Common use of Recurring Billing Charges Clause in Contracts

Recurring Billing Charges. 1) If you offer Cardmembers the option to make recurring Charges automatically for a series of separate purchases or payments, Cardmembers must sign a continuous authority form (“Continuous Authority Form”) authorizing you to charge their Card (“Recurring Billing Charges”). You must obtain a Continuous Authority Form before submitting the Recurring Billing Charge. The Continuous Authority Form must include: a. The Cardmember’s name; b. The Card number and signature; c. The Card expiry date; d. The expiry date of the Continuous Authority Form; e. The Cardmember’s billing address; f. The frequency of the Recurring Billing Charges e.g. weekly, monthly, quarterly; and g. A statement that the Cardmember may cancel the Continuous Authority Form at any time. Any renewal of authority will require a new Continuous Authority Form to be filled. You must retain Continuous Authority Forms for twenty-four (24) months from the date you submit the last Recurring Billing Charge. Before submitting to us each Recurring Billing Charge, you must obtain Authorization and submit to us a listing in a form and content agreed by us, which shall include details of your Establishment, the Cardmember and the Recurring Billing Charge in question, or complete a ROC with the word “Recurring” in the Cardmember’s signature panel. Once the Cardmember has provided written advice that he/she desires cancellation of your services relating to a Recurring Billing Charge, and where such cancellation does not violate any contractual or legal obligation on the part of the Cardmember, all future dealings must cease or will be at your financial risk.

Appears in 1 contract

Samples: Merchant Agreement

AutoNDA by SimpleDocs

Recurring Billing Charges. 1) If you offer offer Cardmembers the option to make recurring Charges automatically for a series of separate purchases or payments, Cardmembers must sign a continuous authority form (“Continuous Authority Form”) authorizing you to charge their Card (“Recurring Billing Charges”). You must obtain a Continuous Authority Form before submitting the Recurring Billing Charge. The Continuous Authority Form must include: a. The Cardmember’s name; b. The Card number and signature; c. The Card expiry date; d. The expiry date of the Continuous Authority Form; e. The Cardmember’s billing address; f. The frequency of the Recurring Billing Charges e.g. weekly, monthly, quarterly; and g. A statement that the Cardmember may cancel the Continuous Authority Form at any time. Any renewal of authority will require a new Continuous Authority Form to be filledfilled. You must retain Continuous Authority Forms for twenty-four (24) months from the date you submit the last Recurring Billing Charge. Before submitting to us each Recurring Billing Charge, you must obtain Authorization and submit to us a listing in a form and content agreed by us, which shall include details of your Establishment, the Cardmember and the Recurring Billing Charge in question, or complete a ROC with the word “Recurring” in the Cardmember’s signature panel. Once the Cardmember has provided written advice that he/she desires cancellation of your services relating to a Recurring Billing Charge, and where such cancellation does not violate any contractual or legal obligation on the part of the Cardmember, all future dealings must cease or will be at your financial financial risk.

Appears in 1 contract

Samples: Merchant Agreement

Recurring Billing Charges. (1) If you offer You offer Cardmembers the option to make recurring Charges automatically for a series of separate purchases or payments, Cardmembers must sign a continuous authority form (“Continuous Authority Form”) authorizing you You to charge Charge their Card (“Recurring Billing Charges”). You must obtain a Continuous Authority Form before submitting the Recurring Billing Charge. The Continuous Authority Form must include: a. (a) The Cardmember’s name;. b. (b) The Card number and signature;. c. (c) The Card expiry date;. d. (d) The expiry date of the Continuous Authority Form;. e. (e) The Cardmember’s billing address;. f. (f) The frequency of the Recurring Billing Charges e.g. weekly, monthly, quarterly; and. g. (g) A statement that the Cardmember may cancel the Continuous Authority Form at any time. Any renewal of authority will require a new Continuous Authority Form to be filledfilled. You must retain Continuous Authority Forms for twenty-four (24) months from the date you You submit the last Recurring Billing Charge. Before submitting to us Us each Recurring Billing Charge, you You must obtain Authorization and submit to us Us a listing in a form and content agreed by usUs, which shall include details of your Your Establishment, the Cardmember and the Recurring Billing Charge in question, or complete a ROC with the word “Recurring” in the Cardmember’s signature panel. Once the Cardmember has provided written advice that he/she desires cancellation of your Your services relating to a Recurring Billing Charge, and where such cancellation does not violate any contractual or legal obligation on the part of the Cardmember, all future dealings must cease or will be at your financial Your financial risk.

Appears in 1 contract

Samples: Merchant Agreement

AutoNDA by SimpleDocs

Recurring Billing Charges. (1) If you offer You offer Cardmembers the option to make recurring Charges automatically for a series of separate purchases or payments, Cardmembers must sign a continuous authority form (“Continuous Authority Form”) authorizing you You to charge Charge their Card (“Recurring Billing Charges”). You must obtain a Continuous Authority Form before submitting the Recurring Billing Charge. The Continuous Authority Form must include: a. (a) The Cardmember’s name;. b. (b) The Card number and signature;. c. (c) The Card expiry date;. d. (d) The expiry date of the Continuous Authority Form;. e. (e) The Cardmember’s billing address;. f. (f) The frequency of the Recurring Billing Charges e.g. weekly, monthly, quarterly; and. g. (g) A statement that the Cardmember may cancel the Continuous Authority Form at any time. Any renewal of authority will require a new Continuous Authority Form to be filled. You must retain Continuous Authority Forms for twenty-four (24) months from the date you You submit the last Recurring Billing Charge. Before submitting to us Us each Recurring Billing Charge, you You must obtain Authorization and submit to us Us a listing in a form and content agreed by usUs, which shall include details of your Your Establishment, the Cardmember and the Recurring Billing Charge in question, or complete a ROC with the word “Recurring” in the Cardmember’s signature panel. Once the Cardmember has provided written advice that he/she desires cancellation of your Your services relating to a Recurring Billing Charge, and where such cancellation does not violate any contractual or legal obligation on the part of the Cardmember, all future dealings must cease or will be at your Your financial risk.

Appears in 1 contract

Samples: Merchant Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!