Common use of Unreadable Magnetic Stripes Clause in Contracts

Unreadable Magnetic Stripes. When presenting Card Transactions for Authorization electronically, and Merchant’s terminal is unable to read the magnetic stripe on the Card, Merchant must obtain a Phone Authorization (either via Voice or Automated Response Service, both carry additional fees) and Merchant must obtain an imprint of the Card and also obtain the Cardholder’s signature on the imprinted Sales Draft before presenting the Sales Draft to Bank for processing. Failure to perform these additional actions may result in the assessment of Transaction surcharges or a rejected Transaction.

Appears in 4 contracts

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

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Unreadable Magnetic Stripes. When presenting Card Transactions for Authorization electronically, and Merchant’s terminal is unable to read the magnetic stripe on the Card, Merchant must obtain a Phone Voice Authorization (either via Voice or Automated Response Service, both carry additional fees) and Merchant must obtain an imprint I mprint of the Card and also obtain the Cardholder’s signature on the imprinted Imprinted Sales Draft before presenting the Sales Draft to Bank Service Provider for processing. Failure to perform these additional actions may result in the assessment of Transaction surcharges or a rejected Transaction.

Appears in 4 contracts

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

Unreadable Magnetic Stripes. When presenting Card Transactions transactions for Authorization electronically, and Merchant’s terminal is unable to read the magnetic stripe on the Cardcard, Merchant must obtain a Phone Authorization (either via Voice or Automated Response Service, both carry additional fees) and Merchant must obtain an imprint of the Card and also obtain the Cardholder’s signature on the imprinted Sales Draft before presenting the Sales Draft to Bank for processing. Failure to perform these additional actions do so may result in a chargeback. If Merchant is presented an unembossed Card, and the assessment of Transaction surcharges or Merchant’s terminal is unable to read the magnetic stripe on the card, Merchant should not accept the Card since a rejected Transactionmanual imprint is unable to be obtained.

Appears in 3 contracts

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

Unreadable Magnetic Stripes. When presenting Card Transactions transactions for Authorization electronically, and Merchant’s terminal is unable to read the magnetic stripe on the Cardcard, Merchant must obtain a Phone Authorization (either via Voice or Automated Response Service, both carry additional fees) and Merchant must obtain an imprint of the Card and also obtain the Cardholder’s signature on the imprinted Sales Draft before presenting the Sales Draft to Bank Service Provider for processing. Failure to perform these additional actions may result in the assessment of Transaction transaction surcharges or a rejected Transactiontransaction.

Appears in 3 contracts

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

Unreadable Magnetic Stripes. When presenting Card Transactions for Authorization electronically, and MerchantXxxxxxxx’s terminal is unable to read the magnetic stripe on the Card, Merchant Xxxxxxxx must obtain a Phone Authorization (either via Voice or Automated Response Service, both carry additional fees) and Merchant must obtain an imprint of the Card and also obtain the Cardholder’s signature on the imprinted Sales Draft before presenting the Sales Draft to Bank for processing. Failure to perform these additional actions may result in the assessment of Transaction surcharges or a rejected Transaction.

Appears in 3 contracts

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

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Unreadable Magnetic Stripes. When presenting Card Transactions transactions for Authorization electronically, and Merchant’s terminal is unable to read the magnetic stripe on the Cardcard, Merchant must obtain a Phone Authorization (either via Voice or Automated Response Service, both carry additional fees) and Merchant must obtain an imprint of the Card and also obtain the Cardholder’s signature on the imprinted Sales Draft before presenting the Sales Draft to Bank for processing. Failure to perform these additional actions may result in the assessment of Transaction surcharges or a rejected Transaction.Bank

Appears in 1 contract

Samples: Merchant Processing Agreement

Unreadable Magnetic Stripes. When presenting Card Transactions transactions for Authorization electronically, and MerchantXxxxxxxx’s terminal is unable to read the magnetic stripe on the Cardcard, Merchant Xxxxxxxx must obtain a Phone Authorization (either via Voice or Automated Response Service, both carry additional fees) and Merchant must obtain an imprint of the Card and also obtain the Cardholder’s signature on the imprinted Sales Draft before presenting the Sales Draft to Bank for processing. Failure to perform these additional actions may result in the assessment of Transaction transaction surcharges or a rejected Transactiontransaction.

Appears in 1 contract

Samples: Merchant Processing Agreement

Unreadable Magnetic Stripes. When presenting Card Transactions transactions for Authorization electronically, and Merchant’s terminal is unable to read the magnetic stripe on the Cardcard, Merchant must obtain a Phone Authorization (either via Voice or Automated Response Service, both carry additional fees) and Merchant must obtain an imprint of the Card and also obtain the Cardholder’s signature on the imprinted Sales Draft before presenting the Sales Draft to Bank for processing. Failure to perform these additional actions may result in the assessment of Transaction transaction surcharges or a rejected Transactiontransaction.

Appears in 1 contract

Samples: Merchant Processing Agreement

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