RIGHTS AND OBLIGATIONS OF THE MERCHANT. 3.1 Under the Agreement, the Merchant shall:
3.1.1 Open a current account with TBC Bank JSC (unless he/she/it already has one), where to transfer funds under the Agreement;
3.1.2 After the Bank ensures that the payment gateway is integrated into the Merchant’s website, display the information about card payment rules on the online store’s website;
3.1.3 Sell goods/services via online store in line with his/her/its field of business;
3.1.4 Pay the Bank the following amounts within 3 (three) business days of the Bank’s notice: • Reversals; • Transactions disputed by the card issuer (chargebacks); • Penalties/payments imposed by the International Payment System on the Bank due to an incident observed with/ charges laid against the Merchant; • Any type of loss/damage caused to the Bank due to incorrect/inaccurate information about the Bank spread by the Merchant.
3.1.5 Report to the Bank in writing any changes in his/her/its contact details (legal/physical address, bank details, telephone number, fax number, e-mail address), as well as in his/her/its status (including, legal status, field of business, liquidation, bankruptcy) as soon as these changes are put into effect;
3.1.6 Observe the International Payment Systems’ requirements for merchants with e-commerce websites, which are provided in Annex #1;
3.1.7 Fulfil the requirements set forth in Sub-Paragraph 3.1.4 of the Agreement with respect to each authorized transaction within 180 (one hundred and eighty) days after the Bank transmits it to the International Payments Systems. Thus, the Bank has the right to deduct by direct debit the amounts indicated in Sub-Paragraph 3.1.4 hereof from the Merchant’s Insurance Reserve and/or other accounts within 180 (one hundred and eighty) days after an authorized transaction is transmitted by the Bank to the International Payments Systems;
3.1.8 Ensure that the Bank has free access to all Internet and/or other information resources which the Merchant uses for the sale of goods/services;
3.1.9 Use exclusively TBC Bank’s e-commerce services for VISA/ Mastercard payments cards during the validity term of the Agreement. Otherwise, the Bank has the right to require, and if so, the Merchant is obliged to pay the Bank a penalty equal to six times the sum of e-commerce transactions in the last 6 (six) months (minimum 5 000 (five thousand) GEL);
3.1.10 Not perform a transaction (not accept a payment) unless it is directly related to the sale of goods/services offered by the Merc...
RIGHTS AND OBLIGATIONS OF THE MERCHANT. 5.1 The Merchant shall comply with Applicable Law and any relevant Payment Scheme Rules to which it is subject. The Merchant shall not act in contravention of or cause PayU to act in contravention of any Payment Scheme Rules to which PayU is subject.
5.2 The Merchant shall only accept payments and/or process Refunds –
5.2.1 from Customers in connection with goods and/or services supplied by the Merchant;
5.2.2 in respect of goods and services which –
5.2.2.1 commonly fall within its business as identified in its request to PayU for the Services;
5.2.2.2 the customer would reasonably expect to receive; and
5.2.2.3 in respect of goods or services the provision of which is in accordance with Applicable Law.
5.3 The Merchant shall, at all relevant times, maintain a bank account in their own name, that is acceptable to PayU so the Merchant can receive Payments from, and make payments to, PayU ("Merchant Bank Account").
5.4 Where it has been agreed that PayU may debit a Merchant Bank Account, the Merchant shall –
5.4.1 maintain with their bank an instruction to authorise all such debits and/or provide PayU with any necessary mandate or authority; and
5.4.2 put funds in the Merchant Bank Account as PayU may in good faith consider necessary.
5.5 While PayU may provide installation guides, the Merchant remains solely responsible for ensuring the correct implementation, installation, integration, security and operation of all systems, equipment, software and telecommunications and use of the Services on its own platform.
5.6 The Merchant shall provide immediate notice of (i) any unauthorised third-party use of the Services; and/or (ii) any event which might lead to such unauthorised use.
5.7 The Merchant shall take all reasonable commercial steps to assist PayU in handling any claim or query raised by any other third party in relation to the Services.
5.8 The Merchant shall immediately notify PayU of any act, omission or error which does or may adversely affect the Merchant's ability to perform their obligations under this Agreement or cause loss or damage to PayU (including but not limited to any material change in the nature or extent of the Merchant's business).
5.9 The Merchant acknowledges and agrees to abide by, and ensure that all equipment and software it uses in connection with the transactions and the storage and / or processing of Data complies with, any payment card industry or payment application data security standards of any relevant Payment Scheme a...
RIGHTS AND OBLIGATIONS OF THE MERCHANT. 5.1. The Merchant shall comply with Applicable Law and any relevant Payment Scheme Rules to which it is subject. The Merchant shall not act in contravention of or cause PayU to act in contravention of any Payment Scheme Rules to which PayU is subject.
5.2. The Merchant shall only accept payments and/or process Refunds:
5.2.1. from Customers in connection with goods and/or services supplied by the Merchant;
5.2.2. in respect of goods and services which:
(a) commonly fall within its business as identified in its request to PayU for the Services; and
(b) the customer would reasonably expect to receive; and
5.2.3. in respect of goods or services the provision of which is in accordance with Applicable Law.
RIGHTS AND OBLIGATIONS OF THE MERCHANT. 5.1 The merchant undertakes to incorporate in its website all the details that customers will need to make an informed buying decision, including:
5.1.1 a comprehensive description of the goods on offer;
5.1.2 comprehensive details of return and refund policies;
5.1.3 customer service contact details, including email address and telephone number;
5.1.4 the total price of the goods or services on offer, including any relevant taxes and delivery charges (all prices quoted must be in South African rands);
5.1.5 a disclosure to the cardholder that the merchant, not the supplier of the goods or service, is the merchant of record and responsible for fulfilment of the transaction; and
5.1.6 the merchant's full name and online address.
5.2 The merchant must make provision to record:
5.2.1 the cardholder's name;
5.2.2 the expiry date of the card; and
5.2.3 the authorisation code as supplied by the acquiring bank.
5.3 The merchant undertakes to accept and honour all valid cards, without discrimination, when properly presented and validated in payment of goods and/or services.
5.4 The merchant must check the expiry date of every card presented. If the card is not yet valid or has expired, the transaction may not go ahead without authorisation.
5.5 The merchant must prominently and unequivocally identify itself as the merchant of record at all points of cardholder interaction (including on its internet site, promotions and invoices).
5.6 The merchant must notify the cardholder that the merchant is responsible for:
5.6.1 payment transactions;
5.6.2 products and services;
5.6.3 direct customer service;
5.6.4 the resolution of disputes; and
5.6.5 all terms and conditions of sale.
5.7 The merchant must have policies and procedures in place to keep card numbers secure and confidential and is allowed to retain cardholders' card details.
5.8 A message received from the merchant server will be deemed to be a message from the merchant.
5.9 The merchant must ensure that it has checks and balances in place for all transactions.
5.10 All chargebacks arising from a disputed virtual transaction may be debited to the merchant's account.
5.11 The merchant must comply with all legislation regulating its business, products and services, including the Consumer Protection Act, 68 of 2008, and the Electronic Communications and Transactions Act, 25 of 2002.
5.12 Where Verified by Visa or SecureCode cardholder authentication has successfully occurred or has been successfully attempted throu...
RIGHTS AND OBLIGATIONS OF THE MERCHANT. 3.1 Under the Agreement, the Merchant shall:
3.1.1 Open a current account with TBC Bank JSC (unless he/she/it already has one), where to transfer funds under the Agreement;
3.1.2 ĨƚĞƌ ƚŚĞ ĂŶŬ ĞŶƐƵƌĞƐ ƚŚĂƚ ƚŚĞ ƉĂLJŵĞŶƚ ŐĂƚĞ display the information about card payment rules on the online ƐƚŽwƌeĞbs͛iteƐ;
3.1.3 Sell goods/services via online store in line with his/her/its field of business;
3.1.4 Pay the Bank the following amounts within 3 (three) business days of the ĂŶnŬot͛iceƐ: x Reversals; x Transactions disputed by the card issuer (chargebacks); x Penalties/payments imposed by the International Payment System on the Bank due to an incident observed with/ charges laid against the Merchant; x Any type of loss/damage caused to the Bank due to incorrect/inaccurate information about the Bank spread by the Merchant.
3.1.5 Report to the Bank in writing any changes in his/her/its contact details (legal/physical address, bank details, telephone number, fax number, e-mail address), as well as in his/her/its status (including, legal status, field of business, liquidation, bankruptcy) as soon as these changes are put into effect;
3.1.6 KďƐĞƌǀĞ ƚŚĞ /ŶƚĞƌŶĂƚŝŽŶĂů WĂLJŵĞŶƚ- co^mmLJeƐrceƚĞŵƐ͛ ƌ websites, which are provided in Annex #1;
3.1.7 Fulfil the requirements set forth in Sub-Paragraph 3.1.4 of the Agreement with respect to each authorized transaction within 180 (one hundred and eighty) days after the Bank transmits it to the International Payments Systems. Thus, the Bank has the right to deduct bydirect debit the amounts indicated in Sub-Paragraph 3.1.4 hereof from the DĞƌĐŚInĂsuŶraƚnc͛e RƐeserve and/or other accounts within 180 (one hundred and eighty) days after an authorized transaction is transmitted by the Bank to the International Payments Systems;
3.1.8 Ensure that the Bank has free access to all Internet and/or other information resources which the Merchant uses for the sale of goods/services;
3.1.9 Use exclusively TBC ĂŶeŬ-c͛omƐmerce services for VISA/ Mastercard payments cards during the validity term of the Agreement. Otherwise, the Bank has the right to require, and if so, the Merchant is obliged to pay the Bank a penalty equal to six times the sum of e-commerce transactions in the last 6 (six) months (minimum 5 000 (five thousand) GEL);
3.1.10 Not perform a transaction (not accept a payment) unless it is directly related to the sale of goods/services offered by the Merchant to clients;
3.1.11 Not take part in transactions/fictitious transactions (without ...
RIGHTS AND OBLIGATIONS OF THE MERCHANT. 1..1 The Merchant must implement SafeKey, and process all internet Transactions using this 3-D Secure technology, to be covered by FLS.
RIGHTS AND OBLIGATIONS OF THE MERCHANT. 6.1 The Merchant shall provide the Company with any and all information that the Company may request from time to time to verify the Merchant’s identity, for regulatory compliance or risk management purposes, or otherwise in connection with the Merchant’s use of Payment Solution Services under this Master Agreement or with any of its Transactions. The Merchant shall promptly provide true, accurate and complete information and/or responses in respect of any such requests. In the event of any change of information or business of the Merchant, the Merchant shall promptly notify the Company and update its account information.
6.2 The Merchant grants permission and authorization to the Company to disclose information concerning the Merchant to and between the Company, its holding companies, branches, subsidiaries, representative offices, affiliates (together the “BOC group companies”), agents and any third parties (including any credit reference agencies, network, exchanges and sub-contractors), each a “transferee" appointed or engaged by the Company wherever situated, on an on-going basis as a continuing obligation herein and for its Anti-Money Laundering obligations (including the circumstance of any renewal of this Master Agreement).
6.3 The Company and any of the transferees may transfer and disclose any such information to any person as required by any law, regulation, court, regulator, legal process or code in Hong Kong or any other jurisdictions outside Hong Kong or according to the BOC group companies’ policy, any present or future contractual or other commitment with local or foreign legal, regulatory, governmental, tax, law enforcement or other authorities, securities or futures exchange, central bank, or self-regulatory or industry bodies or associations of financial services providers (“Authorities”) or agreement or treaty between Authorities and applicable to the Company or a member of the BOC group companies.
RIGHTS AND OBLIGATIONS OF THE MERCHANT. Art.
12.1 The Merchant is responsible for compliance with local and international laws and regulations (such as the Dutch Electronic Commerce Directive (Amendment) Act (Aanpassingswet richtlijn inzake elektronische handel), laws and regulations relating to complaints handling, and the Dutch Distance Selling Act (Wet koop op afstand).
12.2 The Merchant may not use the Docdata Payment Service for the sale of goods and/or services that violate any laws and, in particular, local and international laws with respect to fraud, money laundering and terrorist financing and sanction legislation. If it becomes evident that the Merchant uses the Docdata Payment Service for sales that violate applicable local or international laws or regulations, DDP reserves the right to discontinue the use of the Docdata Payment Service with immediate effect and without prior notice to the Merchant, and to terminate the Agreement at the same time with immediate effect.
12.3 On the basis of the terms and conditions of the Financial Institutions involved for a Payment Method, the Docdata Payment Service may not be used for specific categories of services, products and businesses. If the Merchant accepts (a) credit card(s), the Merchant itself is responsible for verifying whether its services and/or products are permitted by the credit card issuer and the acquirers or other Financial Institutions in the chain who facilitate credit card Payments for the benefit of the Merchant. The Merchant can never hold DDP liable for any claims made or penalties imposed by third parties on account of the provision of services and/or products that are not permitted. DDP maintains a list of banned categories of services, products and businesses for which the Docdata Payment Service may in any case not be used. With respect to Payment Methods for which DDP uses the services of other Financial Institutions, this list is not exhaustive and may be amended from time to time at the sole discretion of DDP. The Merchant is obliged to consult this list before using and on a regular basis during the use of the Docdata Payment Service. DDP will make the list available at the request of the Merchant.
12.4 If Financial Institutions make repeated complaints about the Merchant, DDP may terminate the Agreement with the Merchant. This will, in principle, only be possible after DDP has notified the Merchant in writing of the complaints and has granted the Merchant a reasonable period of at least 14 days to change its wor...
RIGHTS AND OBLIGATIONS OF THE MERCHANT. As at the date of conclusion of this agreement, the Merchant undertakes to provide to Easypay and the Operator the following documents:
RIGHTS AND OBLIGATIONS OF THE MERCHANT. 3.1. The Merchant is obliged:
3.1.1. to ensure compliance of its E-shop to the requirements of International Card Organization;
3.1.2. to respond to requests from Walletto, International Card Organizations and other supervisory or law enforcement institutions, and produce necessary and requested of documentation, reports, and data;
3.1.3. to ensure that all sales and all transactions for the products/services sold, are legal under the applicable laws and this Agreement.
3.1.4. to accept under this Agreement, the Card as payment means only for such goods and services, which correspond to the type of business activities indicated in the KYC Questionnaire. Xxxxxxxx must submit to Walletto records of valid Transactions only between the Merchant and a Cardholder;
3.1.5. to pay Commission Fees, including but not limited to Commission Fees publicly available at xxxxx://xxxxxxxx.xx/pricing or established under other special provisions;
3.1.6. to use the Software for accepting the Cards in the E-shop;
3.1.7. to use Merchant Account in Walletto only for purposes which are in line with the Agreement;
3.1.8. if the Merchant does not duly deliver their goods and/or services, to return to the Cardholder the amount of the Transaction, either fully or partially, as provided for by the Merchant’s rules of cancellation of the Transaction;
3.1.9. immediately, but not later than within 5 (five) Business Days, to inform Walletto in writing on changes of:
3.1.9.1. its legal details;
3.1.9.2. information contained in the KYC Questionnaire, connected with legal status of the Merchant, type or industry of its business activities;
3.1.9.3. authorized signatories; and
3.1.9.4. other information, which can significantly affect proper fulfilment of this Agreement.
3.1.10. in respect of each Merchant’s E-shop and in accordance with the KYC Questionnaire, Merchant shall prepare a description of its E-Shop;
3.1.11. to undergo regular certification of PCI DSS and no later than within 10 Business Days after receiving Walletto’s request, submit to Walletto copy of valid PCI DSS certificate. The Merchant shall avoid a situation where the contractual obligations are performed without a valid certificate of PCI DSS (this clause does not apply if the Merchant uses solutions provided by Walletto in the context of the PCI DSS certification);
3.1.12. to the appropriate extent, to acquaint its employees responsible for the execution of this Agreement with the provisions of the Agreement, Internatio...
