Common use of Surcharges Clause in Contracts

Surcharges. If Merchant chooses to impose a surcharge on Card payments, Merchant may do so only after meeting specific considerations, limitations, and requirements as defined by the Card Associations. Requirements and limitations include: (i) Merchant may impose a surcharge only if permitted by, and is compliant with, state and local law; (ii) Merchant shall notify Bank, Company, and Card Associations no less than 30 days in advance of imposing any surcharge; (iii) Merchant shall publicly disclose its surcharge practices at the store entry point and point of sale; and (iv) Any surcharge imposed by Merchant shall not exceed 4% of the underlying Transaction amount. For information on, and further links to, surcharge considerations, requirements, limitations, and Card Association surcharge registration pages, visit xxx.xxxxxxxxxx.xx/xxxxxxxxx/xxxxxxx/xxxxxxxxx-xxxxx.xxxx and xxx.xxxx.xxx/xxxxxxxxxxxxxxxxxxx.

Appears in 6 contracts

Samples: Merchant Processing Agreement, Merchant Processing Agreement, Merchant Processing Agreement

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Surcharges. If Merchant chooses to impose a surcharge on Card payments, Merchant may do so only after meeting specific considerations, limitations, limitations and requirements as defined by the Card Associations. Requirements and limitations include: (i) Merchant may only impose a surcharge only if permitted by, and is compliant with, state and local law; (ii) Merchant shall notify Bank, Company, Service Provider and Card Associations no less than 30 days in advance of imposing any surcharge; (iii) Merchant shall publicly disclose its surcharge practices to customers at the store entry point and point of sale; and (iv) Any surcharge imposed by Merchant shall not exceed 4% of the underlying Transaction transaction amount. For information on, and further links to, surcharge considerations, requirements, limitations, limitations and Card Association surcharge registration pages, visit xxx.xxxxxxxxxx.xx/xxxxxxxxx/xxxxxxx/xxxxxxxxx-xxxxx.xxxx and xxx.xxxx.xxx/xxxxxxxxxxxxxxxxxxx.

Appears in 3 contracts

Samples: Merchant Processing Agreement, Merchant Processing Agreement, Merchant Processing Agreement

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Surcharges. If Merchant chooses to impose a surcharge on Card payments, Merchant may do so only after meeting specific considerations, limitations, limitations and requirements as defined by the Card AssociationsNetworks. Requirements and limitations include, but not limited to: (i) Merchant may only impose a surcharge only if permitted by, and is compliant with, state and local law; (ii) Merchant shall notify Bank, Company, Bank and Card Associations Networks no less than 30 days in advance of imposing any surcharge; (iii) Merchant shall publicly disclose its surcharge practices to customers at the store entry point and point of sale; and (iv) Any surcharge imposed by Merchant shall not exceed 4% of the underlying Transaction transaction amount. For information on, and further links to, surcharge considerations, additional requirements, limitations, limitations and Card Association Network surcharge registration pages, visit xxx.xxxxxxxxxx.xx/xxxxxxxxx/xxxxxxx/xxxxxxxxx-xxxxx.xxxx xxxxx://xxx.xxxxxxxxxx.xx/en- us/business/overview/support/merchant-surcharge-rules.html and xxx.xxxx.xxx/xxxxxxxxxxxxxxxxxxx.

Appears in 1 contract

Samples: Merchant Processing Agreement

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