Limited Acceptance. (a) If appropriately indicated on the Merchant Application, Merchant shall be a limited acceptance merchant, which means that ▇▇▇▇▇▇▇▇ has elected to accept only certain Visa and MasterCard Card types as indicated on the Merchant Application, or via later notification. The Visa or MasterCard credit acceptance option on the Merchant Application refers to Visa credit and business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Mark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Provider has no obligation other than those expressly provided under the Network Rules and applicable Law as they may relate to limited acceptance. Provider’s obligations do not include policing card types at the point-of-sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing the Card Network type(s) of transactions at the point-of-sale submitted for processing by Provider. Should Merchant submit a Transaction for processing for a card type it has indicated it does not wish to accept, Provider may process that Transaction and Merchant will pay the applicable fees, charges, and assessments associated with that Transaction. Merchant will comply with any applicable Laws and Network Rules and other applicable rules and regulations for the Card Network type processed. (b) If Merchant has chosen to accept Discover Cards in the Merchant Application, Merchant must accept Discover Cards at all Merchant establishments, including in payment for purchases of goods and services, for charitable contributions and for Cash Over Transactions (subject to the terms of the Network Rules and other applicable rules and regulations), when properly presented for payment by a Cardholder. Subject to this section, ▇▇▇▇▇▇▇▇ must create a Transaction Record for each Discover Card Transaction and deliver at least one copy of the Transaction Record to the Cardholder. A Merchant may issue a Cash Over (subject to the terms of the Network Rules) in connection with a Discover Card Transaction. Merchant must deliver a single Authorization request for the aggregate total of the goods/services purchase amount and the Cash Over amount. In addition, the Transaction Record must include both the purchase amount and the Cash Over amount.
Appears in 3 contracts
Sources: Merchant Agreement, Merchant Agreement, Merchant Processing Agreement
Limited Acceptance. (a) If appropriately indicated on the Merchant Application, Merchant shall be a limited acceptance merchant, which means that ▇▇▇▇▇▇▇▇ Merchant has elected to accept only certain Visa and MasterCard Card types as indicated on the Merchant Application, or via later notification. The Visa or MasterCard credit acceptance option on the Merchant Application refers to Visa credit and business transactions, and is what MasterCard refers to as “"Other Card” " transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “"signature debit” " transactions, whether or not an actual signature is required), (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s 's International Cards which also carry the MasterCard Mark ▇▇▇▇ must be accepted if Merchant accepts MasterCard Card transactions of the same type). Provider has no obligation other than those expressly provided under the Network Rules and applicable Law as they may relate to limited acceptance. Provider’s 's obligations do not include policing card types at the point-of-sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing the Card Network type(s) of transactions at the point-of-sale submitted for processing by Provider. Should Merchant submit a Transaction for processing for a card type it has indicated it does not wish to accept, Provider may process that Transaction and Merchant will pay the applicable fees, charges, and assessments associated with that Transaction. Merchant will comply with any applicable Laws and Network Rules and other applicable rules and regulations for the Card Network type processed.
(b) If Merchant has chosen to accept Discover Cards in the Merchant Application, Merchant must accept Discover Cards at all Merchant establishments, including in payment for purchases of goods and services, for charitable contributions and for Cash Over Transactions (subject to the terms of the Network Rules and other applicable rules and regulations), when properly presented for payment by a Cardholder. Subject to this section, ▇▇▇▇▇▇▇▇ Merchant must create a Transaction Record for each Discover Card Transaction and deliver at least one copy of the Transaction Record to the Cardholder. A Merchant may issue a Cash Over (subject to the terms of the Network Rules) in connection with a Discover Card Transaction. Merchant must deliver a single Authorization request for the aggregate total of the goods/services purchase amount and the Cash Over amount. In addition, the Transaction Record must include both the purchase amount and the Cash Over amount.
Appears in 3 contracts
Sources: Merchant Agreement, Merchant Agreement, Merchant Agreement
Limited Acceptance. (a) If appropriately so indicated on the Merchant Applicationbelow, Merchant shall acknowledges and agrees that it wishes to be a limited acceptance merchantLimited Acceptance Merchant, which means that ▇▇▇▇▇▇▇▇ Merchant has elected to accept only certain Visa and VISA/MasterCard Card card types as indicated on the Merchant Applicationbelow, or via later notification. The Visa or MasterCard credit acceptance option on the Merchant Application refers to Visa credit further acknowledges and business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard credit and signature debit transactions; provided, however, agrees that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Mark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Provider Acquirer has no obligation other than those expressly provided under the Network Rules Operating Regulations and applicable Law law as they may relate to limited acceptance. Provideracceptance and that Acquirer’s obligations do not include policing card types at the point-of-point of sale. As a Limited Acceptance Merchant, Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing Limited Acceptance. Merchant will be solely responsible for policing, at the Card Network point of sale, the card type(s) of transactions at the point-of-sale submitted it submits for processing by ProviderAcquirer. Should Merchant submit a Transaction transaction for processing for a card type it has indicated it does not wish to accept, Provider Acquirer may process that Transaction transaction and Merchant will pay the applicable fees, charges, and assessments associated with that Transactiontransaction. For Merchant’s convenience, a general description of VISA/MasterCard card types are:
i. Consumer Credit - a consumer credit card issued by a U.S. Issuer or a commercial credit card issued by a non-U.S. Issuer; this category does not include VISA or MasterCard branded signature-based debit cards.
ii. Consumer Debit - a VISA or MasterCard branded signature- based debit card (including certain stored-value and prepaid cards).
iii. Commercial - a VISA or MasterCard branded credit card issued by a U.S. Issuer that bears the descriptive term “Business Card”, “Corporate Card”, “Purchasing Card”, “Fleet Card”, or similar descriptive term indicated pursuant to the Operating Regulations. Only if checked below, Merchant wishes to be a Limited Acceptance Merchant, which means that Merchant will comply with any applicable Laws and Network Rules and other applicable rules and regulations for accept only the Card Network type processed.
VISA/MASTERCARD card types indicated below: ◻ VISA Credit Cards ◻ VISA Debit Cards (bsignature based) If Merchant has chosen to accept Discover ◻ MasterCard Credit ◻ MasterCard Debit Cards in the Merchant Application, Merchant must accept Discover Cards at all Merchant establishments, including in payment for purchases of goods and services, for charitable contributions and for Cash Over Transactions (subject to the terms of the Network Rules and other applicable rules and regulationssignature based), when properly presented for payment by a Cardholder. Subject to this section, ▇▇▇▇▇▇▇▇ must create a Transaction Record for each Discover Card Transaction and deliver at least one copy of the Transaction Record to the Cardholder. A Merchant may issue a Cash Over (subject to the terms of the Network Rules) in connection with a Discover Card Transaction. Merchant must deliver a single Authorization request for the aggregate total of the goods/services purchase amount and the Cash Over amount. In addition, the Transaction Record must include both the purchase amount and the Cash Over amount.
Appears in 3 contracts
Sources: Merchant Services Agreement for Sub Merchants, Merchant Services Agreement for Sub Merchants, Merchant Services Agreement for Sub Merchants
Limited Acceptance. (a) If appropriately indicated on the Merchant Application, Merchant shall be a limited acceptance merchant, which means that ▇▇▇▇▇▇▇▇ Merchant has elected to accept only certain Visa and MasterCard Card types as indicated on the Merchant Application, or via later notification. The Visa or MasterCard credit acceptance option on the Merchant Application refers to Visa credit and business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Mark ▇▇▇▇ must be accepted if Merchant accepts MasterCard Card transactions of the same type). Provider has no obligation other than those expressly provided under the Network Rules and applicable Law as they may relate to limited acceptance. Provider’s obligations do not include policing card types at the point-of-sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing the Card Network type(s) of transactions at the point-of-sale submitted for processing by Provider. Should Merchant submit a Transaction for processing for a card type it has indicated it does not wish to accept, Provider may process that Transaction and Merchant will pay the applicable fees, charges, and assessments associated with that Transaction. Merchant will comply with any applicable Laws and Network Rules and other applicable rules and regulations for the Card Network type processed.
(b) If Merchant has chosen to accept Discover Cards in the Merchant Application, Merchant must accept Discover Cards at all Merchant establishments, including in payment for purchases of goods and services, for charitable contributions and for Cash Over Transactions (subject to the terms of the Network Rules and other applicable rules and regulations), when properly presented for payment by a Cardholder. Subject to this section, ▇▇▇▇▇▇▇▇ Merchant must create a Transaction Record for each Discover Card Transaction and deliver at least one copy of the Transaction Record to the Cardholder. A Merchant may issue a Cash Over (subject to the terms of the Network Rules) in connection with a Discover Card Transaction. Merchant must deliver a single Authorization request for the aggregate total of the goods/services purchase amount and the Cash Over amount. In addition, the Transaction Record must include both the purchase amount and the Cash Over amount.
Appears in 3 contracts
Sources: Merchant Agreement, Merchant Agreement, Merchant Agreement
Limited Acceptance. You have the option to elect to be a Limited Acceptance Provider and only accept certain Visa, Mastercard or other Card Network Card types (“Limited Acceptance”). Processor, Bank and their designated vendors have no obligations with regard to Limited Acceptance except those expressly stated in the Rules, Operating Regulations or the Laws. Processor, Bank and their vendors have no obligation to monitor, review, or oversee card types accepted by You at the point of sale. If You elect to be a Limited Acceptance Provider, Y ou are solely responsible for implementing your Limited Acceptance and for paying all costs related thereto. Should You submit a transaction involving a Card type You have indicated You do not wish to accept, Processor, Bank and/or their designated vendors may process that transaction and Y ou will be s o le ly responsible for all fees, charges and assessments related to that transaction. A general description of Visa/Mastercard card types are: (a) If appropriately indicated on the Merchant Application, Merchant shall be Consumer Credit: a limited acceptance merchant, which means that ▇▇▇▇▇▇▇▇ has elected to accept only certain Visa and MasterCard Card types as indicated on the Merchant Application, consumer credit card issued by a U.S. Issuer or via later notification. The Visa or MasterCard a commercial credit acceptance option on the Merchant Application refers to Visa credit and business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types card issued by a non-U.S. issuer. Merchant is Issuer, this category does not required to accept Cards of Card Networks other than include Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Mark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Provider has no obligation other than those expressly provided under the Network Rules and applicable Law as they may relate to limited acceptance. Provider’s obligations do not include policing card types at the pointMastercard branded signature-of-sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing the Card Network type(s) of transactions at the point-of-sale submitted for processing by Provider. Should Merchant submit a Transaction for processing for a card type it has indicated it does not wish to accept, Provider may process that Transaction and Merchant will pay the applicable fees, charges, and assessments associated with that Transaction. Merchant will comply with any applicable Laws and Network Rules and other applicable rules and regulations for the Card Network type processed.
based debit cards; (b) Consumer Debit: a Visa or Mastercard branded signature-based debit card (including certain stored-value and prepaid cards); and (c) Business Credit: a Visa or Mastercard branded credit card issued by a U.S. Issuer that bears the descriptive term “Business Card,” “Corporate Card,” “Purchasing Card,” “Fleet Card,” or similar descriptive term indicated pursuant to the Rules. If Merchant has chosen You elected to accept Discover Cards in be a Limited Acceptance Provider on the Merchant Application, then You will be deemed as such by Processor and shall accept only the Visa and/or Mastercard types indicated on the Merchant must accept Discover Cards at all Merchant establishments, including in payment for purchases of goods and services, for charitable contributions and for Cash Over Transactions (subject to the terms of the Network Rules and other applicable rules and regulations), when properly presented for payment by a Cardholder. Subject to this section, ▇▇▇▇▇▇▇▇ must create a Transaction Record for each Discover Card Transaction and deliver at least one copy of the Transaction Record to the Cardholder. A Merchant may issue a Cash Over (subject to the terms of the Network Rules) in connection with a Discover Card Transaction. Merchant must deliver a single Authorization request for the aggregate total of the goods/services purchase amount and the Cash Over amount. In addition, the Transaction Record must include both the purchase amount and the Cash Over amountApplication.
Appears in 2 contracts
Sources: Merchant Processing Agreement, Merchant Processing Agreement
Limited Acceptance. (a) If appropriately indicated on the Merchant Application, Merchant shall be a limited acceptance merchant, which means that ▇▇▇▇▇▇▇▇ Merchant has elected to accept only certain Visa and MasterCard Card types as indicated on the Merchant Application, or via later notification. The Visa or MasterCard credit acceptance option on the Merchant Application refers to Visa credit and business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Mark ▇▇▇▇ must be accepted if Merchant accepts MasterCard Card transactions of the same type). Provider has no obligation other than those expressly provided under the Network Rules and applicable Law as they may relate to limited acceptance. Provider’s obligations do not include policing card types at the point-point- of-sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing the Card Network type(s) of transactions at the point-of-sale submitted for processing by Provider. Should Merchant submit a Transaction for processing for a card type it has indicated it does not wish to accept, Provider may process that Transaction and Merchant will pay the applicable fees, charges, and assessments associated with that Transaction. Merchant will comply with any applicable Laws and Network Rules and other applicable rules and regulations for the Card Network type processed.
(b) If Merchant has chosen to accept Discover Cards in the Merchant Application, Merchant must accept Discover Cards at all Merchant establishments, including in payment for purchases of goods and services, for charitable contributions and for Cash Over Transactions (subject to the terms of the Network Rules and other applicable rules and regulations), when properly presented for payment by a Cardholder. Subject to this section, ▇▇▇▇▇▇▇▇ Merchant must create a Transaction Record for each Discover Card Transaction and deliver at least one copy of the Transaction Record to the Cardholder. A Merchant may issue a Cash Over (subject to the terms of the Network Rules) in connection with a Discover Card Transaction. Merchant must deliver a single Authorization request for the aggregate total of the goods/services purchase amount and the Cash Over amount. In addition, the Transaction Record must include both the purchase amount and the Cash Over amount.
Appears in 2 contracts
Sources: Merchant Agreement, Merchant Agreement
Limited Acceptance. (a) If appropriately indicated on Sub-Merchant so indicates in the applicable Purchase Order, Application or below, Sub-Merchant Application, Merchant shall acknowledges and agrees that it wishes to be a limited acceptance merchant“Limited Acceptance Merchant”, which means that ▇▇▇▇▇▇▇▇ Sub-Merchant has elected to accept only certain Visa and VISA/MasterCard Card card types as indicated on the Merchant Applicationbelow, or via later notification. The Visa or MasterCard credit acceptance option on the Sub-Merchant Application refers to Visa credit further acknowledges and business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard credit and signature debit transactions; provided, however, agrees that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Mark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Provider Acquirer has no obligation obligations other than those expressly provided under the Network Rules Operating Regulations and applicable Law Applicable Laws as they may relate to limited acceptance. Provideracceptance and that Acquirer’s obligations do not include policing card types at the point-of-point of sale. As a Limited Acceptance Merchant, Sub-Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing acceptance. Sub-Merchant will be solely responsible for policing, at the Card Network point of sale, the card type(s) of transactions at the point-of-sale submitted it submits for processing by ProviderAcquirer. Should Sub-Merchant submit a Transaction transaction for processing for a card type it has indicated it does not wish to accept, Provider Acquirer may process that Transaction transaction and Sub-Merchant will pay the applicable fees, charges, and assessments associated with that Transactiontransaction. For Sub-Merchant’s convenience, a general description of VISA/MasterCard card types are:
i. Consumer Credit - a consumer credit card issued by a U.S. Issuer or a commercial credit card issued by a non-U.S. Issuer; this category does not include VISA or MasterCard branded signature-based debit cards.
ii. Consumer Debit - a VISA or MasterCard branded signature-based debit card (including certain stored-value and prepaid cards).
iii. Commercial - a VISA or MasterCard branded credit card issued by a U.S. Issuer that bears the descriptive term “Business Card”, “Corporate Card”, “Purchasing Card”, “Fleet Card”, or similar descriptive term indicated pursuant to the Operating Regulations. Only if indicated in the applicable Purchase Order, Application or below, Sub-Merchant wishes to be a Limited Acceptance Merchant, which means that Sub-Merchant will comply with any applicable Laws and Network Rules and other applicable rules and regulations for accept only the Card Network type processed.
VISA/MasterCard card types indicated below: VISA Credit Cards VISA Debit Cards (bsignature based) If Merchant has chosen to accept Discover MasterCard Credit MasterCard Debit Cards in the Merchant Application, Merchant must accept Discover Cards at all Merchant establishments, including in payment for purchases of goods and services, for charitable contributions and for Cash Over Transactions (subject to the terms of the Network Rules and other applicable rules and regulationssignature based), when properly presented for payment by a Cardholder. Subject to this section, ▇▇▇▇▇▇▇▇ must create a Transaction Record for each Discover Card Transaction and deliver at least one copy of the Transaction Record to the Cardholder. A Merchant may issue a Cash Over (subject to the terms of the Network Rules) in connection with a Discover Card Transaction. Merchant must deliver a single Authorization request for the aggregate total of the goods/services purchase amount and the Cash Over amount. In addition, the Transaction Record must include both the purchase amount and the Cash Over amount.
Appears in 1 contract
Sources: Sub Merchant Agreement
Limited Acceptance. (a) If appropriately so indicated on the Merchant Applicationbelow, Merchant shall ▇▇▇▇▇▇▇▇ acknowledges and agrees that it wishes to be a limited acceptance Limited Acceptance merchant, which means that ▇▇▇▇▇▇▇▇ has elected to accept only certain Visa and VISA/MasterCard Card card types as indicated on the Merchant Applicationbelow, or via later notification. The Visa or MasterCard credit acceptance option on the Merchant Application refers to Visa credit ▇▇▇▇▇▇▇▇ further acknowledges and business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard credit and signature debit transactions; provided, however, agrees that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Mark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Provider Processor has no obligation other than those expressly provided under the Network Rules Operating Regulations and applicable Law law as they may relate to limited acceptance. Provideracceptance and that Processor’s obligations do not include policing card types at the point-of-point of sale. As a Limited Acceptance Merchant, Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing Limited Acceptance. Merchant will be solely responsible for policing, at the Card Network point of sale, the card type(s) of transactions at the point-of-sale submitted it submits for processing by ProviderProcessor. Should Merchant submit a Transaction transaction for processing for a card type it has indicated it does not wish to accept, Provider Processor may process that Transaction transaction and Merchant will pay the applicable fees, charges, and assessments associated with that Transactiontransaction. For Merchant’s convenience, a general description of VISA/MasterCard card types are:
a. Consumer Credit - a consumer credit card issued by a U.S. Issuer or a commercial credit card issued by a non-U.S. Issuer; this category does not include VISA or MasterCard branded signature- based debit cards.
b. Consumer Debit - a VISA or MasterCard branded signature- based debit card (including certain stored-value and prepaid cards).
c. Commercial - a VISA or MasterCard branded credit card issued by a U.S. Issuer that bears the descriptive term “Business Card”, “Corporate Card”, “Purchasing Card”, “Fleet Card”, or similar descriptive term indicated pursuant to the Operating Regulations. Only if checked below, Merchant wishes to be a Limited Acceptance Merchant, which means that Merchant will comply with any applicable Laws and Network Rules and other applicable rules and regulations for accept only the Card Network type processed.
VISA/MASTERCARD card types indicated below: □ VISA Credit Cards □ VISA Debit Cards (bsignature based) If Merchant has chosen to accept Discover □ MasterCard Credit □ MasterCard Debit Cards in the Merchant Application, Merchant must accept Discover Cards at all Merchant establishments, including in payment for purchases of goods and services, for charitable contributions and for Cash Over Transactions (subject to the terms of the Network Rules and other applicable rules and regulationssignature based), when properly presented for payment by a Cardholder. Subject to this section, ▇▇▇▇▇▇▇▇ must create a Transaction Record for each Discover Card Transaction and deliver at least one copy of the Transaction Record to the Cardholder. A Merchant may issue a Cash Over (subject to the terms of the Network Rules) in connection with a Discover Card Transaction. Merchant must deliver a single Authorization request for the aggregate total of the goods/services purchase amount and the Cash Over amount. In addition, the Transaction Record must include both the purchase amount and the Cash Over amount.
Appears in 1 contract
Sources: Bank Card Merchant Agreement
Limited Acceptance. (a) If appropriately so indicated on the Merchant Applicationbelow, Merchant shall acknowledges and agrees that it wishes to be a limited acceptance Limited Acceptance merchant, which means that ▇▇▇▇▇▇▇▇ Merchant has elected to accept only certain Visa and VISA/MasterCard Card card types as indicated on the Merchant Applicationbelow, or via later notification. The Visa or MasterCard credit acceptance option on the Merchant Application refers to Visa credit further acknowledges and business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard credit and signature debit transactions; provided, however, agrees that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Mark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Provider Processor has no obligation other than those expressly provided under the Network Rules Operating Regulations and applicable Law law as they may relate to limited acceptance. Provideracceptance and that Processor’s obligations do not include policing card types at the point-of-point of sale. As a Limited Acceptance Merchant, Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing Limited Acceptance. Merchant will be solely responsible for policing, at the Card Network point of sale, the card type(s) of transactions at the point-of-sale submitted it submits for processing by ProviderProcessor. Should Merchant submit a Transaction transaction for processing for a card type it has indicated it does not wish to accept, Provider Processor may process that Transaction transaction and Merchant will pay the applicable fees, charges, and assessments associated with that Transactiontransaction. For Merchant’s convenience, a general description of VISA/MasterCard card types are:
a. Consumer Credit - a consumer credit card issued by a U.S. Issuer or a commercial credit card issued by a non-U.S. Issuer; this category does not include VISA or MasterCard branded signature- based debit cards.
b. Consumer Debit - a VISA or MasterCard branded signature- based debit card (including certain stored-value and prepaid cards).
c. Commercial - a VISA or MasterCard branded credit card issued by a U.S. Issuer that bears the descriptive term “Business Card”, “Corporate Card”, “Purchasing Card”, “Fleet Card”, or similar descriptive term indicated pursuant to the Operating Regulations. Only if checked below, Merchant wishes to be a Limited Acceptance Merchant, which means that Merchant will comply with any applicable Laws and Network Rules and other applicable rules and regulations for accept only the Card Network type processed.
VISA/MASTERCARD card types indicated below: □ VISA Credit Cards □ VISA Debit Cards (bsignature based) If Merchant has chosen to accept Discover □ MasterCard Credit □ MasterCard Debit Cards in the Merchant Application, Merchant must accept Discover Cards at all Merchant establishments, including in payment for purchases of goods and services, for charitable contributions and for Cash Over Transactions (subject to the terms of the Network Rules and other applicable rules and regulationssignature based), when properly presented for payment by a Cardholder. Subject to this section, ▇▇▇▇▇▇▇▇ must create a Transaction Record for each Discover Card Transaction and deliver at least one copy of the Transaction Record to the Cardholder. A Merchant may issue a Cash Over (subject to the terms of the Network Rules) in connection with a Discover Card Transaction. Merchant must deliver a single Authorization request for the aggregate total of the goods/services purchase amount and the Cash Over amount. In addition, the Transaction Record must include both the purchase amount and the Cash Over amount.
Appears in 1 contract
Sources: Bank Card Merchant Agreement
Limited Acceptance. (a) If appropriately so indicated on the Merchant Applicationbelow, Merchant shall acknowledges and agrees that it wishes to be a limited acceptance merchantLimited Acceptance Merchant, which means that ▇▇▇▇▇▇▇▇ Merchant has elected to accept only certain Visa and VISA/MasterCard Card card types as indicated on the Merchant Applicationbelow, or via later notification. The Visa or MasterCard credit acceptance option on the Merchant Application refers to Visa credit further acknowledges and business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard credit and signature debit transactions; provided, however, agrees that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Mark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Provider Acquirer has no obligation other than those expressly provided under the Network Rules Operating Regulations and applicable Law law as they may relate to limited acceptance. Provideracceptance and that Acquirer’s obligations do not include policing card types at the point-of-point of sale. As a Limited Acceptance Merchant, Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing Limited Acceptance. Merchant will be solely responsible for policing, at the Card Network point of sale, the card type(s) of transactions at the point-of-sale submitted it submits for processing by ProviderAcquirer. Should Merchant submit a Transaction transaction for processing for a card type it has indicated it does not wish to accept, Provider Acquirer may process that Transaction transaction and Merchant will pay the applicable fees, charges, and assessments associated with that Transactiontransaction. For Merchant’s convenience, a general description of VISA/MasterCard card types are:
i. Consumer Credit - a consumer credit card issued by a U.S. Issuer or a commercial credit card issued by a non-U.S. Issuer; this category does not include VISA or MasterCard branded signature-based debit cards.
ii. Consumer Debit - a VISA or MasterCard branded signature- based debit card (including certain stored-value and prepaid cards).
iii. Commercial - a VISA or MasterCard branded credit card issued by a U.S. Issuer that bears the descriptive term “Business Card”, “Corporate Card”, “Purchasing Card”, “Fleet Card”, or similar descriptive term indicated pursuant to the Operating Regulations. Only if checked below, Merchant wishes to be a Limited Acceptance Merchant, which means that Merchant will comply with any applicable Laws and Network Rules and other applicable rules and regulations for accept only the VISA/MASTERCARD card types indicated below: □ VISA Credit Cards □ VISA Debit Cards (signature based) □ MasterCard Credit □ MasterCard Debit Cards (signature based) 10. AMENDMENTS TO CARDS AND/OR PAYMENT CARD PROCESSING SERVICES. Amendments to Cards and/or Payment Card Network type processed.
(b) If Merchant has chosen to accept Discover Processing Services. Integrity Business Partners or Member Bank may amend or delete Cards or Payment Card Processing Services listed in the Merchant Application, Application by notifying Merchant must accept Discover in writing. All provisions of this Agreement shall apply to Cards at all or Payment Card Processing Services added to this Agreement. Integrity Business Partners shall notify Merchant establishments, including in of the fees to be charged for processing the additional Cards and Payment Card Processing Services. Acceptance by Merchant of a new approved Card as payment for purchases a Payment Card Processing Transaction or continued use of goods and services, for charitable contributions and for Cash Over Transactions (subject Payment Card Processing Service after Integrity Business Partners or Member Bank has sent Merchant notice of an amendment shall constitute Merchant’s agreement to the terms of the Network Rules and other applicable rules and regulations), when properly presented for payment by a Cardholder. Subject to this section, ▇▇▇▇▇▇▇▇ must create a Transaction Record for each Discover Card Transaction and deliver at least one copy of the Transaction Record to the Cardholder. A Merchant may issue a Cash Over (subject to the terms of the Network Rules) in connection with a Discover Card Transaction. Merchant must deliver a single Authorization request for the aggregate total of the goods/services purchase amount amendment and the Cash Over amount. In addition, the Transaction Record must include both the purchase amount and the Cash Over amountfees or charges related to these additions.
Appears in 1 contract
Limited Acceptance. You have the option to elect to be a Limited Acceptance Provider and only accept certain Visa, Mastercard or other Card Network Card types (“Limited Acceptance”). Processor, Bank and their designated vendors have no obligations with regard to Limited Acceptance except those expressly stated in the Rules, Operating Regulations or the Laws. Processor, Bank and their vendors have no obligation to monitor, review, or oversee card types accepted by You at the point of sale. If You elect to be a Limited Acceptance Provider, Y ou are solely responsible for implementing your Limited Acceptance and for paying all costs related thereto. Should You submit a transaction involving a Card type You have indicated You do not wish to accept, Processor, Bank and/or their designated vendors may process that transaction and Y ou will be s o le ly responsible for all fees, charges and assessments related to that transaction. A general description of Visa/Mastercard card types are: (a) If appropriately indicated on the Merchant Application, Merchant shall be Consumer Credit: a limited acceptance merchant, which means that ▇▇▇▇▇▇▇▇ has elected to accept only certain Visa and MasterCard Card types as indicated on the Merchant Application, consumer credit card issued by a U.S. Issuer or via later notification. The Visa or MasterCard a commercial credit acceptance option on the Merchant Application refers to Visa credit and business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types card issued by a non-U.S. issuer. Merchant is Issuer, this category does not required to accept Cards of Card Networks other than include Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Mark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Provider has no obligation other than those expressly provided under the Network Rules and applicable Law as they may relate to limited acceptance. Provider’s obligations do not include policing card types at the pointMastercard branded signature-of-sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing the Card Network type(s) of transactions at the point-of-sale submitted for processing by Provider. Should Merchant submit a Transaction for processing for a card type it has indicated it does not wish to accept, Provider may process that Transaction and Merchant will pay the applicable fees, charges, and assessments associated with that Transaction. Merchant will comply with any applicable Laws and Network Rules and other applicable rules and regulations for the Card Network type processed.
based debit cards; (b) Consumer Debit: a Visa or Mastercard branded signature-based debit card (including certain stored-value and prepaid cards); and (c) Business Credit: a Visa or Mastercard branded credit card issued by a U.S. Issuer that bears the descriptive term “Business Card,” “Corporate Card,” “Purchasing Card,” “Fleet Card,” or similar descriptive term indicated pursuant to the Rules. If Merchant has chosen You elected to accept Discover Cards in be a Limited Acceptance Provider on the Merchant Application, Merchant must then You will be deemed as such by Processor and shall accept Discover Cards at all Merchant establishments, including in payment for purchases of goods and services, for charitable contributions and for Cash Over Transactions (subject to only the terms of Visa and/or Mastercard types indicated on the Network Rules and other applicable rules and regulations), when properly presented for payment by a Cardholder. Subject to this section, ▇▇▇▇▇▇▇▇ must create a Transaction Record for each Discover Card Transaction and deliver at least one copy of the Transaction Record to the Cardholder. A Merchant may issue a Cash Over (subject to the terms of the Network Rules) in connection with a Discover Card Transaction. Merchant must deliver a single Authorization request for the aggregate total of the goods/services purchase amount and the Cash Over amount. In addition, the Transaction Record must include both the purchase amount and the Cash Over amountMerchantApplication.
Appears in 1 contract
Sources: Merchant Processing Agreement
Limited Acceptance. (a) If appropriately indicated on the Merchant Application, Merchant shall be a limited acceptance merchant, which means that ▇▇▇▇▇▇▇▇ has elected to accept only certain Visa and MasterCard Card types as indicated on the Merchant Application, or via later notification. The Visa or MasterCard credit acceptance option on the Merchant Application refers to Visa credit and business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. nonU.S. issuer. Merchant is not required to accept Cards of Card Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Mark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Provider has no obligation other than those expressly provided under the Network Rules and applicable Law as they may relate to limited acceptance. Provider’s obligations do not include policing card types at the point-of-sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing the Card Network type(s) of transactions at the point-of-sale submitted for processing by Provider. Should Merchant submit a Transaction for processing for a card type it has indicated it does not wish to accept, Provider may process that Transaction and Merchant will pay the applicable fees, charges, and assessments associated with that Transaction. Merchant will comply with any applicable Laws and Network Rules and other applicable rules and regulations for the Card Network type processed.
(b) If Merchant has chosen to accept Discover Cards in the Merchant Application, Merchant must accept Discover Cards at all Merchant establishments, including in payment for purchases of goods and services, for charitable contributions and for Cash Over Transactions (subject to the terms of the Network Rules and other applicable rules and regulations), when properly presented for payment by a Cardholder. Subject to this section, ▇▇▇▇▇▇▇▇ must create a Transaction Record for each Discover Card Transaction and deliver at least one copy of the Transaction Record to the Cardholder. A Merchant may issue a Cash Over (subject to the terms of the Network Rules) in connection with a Discover Card Transaction. Merchant must deliver a single Authorization request for the aggregate total of the goods/services purchase amount and the Cash Over amount. In addition, the Transaction Record must include both the purchase amount and the Cash Over amount.
Appears in 1 contract
Sources: Merchant Agreement
Limited Acceptance. (a) If appropriately indicated on Sub-Merchant so indicates in the applicable Purchase Order, Application or below, Sub-Merchant Application, Merchant shall acknowledges and agrees that it wishes to be a limited acceptance merchant“Limited Acceptance Merchant”, which means that ▇▇▇▇▇▇▇▇ Sub-Merchant has elected to accept only certain Visa and VISA/MasterCard Card card types as indicated on the Merchant Applicationbelow, or via later notification. The Visa or MasterCard credit acceptance option on the Sub-Merchant Application refers to Visa credit further acknowledges and business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard credit and signature debit transactions; provided, however, agrees that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Mark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Provider Acquirer has no obligation obligations other than those expressly provided under the Network Rules Operating Regulations and applicable Law Applicable Laws as they may relate to limited acceptance. Provideracceptance and that Acquirer’s obligations do not include policing card types at the point-of-point of sale. As a Limited Acceptance Merchant, Sub-Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing acceptance. Sub-Merchant will be solely responsible for policing, at the Card Network point of sale, the card type(s) of transactions at the point-of-sale submitted it submits for processing by ProviderAcquirer. Should Sub-Merchant submit a Transaction transaction for processing for a card type it has indicated it does not wish to accept, Provider Acquirer may process that Transaction transaction and Sub-Merchant will pay the applicable fees, charges, and assessments associated with that Transactiontransaction. For Sub-Merchant’s convenience, a general description of VISA/MasterCard card types are:
i. Consumer Credit - a consumer credit card issued by a U.S. Issuer or a commercial credit card issued by a non-U.S. Issuer; this category does not include VISA or MasterCard branded signature-based debit cards.
ii. Consumer Debit - a VISA or MasterCard branded signature-based debit card (including certain stored-value and prepaid cards).
iii. Commercial - a VISA or MasterCard branded credit card issued by a U.S. Issuer that bears the descriptive term “Business Card”, “Corporate Card”, “Purchasing Card”, “Fleet Card”, or similar descriptive term indicated pursuant to the Operating Regulations. Only if indicated in the applicable Purchase Order, Application or below, Sub-Merchant wishes to be a Limited Acceptance Merchant, which means that Sub-Merchant will comply with any applicable Laws and Network Rules and other applicable rules and regulations for accept only the Card Network type processed.
VISA/MasterCard card types indicated below: ◻ VISA Credit Cards ◻ VISA Debit Cards (bsignature based) If Merchant has chosen to accept Discover ◻ MasterCard Credit ◻ MasterCard Debit Cards in the Merchant Application, Merchant must accept Discover Cards at all Merchant establishments, including in payment for purchases of goods and services, for charitable contributions and for Cash Over Transactions (subject to the terms of the Network Rules and other applicable rules and regulationssignature based), when properly presented for payment by a Cardholder. Subject to this section, ▇▇▇▇▇▇▇▇ must create a Transaction Record for each Discover Card Transaction and deliver at least one copy of the Transaction Record to the Cardholder. A Merchant may issue a Cash Over (subject to the terms of the Network Rules) in connection with a Discover Card Transaction. Merchant must deliver a single Authorization request for the aggregate total of the goods/services purchase amount and the Cash Over amount. In addition, the Transaction Record must include both the purchase amount and the Cash Over amount.
Appears in 1 contract
Sources: Sub Merchant Agreement
Limited Acceptance. (a) If appropriately so indicated on the Merchant Applicationbelow, Merchant shall acknowledges and agrees that it wishes to be a limited acceptance Limited Acceptance merchant, which means that ▇▇▇▇▇▇▇▇ Merchant has elected to accept only certain Visa and VISA/MasterCard Card card types as indicated on the Merchant Applicationbelow, or via later notification. The Visa or MasterCard credit acceptance option on the Merchant Application refers to Visa credit further acknowledges and business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard credit and signature debit transactions; provided, however, agrees that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Mark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Provider Processor has no obligation other than those expressly provided under the Network Rules Operating Regulations and applicable Law law as they may relate to limited acceptance. Provideracceptance and that Processor’s obligations do not include policing card types at the point-of-point of sale. As a Limited Acceptance Merchant, Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing Limited Acceptance. Merchant will be solely responsible for policing, at the Card Network point of sale, the card type(s) of transactions at the point-of-sale submitted it submits for processing by ProviderProcessor. Should Merchant submit a Transaction transaction for processing for a card type it has indicated it does not wish to accept, Provider Processor may process that Transaction transaction and Merchant will pay the applicable fees, charges, and assessments associated with that Transactiontransaction. For Merchant’s convenience, a general description of VISA/MasterCard card types are:
a. Consumer Credit - a consumer credit card issued by a U.S. Issuer or a commercial credit card issued by a non-U.S. Issuer; this category does not include VISA or MasterCard branded signature-based debit cards.
b. Consumer Debit - a VISA or MasterCard branded signature-based debit card (including certain stored-value and prepaid cards).
c. Commercial - a VISA or MasterCard branded credit card issued by a U.S. Issuer that bears the descriptive term “Business Card”, “Corporate Card”, “Purchasing Card”, “Fleet Card”, or similar descriptive term indicated pursuant to the Operating Regulations. Only if checked below, Merchant wishes to be a Limited Acceptance Merchant, which means that Merchant will comply with any applicable Laws and Network Rules and other applicable rules and regulations for accept only the Card Network type processed.
VISA/MASTERCARD card types indicated below: ? VISA Credit Cards ? VISA Debit Cards (bsignature based) If Merchant has chosen to accept Discover ? MasterCard Credit ? MasterCard Debit Cards in the Merchant Application, Merchant must accept Discover Cards at all Merchant establishments, including in payment for purchases of goods and services, for charitable contributions and for Cash Over Transactions (subject to the terms of the Network Rules and other applicable rules and regulationssignature based), when properly presented for payment by a Cardholder. Subject to this section, ▇▇▇▇▇▇▇▇ must create a Transaction Record for each Discover Card Transaction and deliver at least one copy of the Transaction Record to the Cardholder. A Merchant may issue a Cash Over (subject to the terms of the Network Rules) in connection with a Discover Card Transaction. Merchant must deliver a single Authorization request for the aggregate total of the goods/services purchase amount and the Cash Over amount. In addition, the Transaction Record must include both the purchase amount and the Cash Over amount.
Appears in 1 contract
Limited Acceptance. You have the option to elect to be a Limited Acceptance Provider and only accept only certain Visa, Mastercard or other Card Network Card types (“Limited Acceptance”). 2AP, Bank and their designated vendors have no obligations with regard to Limited Acceptance except those expressly stated in the Operating Regulations or the Laws. 2AP, Bank and their designated vendors have no obligation to police card types accepted by you at the point of sale. If you elect to be a Limited Acceptance Provider, you are solely responsible for implementing your Limited Acceptance and for paying all costs related thereto. Should you submit a transaction involving a Card type you have indicated you do not wish to accept, 2AP, Bank and/or their designated vendors may process that transaction and you will be responsible for all fees, charges and assessments related to that transaction. A general description of Visa/Mastercard card types are: (a) Consumer Credit: a consumer credit card issued by a U.S. Issuer or a commercial credit card issued by a non-U.S. Issuer, this category does not include Visa or Mastercard branded signature-based debit cards; (b) Consumer Debit: a Visa or Mastercard branded signature-based debit card (including certain stored-value and prepaid cards); and (c) Business Credit: a Visa or Mastercard branded credit card issued by a U.S. Issuer that bears the descriptive term “Business Card,” “Corporate Card,” “Purchasing Card,” “Fleet Card,” or similar descriptive term indicated pursuant to the Rules. If appropriately indicated on the Merchant Application, Merchant shall Provider agrees to elect to be a limited acceptance merchant, which means that ▇▇▇▇▇▇▇▇ has elected to Limited Acceptance Provider and will accept only certain the Visa and MasterCard Card and/or Mastercard types as indicated on the Merchant Application, or via later notification. The Visa or MasterCard credit acceptance option on the Merchant Application refers to Visa credit and business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Mark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Provider has no obligation other than those expressly provided under the Network Rules and applicable Law as they may relate to limited acceptance. Provider’s obligations do not include policing card types at the point-of-sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing the Card Network type(s) of transactions at the point-of-sale submitted for processing by Provider. Should Merchant submit a Transaction for processing for a card type it has indicated it does not wish to accept, Provider may process that Transaction and Merchant will pay the applicable fees, charges, and assessments associated with that Transaction. Merchant will comply with any applicable Laws and Network Rules and other applicable rules and regulations for the Card Network type processed.
(b) If Merchant has chosen to accept Discover Cards in the Merchant Application, Merchant must accept Discover Cards at all Merchant establishments, including in payment for purchases of goods and services, for charitable contributions and for Cash Over Transactions (subject to the terms of the Network Rules and other applicable rules and regulations), when properly presented for payment by a Cardholder. Subject to this section, ▇▇▇▇▇▇▇▇ must create a Transaction Record for each Discover Card Transaction and deliver at least one copy of the Transaction Record to the Cardholder. A Merchant may issue a Cash Over (subject to the terms of the Network Rules) in connection with a Discover Card Transaction. Merchant must deliver a single Authorization request for the aggregate total of the goods/services purchase amount and the Cash Over amount. In addition, the Transaction Record must include both the purchase amount and the Cash Over amount.
Appears in 1 contract
Limited Acceptance. (a) If appropriately indicated on Sub-Merchant so indicates in the applicable Purchase Order, Application or below, Sub-Merchant Application, Merchant shall acknowledges and agrees that it wishes to be a limited acceptance merchant“Limited Acceptance Merchant”, which means that ▇▇▇▇▇▇▇▇ Sub-Merchant has elected to accept only certain Visa and VISA/MasterCard Card card types as indicated on the Merchant Applicationbelow, or via later notification. The Visa or MasterCard credit acceptance option on the Sub-Merchant Application refers to Visa credit further acknowledges and business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard credit and signature debit transactions; provided, however, agrees that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Mark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Provider Acquirer has no obligation obligations other than those expressly provided under the Network Rules Operating Regulations and applicable Law Applicable Laws as they may relate to limited acceptance. Provideracceptance and that Acquirer’s obligations do not include policing card types at the point-of-point of sale. As a Limited Acceptance Merchant, Sub-Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing acceptance. Sub-Merchant will be solely responsible for policing, at the Card Network point of sale, the card type(s) of transactions at the point-of-sale submitted it submits for processing by ProviderAcquirer. Should Sub-Merchant submit a Transaction transaction for processing for a card type it has indicated it does not wish to accept, Provider Acquirer may process that Transaction transaction and Sub-Merchant will pay the applicable fees, charges, and assessments associated with that Transactiontransaction. For Sub-Merchant’s convenience, a general description of VISA/MasterCard card types are:
i. Consumer Credit - a consumer credit card issued by a U.S. Issuer or a commercial credit card issued by a non-U.S. Issuer; this category does not include VISA or MasterCard branded signature-based debit cards.
ii. Consumer Debit - a VISA or MasterCard branded signature-based debit card (including certain stored-value and prepaid cards).
iii. Commercial - a VISA or MasterCard branded credit card issued by a U.S. Issuer that bears the descriptive term “Business Card”, “Corporate Card”, “Purchasing Card”, “Fleet Card”, or similar descriptive term indicated pursuant to the Operating Regulations. Only if indicated in the applicable Purchase Order, Application or below, Sub-Merchant wishes to be a Limited Acceptance Merchant, which means that Sub-Merchant will comply with any applicable Laws and Network Rules and other applicable rules and regulations for accept only the Card Network type processed.
VISA/MasterCard card types indicated below: VISA Credit Cards VISA Debit Cards (bsignature based) If Merchant has chosen to accept Discover MasterCard Credit MasterCard Debit Cards in the Merchant Application, Merchant must accept Discover Cards at all Merchant establishments, including in payment for purchases of goods and services, for charitable contributions and for Cash Over Transactions (subject to the terms of the Network Rules and other applicable rules and regulationssignature based), when properly presented for payment by a Cardholder. Subject to this section, ▇▇▇▇▇▇▇▇ must create a Transaction Record for each Discover Card Transaction and deliver at least one copy of the Transaction Record to the Cardholder. A Merchant may issue a Cash Over (subject to the terms of the Network Rules) in connection with a Discover Card Transaction. Merchant must deliver a single Authorization request for the aggregate total of the goods/services purchase amount and the Cash Over amount. In addition, the Transaction Record must include both the purchase amount and the Cash Over amount.
Appears in 1 contract
Sources: Sub Merchant Agreement
Limited Acceptance. (a) If appropriately so indicated on the Merchant Applicationbelow, Merchant shall ▇▇▇▇▇▇▇▇ acknowledges and agrees that it wishes to be a limited acceptance Limited Acceptance merchant, which means that ▇▇▇▇▇▇▇▇ has elected to accept only certain Visa and VISA/MasterCard Card card types as indicated on the Merchant Applicationbelow, or via later notification. The Visa or MasterCard credit acceptance option on the Merchant Application refers to Visa credit ▇▇▇▇▇▇▇▇ further acknowledges and business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard credit and signature debit transactions; provided, however, agrees that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Mark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Provider Processor has no obligation other than those expressly provided under the Network Rules Operating Regulations and applicable Law law as they may relate to limited acceptance. Provideracceptance and that Processor’s obligations do not include policing card types at the point-of-point of sale. As a Limited Acceptance Merchant, Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing Limited Acceptance. Merchant will be solely responsible for policing, at the Card Network point of sale, the card type(s) of transactions at the point-of-sale submitted it submits for processing by ProviderProcessor. Should Merchant submit a Transaction transaction for processing for a card type it has indicated it does not wish to accept, Provider Processor may process that Transaction transaction and Merchant will pay the applicable fees, charges, and assessments associated with that Transactiontransaction. For Merchant’s convenience, a general description of VISA/MasterCard card types are:
a. Consumer Credit - a consumer credit card issued by a U.S. Issuer or a commercial credit card issued by a non-U.S. Issuer; this category does not include VISA or MasterCard branded signature -based debit cards.
b. Consumer Debit - a VISA or MasterCard branded signature- based debit card (including certain stored -value and prepaid cards).
c. Commercial - a VISA or MasterCard branded credit card issued by a U.S. Issuer that bears the descriptive term “Business Card”, “Corporate Card”, “Purchasing Card”, “Fleet Card”, or similar descriptive term indicated pursuant to the Operating Regulations. Only if checked below, Merchant wishes to be a Limited Acceptance Merchant, which means that Merchant will comply with any applicable Laws and Network Rules and other applicable rules and regulations for accept only the Card Network type processed.
VISA/MASTERCARD card types indicated below: □ VISA Credit Cards □ VISA Debit Cards (bsignature based) If Merchant has chosen to accept Discover □ MasterCard Credit □ MasterCard Debit Cards in the Merchant Application, Merchant must accept Discover Cards at all Merchant establishments, including in payment for purchases of goods and services, for charitable contributions and for Cash Over Transactions (subject to the terms of the Network Rules and other applicable rules and regulationssignature based), when properly presented for payment by a Cardholder. Subject to this section, ▇▇▇▇▇▇▇▇ must create a Transaction Record for each Discover Card Transaction and deliver at least one copy of the Transaction Record to the Cardholder. A Merchant may issue a Cash Over (subject to the terms of the Network Rules) in connection with a Discover Card Transaction. Merchant must deliver a single Authorization request for the aggregate total of the goods/services purchase amount and the Cash Over amount. In addition, the Transaction Record must include both the purchase amount and the Cash Over amount.
Appears in 1 contract
Limited Acceptance. (a) If appropriately so indicated on the Merchant Applicationbelow, Merchant shall acknowledges and agrees that it wishes to be a limited acceptance merchantLimited Acceptance Merchant, which means that ▇▇▇▇▇▇▇▇ Merchant has elected to accept only certain Visa and VISA/MasterCard Card card types as indicated on the Merchant Applicationbelow, or via later notification. The Visa or MasterCard credit acceptance option on the Merchant Application refers to Visa credit further acknowledges and business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard credit and signature debit transactions; provided, however, agrees that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Mark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Provider Acquirer has no obligation other than those expressly provided under the Network Rules Operating Regulations and applicable Law law as they may relate to limited acceptance. Provideracceptance and that Acquirer’s obligations do not include policing card types at the point-of-point of sale. As a Limited Acceptance Merchant, Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing Limited Acceptance. Merchant will be solely responsible for policing, at the Card Network point of sale, the card type(s) of transactions at the point-of-sale submitted it submits for processing by ProviderAcquirer. Should Merchant submit a Transaction transaction for processing for a card type it has indicated it does not wish to accept, Provider Acquirer may process that Transaction transaction and Merchant will pay the applicable fees, charges, and assessments associated with that Transactiontransaction. For Merchant’s convenience, a general description of VISA/MasterCard card types are:
i. Consumer Credit - a consumer credit card issued by a U.S. Issuer or a commercial credit card issued by a non-U.S. Issuer; this category does not include VISA or MasterCard branded signature-based debit cards.
ii. Consumer Debit - a VISA or MasterCard branded signature- based debit card (including certain stored-value and prepaid cards).
iii. Commercial - a VISA or MasterCard branded credit card issued by a U.S. Issuer that bears the descriptive term “Business Card”, “Corporate Card”, “Purchasing Card”, “Fleet Card”, or similar descriptive term indicated pursuant to the Operating Regulations. Only if checked below, Merchant wishes to be a Limited Acceptance Merchant, which means that Merchant will comply with any applicable Laws and Network Rules and other applicable rules and regulations for accept only the Card Network type processed.
VISA/MASTERCARD card types indicated below: □ VISA Credit Cards □ VISA Debit Cards (bsignature based) If Merchant has chosen to accept Discover □ MasterCard Credit □ MasterCard Debit Cards in the Merchant Application, Merchant must accept Discover Cards at all Merchant establishments, including in payment for purchases of goods and services, for charitable contributions and for Cash Over Transactions (subject to the terms of the Network Rules and other applicable rules and regulationssignature based), when properly presented for payment by a Cardholder. Subject to this section, ▇▇▇▇▇▇▇▇ must create a Transaction Record for each Discover Card Transaction and deliver at least one copy of the Transaction Record to the Cardholder. A Merchant may issue a Cash Over (subject to the terms of the Network Rules) in connection with a Discover Card Transaction. Merchant must deliver a single Authorization request for the aggregate total of the goods/services purchase amount and the Cash Over amount. In addition, the Transaction Record must include both the purchase amount and the Cash Over amount.
Appears in 1 contract
Sources: Sub Merchant Agreement
Limited Acceptance. (a) If appropriately so indicated on the Merchant Applicationbelow, Merchant shall ▇▇▇▇▇▇▇▇ acknowledges and agrees that it wishes to be a limited acceptance merchantLimited Acceptance Merchant, which means that ▇▇▇▇▇▇▇▇ has elected to accept only certain Visa and VISA/MasterCard Card card types as indicated on the Merchant Applicationbelow, or via later notification. The Visa or MasterCard credit acceptance option on the Merchant Application refers to Visa credit ▇▇▇▇▇▇▇▇ further acknowledges and business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard credit and signature debit transactions; provided, however, agrees that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Mark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Provider Acquirer has no obligation other than those expressly provided under the Network Rules Operating Regulations and applicable Law law as they may relate to limited acceptance. Provideracceptance and that Acquirer’s obligations do not include policing card types at the point-of-point of sale. As a Limited Acceptance Merchant, Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing Limited Acceptance. Merchant will be solely responsible for policing, at the Card Network point of sale, the card type(s) of transactions at the point-of-sale submitted it submits for processing by ProviderAcquirer. Should Merchant submit a Transaction transaction for processing for a card type it has indicated it does not wish to accept, Provider Acquirer may process that Transaction transaction and Merchant will pay the applicable fees, charges, and assessments associated with that Transactiontransaction. Merchant will comply with any applicable Laws For Merchant’s convenience, a general description of VISA/MasterCard card types are: ○ Consumer Credit - a consumer credit card issued by a U.S. Issuer or a commercial credit card issued by a non-U.S. Issuer; this category does not include VISA or MasterCard branded signature-based debit cards. ○ Consumer Debit - a VISA or MasterCard branded signature- based debit card (including certain stored-value and Network Rules and other applicable rules and regulations for prepaid cards). ○ Commercial - a VISA or MasterCard branded credit card issued by a U.S. Issuer that bears the Card Network type processed.
(b) If Merchant has chosen to accept Discover Cards in the Merchant Applicationdescriptive term “Business Card”, Merchant must accept Discover Cards at all Merchant establishments“Corporate Card”, including in payment for purchases of goods and services“Purchasing Card”, for charitable contributions and for Cash Over Transactions (subject “Fleet Card”, or similar descriptive term indicated pursuant to the terms of the Network Rules and other applicable rules and regulations), when properly presented for payment by a Cardholder. Subject to this section, ▇▇▇▇▇▇▇▇ must create a Transaction Record for each Discover Card Transaction and deliver at least one copy of the Transaction Record to the Cardholder. A Merchant may issue a Cash Over (subject to the terms of the Network Rules) in connection with a Discover Card Transaction. Merchant must deliver a single Authorization request for the aggregate total of the goods/services purchase amount and the Cash Over amount. In addition, the Transaction Record must include both the purchase amount and the Cash Over amountOperating Regulations.
Appears in 1 contract
Sources: Merchant Services Agreement
Limited Acceptance. (a) If appropriately indicated on the Merchant Application, Merchant shall be a limited acceptance merchant, which means that ▇▇▇▇▇▇▇▇ has elected to accept only certain Visa and MasterCard Card types as indicated on the Merchant Application, or via later notification. The Visa or MasterCard credit acceptance option on the Merchant Application refers to Visa credit and business transactions, and is what MasterCard refers to as “Other Card” transactions. Notwithstanding anything to the contrary in the Merchant Application, Merchant can elect (i) to accept only Visa or MasterCard non-PIN based debit/stored value/electronic benefit transactions (sometimes referred to as “signature debit” transactions, whether or not an actual signature is required), (ii) to accept only Visa or MasterCard Credit transactions, or (iii) to accept all Visa or MasterCard credit and signature debit transactions; provided, however, that a Merchant who accepts any Visa or MasterCard Card types must accept all valid Visa or MasterCard Card types issued by a non-U.S. issuer. Merchant is not required to accept Cards of Card Networks other than Visa or MasterCard in order to accept Visa or MasterCard Cards (except that transactions using Diner’s International Cards which also carry the MasterCard Mark must be accepted if Merchant accepts MasterCard Card transactions of the same type). Provider has no obligation other than those expressly provided under the Network Rules and applicable Law as they may relate to limited acceptance. Provider’s obligations do not include policing card types at the point-of-sale. Merchant will be solely responsible for the implementation of its decision for limited acceptance including but not limited to policing the Card Network type(s) of transactions at the point-of-sale submitted for processing by Provider. Should Merchant submit a Transaction for processing for a card type it has indicated it does not wish to accept, Provider may process that Transaction and Merchant will pay the applicable fees, charges, and assessments associated with that Transaction. Merchant will comply with any applicable Laws and Network Rules and other applicable rules and regulations for the Card Network type processed.
(b) If Merchant has chosen to accept Discover Cards in the Merchant Application, Merchant must accept Discover Cards at all Merchant establishments, including in payment for purchases of goods and services, for charitable contributions and for Cash Over Transactions (subject to the terms of the Network Rules and other applicable rules and regulations), when properly presented for payment by a Cardholder. Subject to this section, ▇▇▇▇▇▇▇▇ must create a Transaction Record for each Discover Card Transaction and deliver at least one copy of the Transaction Record to the Cardholder. A Merchant may issue a Cash Over (subject to the terms of the Network Rules) in connection with a Discover Card Transaction. Merchant must deliver a single Authorization request for the aggregate total of the goods/services purchase amount and the Cash Over amount. In addition, the Transaction Record must include both the purchase amount and the Cash Over amountOveramount.
Appears in 1 contract
Sources: Merchant Agreement