the time the Charge takes place. Proper disclosure means the words “NO REFUND,” “NO RETURNS,” “FINAL SALE,” “EXCHANGE ONLY,” or “IN STORE CREDIT ONLY” are printed in large letters near the signature line on all copies of the Charge Record prior to obtaining the Cardholder’s signature on the Charge Record. Merchant must advise Cardholder in writing of any policy of Merchant that provides for no‐cash refunds and in‐store credit only. Merchant shall follow Card Network reservation/no‐show policies, and shall notify Cardholders in writing of this policy on all advance reservations. Merchant shall also notify Cardholders at the time of the reservation of the exact number of days required for reservation deposit refunds. Merchant will submit any changes to its return policy to Bank in writing at least thirty (30) days before the change and will not implement any change to which Bank reasonably objects. Merchant’s policies will not override the Operating Rules, or any applicable law, rule, or regulation, and will not prevent Chargebacks to Merchant under the Operating Rules,any penalties, or other liability arising out of Merchant’s failure to comply with applicable laws, rules, or regulations. For the avoidance of any doubt, all of Merchant’s return and exchange policies must comply with all applicable Operating Rules and laws, rules, and regulations, and Merchant represents and warrants that its return and exchange policies are at all times in compliance with all applicable Operating Rules and laws, rules, and regulations.

Merchant Policy. Merchant may limit returned merchandise returnedmerchandise or limit price adjustments, to the same extent as for sales not involving a Card, provided that Merchant clearly and properly discloses its policy to the Cardholder before the sale, the limits are clearly and properly disclosed on the Charge Record before the Cardholder signs it, and the purchased goods or services are delivered to the Cardholder at the time the Charge takes place. Proper disclosure means the words “NO REFUND,” “NO RETURNS,” “FINAL SALE,” “EXCHANGE ONLY,” or “IN STORE CREDIT ONLY” are printed in large letters near the signature line on all copies of the Charge Record prior to obtaining the Cardholder’s signature on the Charge Record. Merchant must advise Cardholder in writing of any policy of Merchant that provides for no‐cash refunds and refundsand in‐store credit only. Merchant shall follow Card Network reservation/no‐show policies, and shall notify Cardholders in writing of this policy on all advance reservations. Merchant shall also notify Cardholders at the time thetime of the reservation of the exact theexact number of days required for reservation deposit refunds. Merchant will submit any changes to its return policy to Bank in writing at least thirty (30) days before the change and will not implement any change to which Bank reasonably objects. Merchant’s policies will not override the Operating Rules, or any applicable law, rule, or regulation, and will not prevent Chargebacks to Merchant under the Operating Rules,any penalties, or other liability arising out of Merchant’s failure to comply with applicable laws, rules, or regulations. For the avoidance of any doubt, all of Merchant’s return and exchange policies must comply with all applicable Operating Rules and laws, rules, and regulations, and Merchant represents and warrants that warrantsthat its return and exchange policies are at all times in compliance with all applicable Operating Rules and laws, rules, and regulations.

Merchant Policy. Merchant may limit returned merchandise returnedmerchandise or limit price adjustments, to the same extent as for sales not involving a Card, provided that providedthat Merchant clearly and properly discloses its policy to the Cardholder before the sale, the limits are clearly and properly disclosed on the Charge Record before the Cardholder signs it, and the purchased goods or services are delivered to the Cardholder at the time the Charge takes place. Proper disclosure means the words “NO REFUND,” “NO RETURNS,” “FINAL SALE,” “EXCHANGE ONLY,” or “IN STORE CREDIT ONLY” are printed in large letters near the signature line on all copies of the Charge Record prior to obtaining the Cardholder’s signature on the Charge Record. Merchant must advise Cardholder in writing of any policy of Merchant that provides for providesfor no‐cash refunds and refundsand in‐store credit only. Merchant shall follow Card Network reservation/no‐show policies, and shall notify Cardholders in writing of this policy on all advance reservations. Merchant shall also notify Cardholders at the time thetime of the reservation of the exact theexact number of days required daysrequired for reservation deposit refunds. Merchant will submit any changes to its return policy to Bank in writing at least thirty (30) days before the change and will not implement any change to which Bank reasonably objects. Merchant’s policies will not override the Operating Rules, or any applicable law, rule, or regulation, and will not prevent Chargebacks to Merchant under the Operating Rules,any penalties, or other liability arising out of Merchant’s failure to comply with applicable laws, rules, or regulations. For the avoidance of any doubt, all of Merchant’s return and exchange policies must comply with all applicable Operating Rules and laws, rules, and regulations, and Merchant represents and warrants that warrantsthat its return and exchange policies are at all times in compliance with all applicable Operating Rules and laws, rules, and regulations.