Common use of For Card Transactions Clause in Contracts

For Card Transactions. 15.1.1. VPS may give the Merchant a Refund facility at VPS’s discretion. VPS can terminate this facility at any time, on verbal or written notice to the Merchant. 15.1.2. If the Merchant is of the reasonable opinion that the Cardholder is entitled to a refund, or a refund is requested by the Cardholder, then the Merchant must process the refund transaction through the POS device with the Card present. 15.1.3. The Merchant may not give the Cardholder a cash refund if the Merchant chooses to do so, the Merchant does so at the Merchant’s own risk. Any refund may only take place with the original card-present and may not take place using a different Card. 15.1.4. The amount of any refund must be calculated at the refund date and must take into account the prevailing exchange rate (where applicable) less any fees applicable at the time.