Common use of RESTRICTIONS ON USE OF CARD Clause in Contracts

RESTRICTIONS ON USE OF CARD. 6.1 You must ensure that You have sufficient Available Funds or an adequate line of credit to pay for each purchase, payment or cash withdrawal using the Card. 6.2 The Card is not linked to a bank deposit account and may not be used as evidence of identity. 6.3 The Card may not be used for gambling or illegal purposes. Furthermore, certain types of transactions may be blocked. 6.4 The Master Wallet may only be loaded by the corporate customer in whose name the Card or Master Wallet is registered unless otherwise approved by Us. Loading by Cardholders or by another source is not permitted. The applicable Master Wallet Load Fees are provided in clause 4. 1. For the purposes of preventing fraud, money laundering, terrorist financing or any other financial crime We reserve the right to vary these limits and to decline any reload at any time. The Master Wallet and Card may only be loaded via channels and accounts that We approve. 6.5 Spending limits may apply to the Card and Master Wallet. 6.6 Any pre-authorisation amount (such as a hotel booking or car hire) will place a “hold” on Your Available Funds until the retailer sends Us the final payment amount of the purchase. Once the final payment amount is received, the pre-authorisation amount on hold will be removed. It may take up to 30 days for the hold to be removed. During the hold period, You and the Cardholders will not have access to the pre-authorised amount.

Appears in 6 contracts

Samples: Terms and Conditions, Terms and Conditions, Terms and Conditions

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RESTRICTIONS ON USE OF CARD. 6.1 You must ensure that You have sufficient Available Funds or an adequate line of credit to pay for each purchase, payment or cash withdrawal using the Card. 6.2 The Card is not linked to a bank deposit account and may not be used as evidence of identity. 6.3 The Card may not be used for gambling or illegal purposes. Furthermore, certain types of transactions may be blocked. 6.4 The Master Wallet may only be loaded by the corporate customer in whose name the Card or Master Wallet is registered unless otherwise approved by Us. Loading by Cardholders or by another source is not permitted. The applicable Master Wallet Load Fees are provided in clause 4.clause 14.1. For the purposes of preventing fraud, money laundering, terrorist financing or any other financial crime We reserve the right to vary these limits and to decline any reload at any time. The Master Wallet and Card may only be loaded via channels and accounts that We approve. 6.5 Spending limits may apply to the Card and Master Wallet. 6.6 Any pre-authorisation amount (such as a hotel booking or car hire) will place a “hold” on Your Available Funds until the retailer sends Us the final payment amount of the purchase. Once the final payment amount is received, the pre-authorisation amount on hold will be removed. It may take up to 30 days for the hold to be removed. During the hold period, You and the Cardholders will not have access to the pre-authorised amount.

Appears in 1 contract

Samples: Terms and Conditions

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