Common use of Payments to Merchant for Valid Charges Clause in Contracts

Payments to Merchant for Valid Charges. (A) Merchant Bank will provide provisional credit to Merchant for each valid Charge which Merchant submits to Bank by crediting Merchant’s Settlement Account, provided Merchant Bank has received settlement for the valid Charge through the interchange procedures specified by the Card Network applicable to the Card used for the Charge (Bank does not provide payment for all Card types for which Authorization services are provided). Merchant Bank is not obligated to provide provisional credit to Merchant for Charges submitted that are not valid Charges, and may suspend or discontinue any provisional credit in Merchant Bank’s and/or Processor’s sole and absolute discretion, including for any reason that would justify termination of this Agreement. Each provisional credit from Merchant Bank to Merchant will be subject to Adjustment, including revocation, upon Bank’s further review and verification. Provisional credit to Merchant for a Charge disputed by a Cardholder for any reason is not final. (B) Merchant Bank may deduct from any payment to Merchant the amount of any Credit Voucher processed for Merchant, any Chargeback to Merchant, any amount to be deposited in the Reserve Account and any Processing Fees and Card Network fines or charges due from Merchant or due from an entity related to Merchant under a separate agreement with Merchant Bank. Merchant must immediately pay Bank the amount by which a Credit Voucher processed on any day exceeds valid Charges submitted on that day. Without limiting Bank’s remedies, Merchant Bank may obtain the amount due by deducting it from the Settlement Account, Reserve Account or other accounts of or funds due Merchant. (C) Merchant acknowledges that all payments and credits provided to Merchant are provisional and subject to suspension, to Chargebacks and to Adjustments in accordance with this Agreement and the Operating Rules.

Payments to Merchant for Valid Charges. (A) Merchant 1. Bank will provide provisional credit to Merchant for each valid Charge which Merchant submits to Bank by crediting Merchant’s Settlement Account, provided Merchant Bank has received settlement for the valid Charge through the interchange procedures specified by the Card Network Association applicable to the Card used for the Charge Charge. (Bank does not provide payment for all Card types for which Authorization services are provided). Merchant Bank is not obligated to provide provisional credit to Merchant for Charges submitted that are not valid Charges, and may suspend or discontinue any provisional credit in Merchant Bank’s and/or Processor’s sole and absolute discretion, including for any reason that would justify termination of this Agreement. Each provisional credit from Merchant Bank to Merchant will be subject to Adjustmentadjustment, including revocation, upon Bank’s further review and verification. Provisional credit to Merchant for a Charge disputed by a Cardholder for any reason is not final. (B) Merchant 2. Bank may deduct from any payment to Merchant the amount of any Credit Voucher processed for Merchant, any Chargeback to Merchant, any amount to be deposited in the Reserve Account and any Processing Fees and Card Network Association fines or charges due from Merchant or due from an entity related to Merchant under a separate agreement with Merchant BankMerchant. Merchant must immediately pay Bank the amount by which a Credit Voucher processed on any day exceeds valid Charges submitted on that day. Without limiting Bank’s remedies, Merchant Bank may obtain the amount due by deducting it from the Settlement Account, Reserve Account or other accounts of or funds due Merchant. (C) 3. Merchant acknowledges that all payments and credits provided to Merchant are provisional and subject to suspension, to Chargebacks and to Adjustments adjustments in accordance with this Agreement and the Operating Rules.

Payments to Merchant for Valid Charges. (A) Merchant Bank will provide provisional credit to Merchant for each valid Charge which Merchant submits to Bank by crediting Merchant’s Settlement Account, provided Merchant Bank has received settlement for the valid Charge through the interchange procedures specified by the Card Network applicable to the Card used for the Charge (Bank does not provide payment for all Card types for which Authorization services are provided). Merchant Bank is not obligated to provide provisional credit to Merchant for Charges submitted that are not valid Charges, and may suspend or discontinue any provisional credit in Merchant Bank’s and/or Processor’s sole and absolute discretion, including for any reason that would justify termination of this Agreement. Each provisional credit from Merchant Bank to Merchant will be subject to Adjustment, including revocation, upon Bank’s further review and verification. Provisional credit to Merchant for a Charge disputed by a Cardholder for any reason is not final. (B) Merchant Bank may deduct from any payment to Merchant the amount of any Credit Voucher processed for Merchant, any Chargeback to Merchant, any amount to be deposited in the Reserve Account and any Processing Fees and Card Network fines or charges due from Merchant or due from an entity related to Merchant under a separate agreement with Merchant Bank. Merchant Xxxxxxxx must immediately pay Bank the amount by which a Credit Voucher processed on any day exceeds valid Charges submitted on that day. Without limiting Bank’s remedies, Merchant Bank may obtain the amount due by deducting it from the Settlement Account, Reserve Account or other accounts of or funds due Merchant. (C) Merchant acknowledges that all payments and credits provided to Merchant are provisional and subject to suspension, to Chargebacks and to Adjustments in accordance with this Agreement and the Operating Rules.

Payments to Merchant for Valid Charges. (Aa) Merchant Bank will provide provisional credit to Merchant for each valid Charge Transaction which Merchant submits to Bank by crediting Merchant’s Settlement Account, provided Merchant Bank has received settlement for the valid Charge Transaction through the interchange Interchange procedures specified by the Card Network Association applicable to the Card used for the Charge Transaction (Bank does not provide payment for all Card types for which Authorization services are provided). Merchant Bank is not obligated to provide provisional credit to Merchant for Charges Transactions submitted that are not valid ChargesTransactions, and may suspend or discontinue any provisional credit in Merchant Bank’s and/or Processor’s sole and absolute discretion, including for any reason that would justify termination of this Merchant Agreement. Each provisional credit from Merchant Bank to Merchant will be subject to Adjustmentadjustment, including revocation, upon Bank’s further review and verification. Provisional credit to Merchant for a Charge disputed by a Cardholder for any reason is not final. (Bb) Merchant Bank may deduct from any payment to Merchant the amount of any Credit Voucher Transaction Receipt processed for Merchant, any Chargeback to Merchant, any amount to be deposited in the Reserve Account and any Processing Fees and amounts sufficient to reimburse Bank for the amount of any Card Network Association fines or charges due from Merchant or due from an entity related to Merchant under a separate agreement with Merchant BankMerchant. Merchant must immediately pay Bank the amount by which a Credit Voucher Transaction Receipt processed on any day exceeds valid Charges Transactions submitted on that day. Without limiting Bank’s remedies, Merchant Bank may obtain the amount due by deducting it from the Settlement Account, Reserve Account or other accounts of or funds due Merchant. (Cc) Merchant acknowledges that all payments and credits provided to Merchant are provisional and subject to suspension, to Chargebacks and to Adjustments in accordance with this Merchant Agreement and the Operating Rules.

Payments to Merchant for Valid Charges. (Aa) Merchant Bank will provide provisional credit to Merchant for each valid Charge Transaction which Merchant submits to Bank by crediting Merchant’s Settlement Account, provided Merchant Bank has received settlement for the valid Charge Transaction through the interchange Interchange procedures specified by the Card Network Association applicable to the Card used for the Charge Transaction (Bank does not provide payment for all Card types for which Authorization services are provided). Merchant Bank is not obligated to provide provisional credit to Merchant for Charges Transactions submitted that are not valid ChargesTransactions, and may suspend or discontinue any provisional credit in Merchant Bank’s and/or Processor’s sole and absolute discretion, including for any reason that would justify termination of this Merchant Agreement. Each provisional credit from Merchant Bank to Merchant will be subject to Adjustmentadjustment, including revocation, upon Bank’s further review and verification. Provisional credit to Merchant for a Charge disputed by a Cardholder for any reason is not final. (Bb) Merchant Bank may deduct from any payment to Merchant the amount of any Credit Voucher Transaction Receipt processed for Merchant, any Chargeback to Merchant, any amount to be deposited in the Reserve Account and any Processing Fees and amounts sufficient to reimburse Bank for the amount of any Card Network Association fines or charges due from Merchant or due from an entity related to Merchant under a separate agreement with Merchant BankMerchant. Merchant Xxxxxxxx must immediately pay Bank the amount by which a Credit Voucher Transaction Receipt processed on any day exceeds valid Charges Transactions submitted on that day. Without limiting Bank’s remedies, Merchant Bank may obtain the amount due by deducting it from the Settlement Account, Reserve Account or other accounts of or funds due Merchant. (Cc) Merchant acknowledges that all payments and credits provided to Merchant are provisional and subject to suspension, to Chargebacks and to Adjustments in accordance with this Merchant Agreement and the Operating Rules.