Common use of Obtaining Authorization Clause in Contracts

Obtaining Authorization. You must obtain an Authorization Approval Code from Payment World (or as provided in Section 6.7.) for all transactions. A positive authorization response for MasterCard remains valid for seven (7) days for electronic processed transactions. For true paper merchants for MasterCard and Visa transactions theAuthorization remains valid for thirty (30) days. A positive authorization response for Discover Network transactions remains valid for ninety (90) days. Failure to settle within these timeframes, may result in a late presentment Chargeback.

Obtaining Authorization. You must obtain an Authorization Approval Code from Payment World PaymentWorld (or as provided in Section 6.7.) for all transactions. A positive authorization response for MasterCard remains valid for seven (7) days for electronic processed transactions. For true paper merchants for MasterCard and Visa transactions theAuthorization the Authorization remains valid for thirty (30) days. A positive authorization response for Discover Network transactions remains valid for ninety (90) days. Failure to settle within these timeframes, may result in a late presentment Chargeback.