Transactions and Charges Clause Samples
The 'Transactions and Charges' clause defines the rules and procedures governing financial transactions and the associated fees or costs under the agreement. It typically outlines what types of transactions are permitted, how charges are calculated or applied, and the timing and method of payment. For example, it may specify service fees, transaction limits, or responsibilities for additional costs. This clause ensures both parties understand their financial obligations, helping to prevent disputes over payments and clarifying the cost structure of the arrangement.
Transactions and Charges. 4.1 You can use your Card in the following ways:
a) in conjunction with your PIN for point of sale Transactions, or Transactions using a Cash Machine;
b) for Transactions by mail, telephone, mobile phone or other portable device, internet or by use of a secure system (including the use of your Digital Card through a Digital Wallet).
c) through a Card or a Device enabled to make a Contactless Transaction to make purchases for small amounts without using the Chip and PIN or other Security Details. When making a payment using your Card or Device by way of a Contactless Transaction you must place your Card or Device against the reader in the Outlet. The Card or Device, as applicable will be detected and the payment is completed without you entering your PIN or other Security Details. Occasionally, for your security or for Transactions over certain amounts, you may also be asked to insert your Card into the card terminal and enter your PIN or on your Device you may be asked to enter you Security Details , to authenticate your Transaction and enable your Transaction to proceed. Details of these limits are available by contacting us. Some limits may not be disclosed for security purposes
4.2 Charges will be levied in accordance with the details as published from time to time and will be advised to you at the outset of this Agreement. If the charges are to be varied at any time we will advise you in writing, giving you at least two months’ before the new charges take effect. On receipt of such notification you may terminate this Agreement in accordance with conditions 11.3 and 11.5 of these Terms and Conditions of Use.
4.3 The amount of each Transaction will be debited to your Account even if you are in breach of this Agreement or it has ended.
4.4 You cannot stop or reverse a Transaction you have made using your Card or Card Number once the Transaction has been completed (whether or not you have entered a PIN, Secure System Passcode, Security Details, signed a voucher or by way of Contactless Transaction) as we guarantee the payment.
4.5 If you have recurring transactions (also known as `Continuous Payment Authorities’) set up on your Card (such as internet or magazine subscription) and you wish to cancel them, you can do so by contacting us up to the last business day before the payment is due to leave your Account. You should also contact the company or service provider to advise them that you are cancelling the recurring transaction.
4.6 If we have reason to b...
Transactions and Charges. 4.1 You can use your Card in the following ways:
a) in conjunction with your PIN for point of sale Transactions, or Transactions using a Cash Machine; b) for Transactions by mail, telephone, mobile phone or other portable Device, online or by use of a Safeguard System (including the use of your Digital Card through a Digital Wallet);
Transactions and Charges. 4.1 There are a variety of means by which you can authorise such Transactions, these include:
(a) authorisation by means of your Card used in conjunction with your PIN for point of sale transactions or transactions using a cash machine;
(b) authorisation by means of your Card number and in some circumstances a security code for transactions by mail, telephone, internet or by use of a secure system; and
(c) authorisation by means of your Card and signature where the other authorisation options in this condition are not available.
4.2 Charges will be levied in accordance with the details contained in the Tariff as published from time to time and will be advised to you at the outset of this Agreement. If the charges are to be varied at any time we will advise you with your statement, giving you at least two months’ before the new charges take effect. On receipt of such notification you may terminate this Agreement in accordance with conditions 11.3 and