Common use of Method of Use Clause in Contracts

Method of Use. (1) When you use the Card for a CO Debit Transaction, have the Terminal read the Card or bring the Card to the CO Merchant to ask the CO Merchant to have the Card read by the terminal. Then confirm the amount of the Payment Liability displayed on the Terminal and enter the PIN of the Card carefully so that it will not be seen by third parties (including the employees of the CO Merchant). (2) CO Debit Transactions are not available in the following cases: (i) When the Terminal is not available due to power failure or breakdown; and (ii) if the amount used by the Card per day exceeds the maximum limit or does not reach the minimum limit designated by the CO Merchant (3) You cannot use the Card for a CO Debit Transaction in the following cases: (i) When you have entered a wrong PIN of the Card for more than the number of times designated by the Bank; (ii) when the debit amount using the Card per day has exceeded the scope designated by the Bank; (iii) when the Card (including the electronic record of the magnetic stripe) is destroyed; (iv) when you have presented a card which the Bank has not accepted to be used at the CO Merchant; and (v) when the application for a CO Debit Transaction appears to be suspicious (4) CO Debit Transactions are not available when the product to be purchased or services, etc. to be provided fall into the products or services, etc. that are designated by CO Merchants as unable to be purchased or provided through a CO Debit Transaction. (5) You cannot use the Card for a Cash-out Transaction when the CO Merchant has rejected the Cash-out Transaction based on the Agreement, including when the CO Merchant needs to secure an amount of cash needed for conducting the CO Merchant business. (6) CO Transactions are not available on the days or time zones designated by the Bank that CO Debit Transactions cannot be conducted. (7) Some CO Merchants need to pay fees for CO Debit Transactions. In such cases, the payment liabilities for the fees shall also be included in the Payment Liability stipulated in the next Article.

Appears in 4 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

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