Common use of Reversed or Chargeback Transactions Clause in Contracts

Reversed or Chargeback Transactions. With respect to all Reversed or Chargeback Transactions, the Client agrees to refund First Billing and First Billing Authorized Processor (and/or the respective card organization) for the Payment Amount and the Chargeback/reversal fee. First Billing shall credit back to the User the corresponding Payment Amount. The fees are outlined in Schedule A. Client and First Billing agree to reasonably cooperate with each other if First Billing desires to change its settlement and invoicing processes for such transactions.