Common use of Voucher Authorization Clause in Contracts

Voucher Authorization. At the time of running a CNP Voucher, the amount requested is "Authorized" wherein the Merchant's payment processor accepts or declines the requested amount. Merchant will not receive remuneration for any amount that is not authorized and Merchant assumes all risks if they undertake an 'offline' authorization where certain transactions are assumed to be valid and authorization is attempted at a later time. The Recipient may need to query the Yiftee website in order to find the current balance available on their CNP Voucher; settlements beyond the authorized amount (such as tips added after authorization or force postings) will result in a either (at Yiftee’s sole discretion) a chargeback against the Voucher for the amount in excess of the authorization, or a charge against the Merchant’s stored credit card, or an invoice to the Merchant which is payable immediately upon receipt, or a debit to Merchant’s Yiftee account. Attempts to authorize a charge in excess of the remaining value of the Voucher will be declined. It is recommended that all tips be processed by other means than a Yiftee Voucher, and tips, as well as any amounts in excess of the authorized amount are processed separately (a “split tender’ transaction). Note that web-based transactions may be impractical for use with Yiftee if the website cannot process split tender transactions since an item costing more than the value of the Yiftee Voucher cannot be paid for exclusively by the Yiftee Voucher and no other means of payment is available to the customer. Authorized amounts that are improperly voided, reversed, or refunded by merchant (i.e., without reference to a prior authorization) and are later cleared and settled by merchant may also be subject to invoice or collection from merchant’s stored credit card or by other means. Merchants who utilize offline authorizations (which are approved without a real-time authorization and intended to be authorized at a later time than the actual transaction time) run the risk of accepting a Voucher which may later not authorize for the requested amount; in such case, Yiftee is not responsible for any refunds to Merchant or for settling any disputes between a Merchant and a Recipient. A merchant who accepts a Voucher for payment for any reason without authorizing is solely responsible for the value accepted. For example, the customer may present an expired or fully used Voucher for payment and claim that it should work. This can result, if accepted by the Merchant, in a transaction that Yiftee cannot honor. Merchant will redeem the Voucher for any products or services currently and publicly available at Merchant's place of business at the time of redemption, as long as the total for such products and services inclusive of any applicable taxes and fees does not exceed the remaining value of the Voucher. If the amount of the goods or services (or Merchant gift card if applicable) is in excess of the authorizable amount of the Voucher, Merchant agrees to accept the authorized amount as partial payment for the goods or services, and request the remaining amount from a different funding vehicle (such as cash or a credit card). Properly authorized transactions are generally cleared and settled by Merchant subsequent to the authorization. Merchant is remunerated for the settlement via their normal credit card settlement process.

Voucher Authorization. At the time of running a CNP Voucher, the amount requested is "Authorized" wherein the Merchant's payment processor accepts or declines the requested amount. Merchant will not receive remuneration for any amount that is not authorized authorized, and Merchant assumes all risks if they undertake an 'offline' authorization where certain transactions are assumed to be valid and authorization is attempted at a later time. The Recipient may need to query the Yiftee website in order to find the current balance available on their CNP Voucher; settlements beyond the authorized amount (such as tips added after authorization or force postings) will result in a either (at Yiftee’s sole discretion) a chargeback against the Voucher for the amount in excess of the authorization, or a charge against the Merchant’s stored credit card, or an invoice to the Merchant which is payable immediately upon receipt, or a debit to Merchant’s Yiftee account. Attempts to authorize a charge in excess of the remaining value of the Voucher will be declined. It is recommended that all tips be processed by other means than a Yiftee Voucher, and tips, as well as any amounts in excess of the authorized amount are processed separately (a “split tender’ transaction). Note that web-based transactions may be impractical for use with Yiftee if the website cannot process split tender transactions since an item costing more than the value of the Yiftee Voucher cannot be paid for exclusively by the Yiftee Voucher and no other means of payment is available to the customer. Authorized amounts that are improperly voided, reversed, or refunded by merchant (i.e., without reference to a prior authorization) and are later cleared and settled by merchant may also be subject to invoice or collection from merchant’s stored credit card card, chargeback, or by other means. Merchants who utilize offline authorizations (which are approved without a real-real- time authorization and intended to be authorized at a later time than the actual transaction time) run the risk of accepting a Voucher which may later not authorize for the requested amount; in such case, Yiftee is not responsible for any refunds to Merchant or for settling any disputes between a Merchant and a Recipient. A merchant who accepts a Voucher for payment for any reason without authorizing is solely responsible for the value accepted. For example, the customer may present an expired or fully used Voucher for payment and claim that it should work. This can result, if accepted by the Merchant, in a transaction that Yiftee cannot honor. Merchant will redeem the Voucher for any products or services currently and publicly available at Merchant's place of business at the time of redemption, as long as the total for such products and services inclusive of any applicable taxes and fees does not exceed the remaining value of the Voucher. If the amount of the goods or services (or Merchant gift card if applicable) is in excess of the authorizable amount of the Voucher, Merchant agrees to accept the authorized amount as partial payment for the goods or services, services and request the remaining amount from a different funding vehicle (such as cash or a credit card). Properly authorized transactions are generally cleared and settled by Merchant subsequent to the authorization. Merchant is remunerated for the settlement via their normal credit card settlement process. In some states, gift cards with a remaining value less than a specified threshold are required to be redeemed for cash if requested by the Recipient, and Participant agrees to honor these requirements for Yiftee vouchers. If it is not possible to do so, merchant may refer Participant to Yiftee support at xxxxxxx@xxxxxx.xxx for assistance.

Voucher Authorization. At the time of running a CNP Voucher, the amount requested is "Authorized" wherein the Merchant's payment processor accepts or declines the requested amount. Merchant will not receive remuneration for any amount that is not authorized and Merchant assumes all risks if they undertake an 'offline' authorization where certain transactions are assumed to be valid and authorization is attempted at a later time. The Recipient may need to query the Yiftee website in order to find the current balance available on their CNP Voucher; settlements beyond the authorized amount (such as tips added after authorization or force postings) will result in a either (at Yiftee’s sole discretion) a chargeback against the Voucher for the amount in excess of the authorization, or a charge against the Merchant’s stored credit card, or an invoice to the Merchant which is payable immediately upon receipt, or a debit to Merchant’s Yiftee account. Attempts to authorize a charge in excess of the remaining value of the Voucher will be declined. It is recommended that all tips be processed by other means than a Yiftee Voucher, and tips, as well as any amounts in excess of the authorized amount are processed separately (a “split tender’ transaction). Note that web-based transactions may be impractical for use with Yiftee if the website cannot process split tender transactions since an item costing more than the value of the Yiftee Voucher cannot be paid for exclusively by the Yiftee Voucher and no other means of payment is available to the customer. Authorized amounts that are improperly voided, reversed, or refunded by merchant (i.e., without reference to a prior authorization) and are later cleared and settled by merchant may also be subject to invoice or collection from merchant’s stored credit card card, chargeback, or by other means. Merchants who utilize offline authorizations (which are approved without a real-real- time authorization and intended to be authorized at a later time than the actual transaction time) run the risk of accepting a Voucher which may later not authorize for the requested amount; in such case, Yiftee is not responsible for any refunds to Merchant or for settling any disputes between a Merchant and a Recipient. A merchant who accepts a Voucher for payment for any reason without authorizing is solely responsible for the value accepted. For example, the customer may present an expired or fully used Voucher for payment and claim that it should work. This can result, if accepted by the Merchant, in a transaction that Yiftee cannot honor. Merchant will redeem the Voucher for any products or services currently and publicly available at Merchant's place of business at the time of redemption, as long as the total for such products and services inclusive of any applicable taxes and fees does not exceed the remaining value of the Voucher. If the amount of the goods or services (or Merchant gift card if applicable) is in excess of the authorizable amount of the Voucher, Merchant Xxxxxxxx agrees to accept the authorized amount as partial payment for the goods or services, and request the remaining amount from a different funding vehicle (such as cash or a credit card). Properly authorized transactions are generally cleared and settled by Merchant subsequent to the authorization. Merchant is remunerated for the settlement via their normal credit card settlement process.

Voucher Authorization. At the time of running a CNP Voucher, the amount requested is "Authorized" wherein the Merchant's payment processor accepts or declines the requested amount. Merchant will not receive remuneration for any amount that is not authorized and Merchant assumes all risks if they undertake an 'offline' authorization where certain transactions are assumed to be valid and authorization is attempted at a later time. The Recipient may need to query the Yiftee website in order to find the current balance available on their CNP Voucher; settlements beyond the authorized amount (such as tips added after authorization or force postings) will result in a either (at Yiftee’s sole discretion) a chargeback against the Voucher for the amount in excess of the authorization, or a charge against the Merchant’s stored credit card, or an invoice to the Merchant which is payable immediately upon receipt, or a debit to Merchant’s Yiftee account. Attempts to authorize a charge in excess of the remaining value of the Voucher will be declined. It is recommended that all tips be processed by other means than a Yiftee Voucher, and tips, as well as any amounts in excess of the authorized amount are processed separately (a “split tender’ transaction). Note that web-based transactions may be impractical for use with Yiftee if the website cannot process split tender transactions since an item costing more than the value of the Yiftee Voucher cannot be paid for exclusively by the Yiftee Voucher and no other means of payment is available to the customer. Authorized amounts that are improperly voided, reversed, or refunded by merchant (i.e., without reference to a prior authorization) and are later cleared and settled by merchant may also be subject to invoice or collection from merchant’s stored credit card card, chargeback, or by other means. Merchants who utilize offline authorizations (which are approved without a real-real- time authorization and intended to be authorized at a later time than the actual transaction time) run the risk of accepting a Voucher which may later not authorize for the requested amount; in such case, Yiftee is not responsible for any refunds to Merchant or for settling any disputes between a Merchant and a Recipient. A merchant who accepts a Voucher for payment for any reason without authorizing is solely responsible for the value accepted. For example, the customer may present an expired or fully used Voucher for payment and claim that it should work. This can result, if accepted by the Merchant, in a transaction that Yiftee cannot honor. Merchant will redeem the Voucher for any products or services currently and publicly available at Merchant's place of business at the time of redemption, as long as the total for such products and services inclusive of any applicable taxes and fees does not exceed the remaining value of the Voucher. If the amount of the goods or services (or Merchant gift card if applicable) is in excess of the authorizable amount of the Voucher, Merchant agrees to accept the authorized amount as partial payment for the goods or services, and request the remaining amount from a different funding vehicle (such as cash or a credit card). Properly authorized transactions are generally cleared and settled by Merchant subsequent to the authorization. Merchant is remunerated for the settlement via their normal credit card settlement process.