Common use of Telephone Orders, Mail Orders, Internet, Preauthorized Orders and Installment Orders Clause in Contracts

Telephone Orders, Mail Orders, Internet, Preauthorized Orders and Installment Orders. Unless Merchant has been approved by Settlor to accept mail, Internet or telephone orders, Merchant warrants that it is a walk-in trade business, located in a retail business place where the public moves in and out freely in order to purchase merchandise or obtain services. If Settlor determines Merchant has accepted unapproved Card Transactions which are placed by telephone, generated through telephone solicitation, mail order or other means that does not create a Sales Draft that bears the Card imprint and Cardholder's signature, this Agreement will be immediately terminated and the value of all Sales Drafts collected from the first day of processing may be charged back to Merchant and all funds therefrom held as provided in Article IV. Unless approved by Bank, this Agreement does not contemplate regular acceptance of Cards for sales accepted by mail, Internet or telephone nor through preauthorized orders. If an occasional Card Transaction is made by mail, phone or preauthorized order, the Sales Draft may be completed without the Cardholder's signature or an Imprint, but in such case Merchant will create a sales slip containing Cardholder data, an Authorization number, the sale amount and the letters “MO”, “TO” or “PO”, as appropriate. Receiving an Authorization will not relieve the Merchant of liability for Chargeback on any Transaction for which the Merchant did not obtain an Imprint or the Cardholder's signature.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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Telephone Orders, Mail Orders, Internet, Preauthorized Orders and Installment Orders. Unless Merchant has been approved by Settlor Bank to accept mail, Internet internet or telephone orders, Merchant warrants that it is a walk-in trade business, located in a retail business place where the public moves in and out freely in order to purchase merchandise or obtain services. If Settlor Bank determines Merchant has accepted unapproved Card Transactions which are placed by telephone, generated through telephone solicitation, solicitation or mail order or through other means that does do not create a Sales Draft that bears the Card imprint Imprint and Cardholder's signature, Bank may immediately terminate this Agreement will be immediately terminated and the value of Agreement, debit back to Merchant all Sales Drafts collected such unapproved Card Transactions from the first day of processing may be charged back hereunder and exercise all other rights hereunder to Merchant protect against loss, including but not limited to, withholding funds, establishing a Reserve Account, demanding other security, foreclosing on security interests and exercising all funds therefrom held as provided in Article IVrights triggered by the termination of this Agreement. Unless approved by Bank, this Agreement does not contemplate regular acceptance of Cards for sales accepted preauthorized orders or for orders generated by mail, Internet internet or telephone nor through preauthorized orderstelephone. If an occasional Card Transaction is made by mail, phone or preauthorized order, the Sales Draft may be completed without the Cardholder's signature or an Imprint, but in such case Merchant will create a sales slip containing Cardholder data, an Authorization number, the sale amount and the letters "MO", "TO", MOIO”, “TO” or "PO", as appropriate. Receiving an Authorization will not relieve the Merchant of liability for Chargeback on any Transaction for which the Merchant did not obtain an Imprint or the Cardholder's signatureChargebacks.

Appears in 3 contracts

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

Telephone Orders, Mail Orders, Internet, Preauthorized Orders and Installment Orders. Unless Merchant has been approved by Settlor Bank to accept mail, Internet internet or telephone orders, Merchant warrants that it is a walk-in trade business, located in a retail business place where the public moves in and out freely in order to purchase merchandise or obtain services. If Settlor Bank determines Merchant has accepted unapproved Card Transactions which are placed by telephone, generated through telephone solicitation, solicitation or mail order or through other means that does do not create a Sales Draft that bears the Card imprint and Cardholder's signature, Bank may immediately terminate this Agreement will be immediately terminated and the value of Agreement, debit back to Merchant all Sales Drafts collected such unapproved Card Transactions from the first day of processing may be charged back hereunder and exercise all other rights hereunder to Merchant protect against loss, including but not limited to, withholding funds, establishing a Reserve Account, demanding other security, foreclosing on security interests and exercising all funds therefrom held as provided in Article IVrights triggered by the termination of this Agreement. Unless approved by Bank, this Agreement does not contemplate regular acceptance of Cards for sales accepted preauthorized orders or for orders generated by mail, Internet internet or telephone nor through preauthorized orderstelephone. If an occasional Card Transaction is made by mail, phone or preauthorized order, the Sales Draft may be completed without the Cardholder's signature or an Imprint, but in such case Merchant will create a sales slip containing Cardholder data, an Authorization number, the sale amount and the letters "MO", "TO", MOIO”, “TO” or "PO", as appropriate. Receiving an Authorization will not relieve the Merchant of liability for Chargeback on any Transaction for which the Merchant did not obtain an Imprint or the Cardholder's signatureChargebacks.

Appears in 3 contracts

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

Telephone Orders, Mail Orders, Internet, Preauthorized Orders and Installment Orders. Unless Merchant has been approved by Settlor Peoples Trust to accept mail, Internet internet or telephone ordersorders (as reflected on the Merchant Application), Merchant warrants that it is a walk-in trade business, located in a retail business place where the public moves in and out freely in order to purchase merchandise or obtain services. If Settlor Peoples Trust determines Merchant has accepted unapproved Card Transactions which are placed by telephone, generated through telephone solicitation, solicitation or mail order or through other means that does do not create a Sales Draft that bears the Card imprint Imprint and Cardholder's ’s signature, this Agreement will be Peoples Trust may immediately terminated and terminate the value of Merchant Agreement, debit back to Merchant all Sales Drafts collected such unapproved Card Transactions from the first day of processing may be charged back hereunder and exercise all other rights hereunder to protect against loss, including but not limited to, withholding funds, establishing a Reserve Account, demanding other security, foreclosing on security interests and exercising all rights triggered by the termination of the Merchant and all funds therefrom held as provided in Article IVAgreement. Unless approved by BankPeoples Trust, this the Merchant Agreement does not contemplate regular acceptance of Cards for sales accepted preauthorized orders or for orders generated by mail, Internet internet or telephone nor through preauthorized orderstelephone. If an occasional Card Transaction is made by mail, phone or preauthorized order, the Sales Draft may be completed without the Cardholder's ’s signature or an Imprint, but in such case Merchant will create a sales slip containing Cardholder data, an Authorization number, the sale amount and the letters “MO”, “TO”, “IO”, or “PO”, as appropriate. Receiving an Authorization will not relieve the Merchant of liability for Chargeback on any Transaction for which the Merchant did not obtain an Imprint or the Cardholder's signatureChargebacks.

Appears in 2 contracts

Samples: Merchant Agreement, Merchant Agreement

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Telephone Orders, Mail Orders, Internet, Preauthorized Orders and Installment Orders. Unless Merchant has been approved by Settlor Bank to accept mail, Internet or telephone orders, Merchant warrants that it is a walk-in trade business, located in a retail business place where the public moves in and out freely in order to purchase merchandise or obtain services. If Settlor Bank determines Merchant has accepted unapproved Card Transactions which are placed by telephone, generated through telephone solicitation, mail order or other means that does not create a Sales Draft that bears the Card imprint and Cardholder's signature, this Agreement will be immediately terminated and the value of all Sales Drafts collected from the first day of processing may be charged back to Merchant and all funds therefrom held as provided in Article IV. Unless approved by Bank, this Agreement does not contemplate regular acceptance of Cards for sales accepted by mail, Internet or telephone nor through preauthorized orders. If an occasional Card Transaction is made by mail, phone or preauthorized order, the Sales Draft may be completed without the Cardholder's signature or an Imprint, but in such case Merchant will create a sales slip containing Cardholder data, an Authorization number, the sale amount and the letters “MO”, “TO” or “PO”, as appropriate. Receiving an Authorization will not relieve the Merchant of liability for Chargeback on any Transaction for which the Merchant did not obtain an Imprint or the Cardholder's signature.

Appears in 1 contract

Samples: www.cardpaymentoptions.com

Telephone Orders, Mail Orders, Internet, Preauthorized Orders and Installment Orders. Unless Merchant has been approved by Settlor MAS to accept mail, Internet internet or telephone orders, Merchant warrants that it is a walk-in trade business, located in a retail business place where the public moves in and out freely in order to purchase merchandise or obtain services. If Settlor MAS determines Merchant has accepted unapproved Card Transactions which are placed by telephone, generated through telephone solicitation, mail order or other means that does not create a Sales Draft that bears the Card imprint Imprint and Cardholder's ’s signature, this Agreement will be immediately terminated and the value of all Sales Drafts collected from the first day of processing may be charged back to Merchant and all funds therefrom held as provided in Article IV. Section D. Unless approved by BankMAS, this Agreement does not contemplate regular acceptance of Cards for sales accepted by mail, Internet internet or telephone nor through preauthorized orders. If an occasional Card Transaction is made by mail, phone or preauthorized order, the Sales Draft may be completed without the Cardholder's ’s signature or an Imprint, but in such case Merchant will create a sales slip containing Cardholder data, an Authorization number, the sale amount and the letters “MO”, “TO” or “PO”, as appropriate. Receiving For each approved PO, Merchant must reaffirm all annual xxxxxxxx at least once each year or upon request by MAS. Merchant shall not deliver goods or perform services covered by a PO after receiving notification from the Cardholder that the preauthorization is canceled or from MAS that the Card covering the preauthorization is not to be honored. Merchant agrees its receipt of an Authorization will not relieve the Merchant of liability for Chargeback on any Transaction for which the Merchant did not obtain an Imprint or the Cardholder's signature’s signature (imprint does not defend for EMV/CHIP cards).

Appears in 1 contract

Samples: Merchant Agreement

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