Common use of Payment Processing Issues Clause in Contracts

Payment Processing Issues. In the event that a chargeback or returned check causes any Company funds to be held, interrupts Company’s ability to process credit cards or checks, or causes Company’s merchant or bank account to be suspended or terminated, the Reseller shall become liable for all costs incurred, including but not limited to an hourly rate for time spent in remediation, delays to operations or as is necessary to resume normal operations. In the event that a chargeback relates to a transaction for telecommunications services rendered, or in the event that a check is returned due to a closed or non-existent account, fraud on a valid account, forged or incorrect account information, a criminal complaint will be filed and clauses (g – i) will be invoked immediately.

Payment Processing Issues. In the event that a chargeback or returned check causes any Company funds to be held, interrupts Company’s ability to process credit cards or checks, or causes Company’s merchant or bank account to be suspended or terminated, the Reseller shall become liable for all costs incurred, including but not limited to an hourly rate for time spent in remediation, delays to operations or as is necessary to resume normal operations. In the event that a chargeback relates to a transaction for telecommunications services rendered, or in the event that a check is returned due to a closed or non-existent account, fraud on a valid account, forged or incorrect account information, a criminal complaint will shall be filed and clauses (g 3i – ik) will be invoked immediately.