Common use of Processing Credit Card Transactions Clause in Contracts

Processing Credit Card Transactions. When a Cardholder presents a credit card for payment, the Merchant agrees that it will: a. Sell goods and/or services at the ticketed or marked price; b. Not spread a purchase over more than one sales draft; c. Not charge fees or additional charges when a credit card is used for payment; d. Not require a minimum or maximum purchase amount before it will accept the card for payment. Pre-Authorized Lodging and Vehicle Rental Transactions Notwithstanding the terms and conditions of any written pre-authorization form, the sales draft amount of any lodging or vehicle rental transaction which has been pre-authorized shall include only the portion of the transaction, including any applicable taxes, evidencing a bona fide renting of real or personal property by Xxxxxxxx to a cardholder and shall not include any substantial charges. Nothing herein is intended to restrict the Merchant from putting into effect the terms and conditions of its pre- authorization form through means other than a card transaction. 1. The Merchant is responsible for issuing a credit voucher to cover any refund or other money adjustment unless CIBC FirstCaribbean has not credited the amount to its Merchant Account or if it has been charged back to its Merchant Account. The Merchant also agrees to settle all cardholder disputes and claims directly with the cardholders within a reasonable time. This clause shall survive termination of this Merchant Agreement.

Processing Credit Card Transactions. When a Cardholder presents a credit card for payment, the Merchant agrees that it will: a. Sell goods and/or services at the ticketed or marked price; b. Not spread a purchase over more than one sales draft; c. Not charge fees or additional charges when a credit card is used for payment; d. Not require a minimum or maximum purchase amount before it will accept the card for payment. Pre-Authorized Lodging and Vehicle Rental Transactions Notwithstanding the terms and conditions of any written pre-authorization form, the sales draft amount of any lodging or vehicle rental transaction which has been pre-authorized shall include only the portion of the transaction, including any applicable taxes, evidencing a bona fide renting of real or personal property by Xxxxxxxx to a cardholder and shall not include any substantial charges. Nothing herein is intended to restrict the Merchant from putting into effect the terms and conditions of its pre- pre-authorization form through means other than a card transaction. 1. The Merchant is responsible for issuing a credit voucher to cover any refund or other money adjustment unless CIBC FirstCaribbean has not credited the amount to its Merchant Account or if it has been charged back to its Merchant Account. The Merchant also agrees to settle all cardholder disputes and claims directly with the cardholders within a reasonable time. This clause shall survive termination of this Merchant Agreement.