Common use of No Claim Against Cardholder Clause in Contracts

No Claim Against Cardholder. You will not have any claim against, or right to receive payment from a Cardholder unless Member Bank or Processor refuses to accept the Sales Draft or revokes its prior acceptance of the Sales Draft (after receipt of a chargeback or otherwise). You will not accept any payments from a Cardholder relating to previous charges for merchandise or services included in a Sales Draft, and if you receive such payment, you will promptly remit them to Member Bank. You may not reimburse a Cardholder in cash or check for any transaction.

Appears in 18 contracts

Samples: Merchant Processing Agreement, Merchant Processing Agreement, Merchant Processing Agreement

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No Claim Against Cardholder. You will not have any claim against, or right to receive payment from from, a Cardholder unless Member Bank or Processor refuses to accept the Sales Draft or revokes its prior acceptance of the Sales Sale Draft (after receipt of a chargeback Chargeback or otherwise). You will not accept any payments from a Cardholder relating to previous charges for merchandise or services included in a Sales Draft, and if you You receive such paymentpayments, you You will promptly remit them to Member BankProcessor. You may not reimburse a Cardholder in cash or check for any Card transaction.

Appears in 2 contracts

Samples: Merchant Processing Agreement, Merchant Processing Agreement

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No Claim Against Cardholder. You will not have any claim against, or right to receive payment from from, a Cardholder unless Member Bank or Processor 2AP refuses to accept the Sales Draft or revokes its prior acceptance of the Sales Draft (after receipt of a chargeback or otherwise). You will not accept any payments from a Cardholder relating to previous charges for merchandise or services included in a Sales Draft, and if you receive such paymentpayments, you promptly will promptly remit them to Member Bank2AP. You may not reimburse a Cardholder in cash or check for any Card transaction.

Appears in 1 contract

Samples: Merchant Processing Agreement (Gab AI Inc)

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