Common use of Responsibility for Transactions Clause in Contracts

Responsibility for Transactions. Merchant shall be fully responsible for the Transactions, including in relation to any cancellation or cancellation request of a Transaction, including due to a Dispute, Refund of a Transaction, or the reversal or return of a Transaction conducted, facilitated or initiated by Givex, Payment Card Networks, other Processor, or acquiring banks (“Reversal”) (a “Transaction Cancellation”). Givex is not responsible or liable to Merchant or any third- party for any Transaction Cancellation and Merchant shall be liable to Givex for the Cancellation Costs associated with a Transaction Cancellation. Givex and Processor shall have the right to deduct Transaction Cancellation amounts and Cancellation Costs from any Settlement Amounts payable to Merchant and in accordance with Section 3.13 hereunder. If Givex is not able to deduct the amounts or otherwise collect such amounts in accordance with Section 3.13, Merchant shall pay the Transaction Cancellation amount and Cancellation Costs immediately upon Givex’s first written notice. All Transaction Cancellations must be done through the GivexPay Services and Processing Services and may require the payment of certain service fees as set forth in the Acceptance Form and Order Form (if applicable).

Responsibility for Transactions. Merchant shall be fully responsible for the Transactions, including in relation to any cancellation or cancellation request of a Transaction, including due to a Dispute, Refund of a Transaction, or the reversal or return of a Transaction conducted, facilitated or initiated by Givex, Payment Card Networks, other Processor, or acquiring banks (“Reversal”) (a “Transaction Cancellation”). Givex is not responsible or liable to Merchant or any third- third party for any Transaction Cancellation and Merchant shall be liable to Givex for the Cancellation Costs associated with a Transaction Cancellation. Givex and Processor shall have the right to deduct Transaction Cancellation amounts and Cancellation Costs from any Settlement Amounts payable to Merchant and in accordance with Section 3.13 hereunder. If Givex is not able to deduct the amounts or otherwise collect such amounts in accordance with Section 3.13, Merchant shall pay the Transaction Cancellation amount and Cancellation Costs immediately upon Givex’s first written notice. All Transaction Cancellations must be done through the GivexPay Services and Processing Services and may require the payment of certain service fees as set forth in the Acceptance Form and Order Form (if applicable).