Common use of Unreadable Magnetic Stripes Clause in Contracts

Unreadable Magnetic Stripes. When presenting Card transactions for Authorization electronically, and Xxxxxxxx’s terminal is unable to read the magnetic stripe on the card, 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 do so may result in a chargeback. If Merchant is presented an unembossed Card, and the Merchant’s terminal is unable to read the magnetic stripe on the card, Merchant should not accept the Card since a manual imprint is unable to be obtained.

Unreadable Magnetic Stripes. When presenting Card transactions for Authorization electronically, and XxxxxxxxMerchant’s terminal is unable to read the magnetic stripe on the card, Xxxxxxxx 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 do so may result in a chargeback. If Merchant is presented an unembossed Card, and the Merchant’s terminal is unable to read the magnetic stripe on the card, Merchant should not accept the Card since a manual imprint is unable to be obtained.