Common use of Procedure for Refund Transactions Clause in Contracts

Procedure for Refund Transactions. If Merchant allows a Refund, Merchant must: (a) prepare and deliver to Chase Paymentech Transaction Data reflecting any such Refund within three (3) days of approving the Customer’s request for such Refund; (b) not permit the amount of a Refund to exceed the amount shown as the total on the original Transaction Receipt except by the exact amount required to reimburse the Customer for shipping charges that the Customer paid to return merchandise; (c) not accept any payment from a Customer as consideration for issuing a Refund; and (d) not give cash (or cash equivalent) refunds to a Customer in connection with a Transaction, unless required by law or permitted by the Payment Brand Rules.

Procedure for Refund Transactions. If If, under Merchant’s Refund Policy, Merchant allows a Refund, Merchant must: (a) shall prepare and deliver to Chase Paymentech Transaction Data reflecting any such Refund within three (3) days of approving the Customer’s request for such Refund; (b) not permit the . The amount of a Refund to cannot exceed the amount shown as the total on the original Transaction Receipt Data except by the exact amount required to reimburse the Customer for shipping charges that the Customer paid to return merchandise; (c) . Merchant shall not accept any payment from a Customer as consideration for issuing a Refund; and (d) . Merchant shall not give cash (or cash equivalent) refunds to a Customer in connection with a Transaction, unless required by law or permitted by the Payment Brand Rules.

Procedure for Refund Transactions. If Merchant allows a Refund, Merchant must: (a) prepare and deliver to Chase Paymentech a Transaction Data reflecting any such Refund within three (3) days of approving the Customer’s request for such Refund; (b) not permit the amount of a Refund to exceed the amount shown as the total on the original Transaction Receipt except by the exact amount required to reimburse the Customer for shipping charges that the Customer paid to return merchandise; (c) not accept any payment from a Customer as consideration for issuing a Refund; and (d) not give cash (or cash equivalent) refunds to a Customer in connection with a Transaction, unless required by law or permitted by the Payment Card Brand Rules.