Common use of Minimum and Maximum Transactions Clause in Contracts

Minimum and Maximum Transactions. User may set a minimum transaction amount to accept a Card if: (a) the minimum transaction amount does not differentiate between card issuers; (b) the minimum transaction amount does not differentiate between MasterCard, Visa, or any other acceptance brand; and (c) the minimum transaction amount does not exceed ten dollars (or any higher amount established by the Federal Reserve). User may set a maximum transaction amount to accept a Card if User is a: (i) department, agency or instrumentality of the U.S. government; (ii) corporation owned or controlled by the U.S. government; or (iii) merchant whose primary business is reflected by one of the following MCCs: 8220, 8244, 8249; and the maximum transaction amount does not differentiate between MasterCard, Visa, or any other acceptance brand.

Minimum and Maximum Transactions. User may set a minimum transaction amount to accept a Card if: (a) the minimum transaction amount does not differentiate between card issuers; (b) the minimum transaction amount does not differentiate between MasterCard, Visa, or any other acceptance brand; and (c) the minimum transaction amount does not exceed ten dollars (or any higher amount established by the Federal Reserve). User may set a maximum transaction amount to accept a Card if User is a: (i) department, agency agency, or instrumentality of the U.S. government; (ii) corporation owned or controlled by the U.S. government; or (iii) merchant whose primary business is reflected by one of the following MCCs: 8220, 8244, 8249; and the maximum transaction amount does not differentiate between MasterCard, Visa, or any other acceptance brand.