Common use of Merchant’s use of Card Data Clause in Contracts

Merchant’s use of Card Data. You agree not to use or disclose Card Data except for the purposes of obtaining authorisation from the card issuer, completing and settling the Card Transaction for which the Card Data was given to you, together with resolving any Chargeback or Reversal Dispute, or similar issues involving Card Transactions. PayPal is required by banking laws to refund payments lacking the payer’s authorisation, so your use of Card Data to carry out a Card Transaction must be authorised by the cardholder or it will subject to Reversal.

Appears in 16 contracts

Samples: Services Agreement, www.paypalobjects.com, www.paypalobjects.com

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Merchant’s use of Card Data. You agree not to use or disclose Card Data except for the purposes of obtaining authorisation authorization from the card issuer, completing and settling the Card Transaction for which the Card Data was given to you, together with resolving any Chargeback or Reversal Dispute, or similar issues involving Card Transactions. PayPal is required by banking laws to refund payments lacking the payer’s authorisationauthorization, so your use of Card Data to carry out a Card Transaction must be authorised authorized by the cardholder or it will subject to Reversal.

Appears in 8 contracts

Samples: Services Agreement, www.paypalobjects.com, www.paypalobjects.com

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