Common use of Date of Transaction Clause in Contracts

Date of Transaction. For MOTO Transactions where you are not required to obtain the Cardholder’s PIN or signature and compare the Cardholder’s signature with that on the Card, you must ensure that each person processing such a MOTO Transaction uses best endeavours to verify the authenticity of the information given to you by the customer. You must obtain authorisation via the MOTO option on the Terminal for all MOTO Transactions regardless of the value of the Transaction. Where there will be a delay of more than five (5) days in you dispatching goods or providing services ordered by telephone, you must not process the Transaction in respect of such goods or services until the day of dispatch. For further assistance, please contact Customer Support. If goods are to be shipped, you may obtain a preauthorisation on any day up to seven (7) days prior to the date the goods are shipped. This authorisation is valid if the amount of the Transaction is within 15% of the authorised amount, provided that the additional amount represents shipping costs. You must ensure you have sufficient funds in your Settlement Account or Fee Account to meet your Refund obligations for all Refunds you process and for all Chargeback obligations you have. You warrant by processing any Transaction that: a. all information given to us in respect of that Transaction is true and correct; b. the Transaction is valid; and c. the sale in respect of the Transaction is not subject to any dispute, set-off or counterclaim.

Date of Transaction. For MOTO Transactions where you are not required to obtain the Cardholder’s PIN or signature and compare the Cardholder’s signature with that on the Card, you must ensure that each person processing such a MOTO Transaction uses best endeavours to verify the authenticity of the information given to you by the customer. You must obtain authorisation via the MOTO option on the Terminal for all MOTO Transactions regardless of the value of the Transaction. Where there will be a delay of more than five (5) days in you dispatching goods or providing services ordered by telephone, you must not process the Transaction in respect of such goods or services until the day of dispatch. For further assistance, please contact Customer Support. If goods are to be shippedshipped and preauthorisation is available on your Terminal, you may obtain a preauthorisation on any day up to seven (7) days prior to the date the goods are shipped. This authorisation is valid if the amount of the Transaction is within 15% of the authorised amount, provided that the additional amount represents shipping costs. You must ensure you have sufficient funds in your Settlement Account or Fee Account to meet your Refund obligations for all Refunds you process and for all Chargeback obligations you have. You warrant by processing any Transaction that: a. all information given to us in respect of that Transaction is true and correct; b. the Transaction is valid; and c. the sale in respect of the Transaction is not subject to any dispute, set-off or counterclaim.