Common use of PRE-AUTHORIZED PAYMENTS Clause in Contracts

PRE-AUTHORIZED PAYMENTS. You are responsible for providing a merchant with adequate, correct and up-to-date information for any pre- authorized payment Transactions you wish to be charged to the Account, including advising a merchant if your Card number or Card expiry date changes. We are not liable if any pre-authorized payment Transactions cannot be posted to the Account and you are still liable to the merchant for those Transactions. If you want to stop any pre-authorized payment Transactions, you must contact the merchant first and then verify that they have followed your instructions. After you have contacted the merchant to cancel your preauthorized payment arrangements, you can contact us for further assistance if you need it. Certain merchants may register with Mastercard Worldwide Inc. to receive automatic updates regarding the Account such as changes to the Account number, Card expiry date and the status of the Account. Unless you opt-out by calling us at 0 000 000-0000 (or collect at 0 000 000-0000 if you are outside Canada and the U.S.), those merchants will continue to receive those updates. Since not all merchants will register to receive this service from Mastercard Worldwide Inc., you remain responsible for updating merchants with whom you have set up pre-authorized payments.

Appears in 2 contracts

Samples: Cardholder Agreement, Cardholder Agreement

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PRE-AUTHORIZED PAYMENTS. You are responsible for providing a merchant with adequate, correct and up-to-date information for any pre- pre-authorized payment Transactions transactions you wish to be charged to the your Account, including advising a merchant if your Card number or Card expiry date changes. We are not liable if any pre-authorized payment Transactions transactions cannot be posted to the your Account and you are still liable to the merchant for those Transactionsthese transactions. If you want to stop any pre-authorized payment Transactionstransactions, you must contact the merchant first and then verify check that they have followed your instructions. After you have contacted the merchant to cancel your preauthorized payment arrangementspayment, you can contact us for further assistance if you need it. Certain merchants may register with Mastercard Worldwide Inc. to receive automatic updates regarding the Account your Account, such as changes to the your Account number, Card expiry date and the status of the your Account. Unless you opt-out by calling us at 0 000 000-0000 (or collect at 0 000 000-0000 if you are outside Canada and the U.S.), those merchants will continue to receive those updates. Since not all merchants will register to receive this service from Mastercard Worldwide Inc., you remain responsible for updating merchants with whom you have set up pre-authorized payments.

Appears in 2 contracts

Samples: Cardholder Agreement, Cardholder Agreement

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