Common use of PRE-AUTHORIZED PAYMENTS Clause in Contracts

PRE-AUTHORIZED PAYMENTS. If you want to set up pre-authorized payments to be charged to the Card Account, you must make those arrangements directly with the merchant. You are responsible for giving the merchant the necessary information including telling the merchant if your Card information has changed. However, you agree that we may, but are not required to, provide the merchant with your new Card information if your Card information changes. We are not liable if any pre-authorized payment cannot be posted to your Card Account. The Primary Cardholder will be responsible for all pre-authorized payments charged to the Card Account, including pre-authorized payments charged to the Card Account by any Authorized User and including pre-authorized payments charged to the Card Account after this Agreement has ended, a Card is cancelled, or your Card Account is closed. If a Card is cancelled or your Card Account is closed, you must notify any merchants who have authorization to charge transactions to the Card Account of the Card cancellation or account closure. Although a Card may be cancelled or a Card Account may be closed, the Primary Cardholder will continue to be liable for any pre-authorized payment arrangements which may still be charged to the Card Account. If you wish to discontinue any such payments, you must provide written notice to the applicable merchant before the payment is charged to your Card Account and review your Statements to determine if the pre-authorized payments have in fact been discontinued. Depending on your agreement with the merchant and except if you are a resident of Québec, we may not, however, be able to discontinue the pre-authorized payments that have already been initiated.

Appears in 3 contracts

Samples: Financial Mastercard® Agreement, Financial Mastercard® Agreement, Financial Mastercard® Agreement

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PRE-AUTHORIZED PAYMENTS. If you want to set up pre-authorized payments to be charged to the Card Account, you must make those arrangements directly with the merchant. You are responsible for giving the merchant the necessary information including telling the merchant if your Card information has changed. However, you agree that we may, but are not required to, provide the merchant with your new Card information if your Card information changes. We are not liable if any pre-authorized payment cannot be posted to your the Card Account. The Primary Cardholder Owner will be responsible for all pre-authorized payments charged to the Card Account, including pre-authorized payments charged to the Card Account by any Authorized User and including pre-authorized payments charged to the Card Account after this Agreement has ended, a Card is cancelled, or your the Card Account is closed. If a Card is cancelled or your the Card Account is closed, you must notify any merchants who have authorization to charge transactions to the Card Account of the Card cancellation or account closure. Although a Card may be cancelled or a Card Account may be closed, the Primary Cardholder Owner will continue to be liable for any pre-authorized payment arrangements which may still be charged to the Card Account. If you wish to discontinue any such payments, you must provide written notice to the applicable merchant before the payment is charged to your the Card Account and review your the Statements to determine if the pre-authorized payments have in fact been discontinued. Depending on your agreement with the merchant and except if you are a resident of Québec, we may not, however, be able to discontinue the pre-authorized payments that have already been initiated.

Appears in 1 contract

Samples: Financial Mastercard® Agreement

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PRE-AUTHORIZED PAYMENTS. If you want to set up pre-authorized payments to be charged to the Card Account, you must make those arrangements directly with the merchant. You are responsible for giving the merchant the necessary information including telling the merchant if your Card information has changed. However, you agree that we may, but are not required to, provide the merchant with your new Card information if your Card information changes. We are not liable if any pre-authorized payment cannot be posted posed to your Card Account. The Each Primary Cardholder will be responsible for all pre-authorized payments charged to the Card Account, including pre-authorized payments charged to the Card Account by any Authorized User and including pre-authorized payments charged to the Card Account after this Agreement has ended, a Card is cancelled, or your Card Account is closed. If a Card is cancelled or your Card Account is closed, you must notify any merchants who have authorization to charge transactions to the Card Account of the Card cancellation or account closure. Although a Card may be cancelled or a Card Account may be closed, the each Primary Cardholder will continue to be liable for any pre-authorized payment arrangements which may still be charged to the Card Account. If you wish to discontinue any such payments, you must provide written notice to the applicable merchant before the payment is charged to your Card Account and review your Statements to determine if the pre-authorized payments have in fact been discontinued. Depending on your agreement with the merchant and except if you are a resident of Québecmerchant, we may not, however, be able to discontinue the pre-authorized payments that have already been initiatedpayments.

Appears in 1 contract

Samples: ® Personal Cardholder Agreement

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