Common use of Transaction Acceptance Clause in Contracts

Transaction Acceptance. The Company will only accept and submit transactions where: (a) the transaction represents a genuine sale of the Company’s goods or services to the Cardholder; (b) the transaction is not materially different than the transactions the Company has described to First Data with regard to the products or services sold, the procedures for payments acceptance, or the fulfilment of obligations to the Cardholder; (c) the transaction complies with all requirements of the applicable Network Rules and Industry Regulations, the laws of all relevant jurisdictions, and all other requirements of this Agreement; (d) the transaction is not a duplicate of any other transaction; (e) the transaction is authorised by the rightful Cardholder for the amount of the transaction in satisfaction of the Cardholder’s obligation to the Company; (f) the transaction is in payment of goods or services provided simultaneously with the payment transaction (except for delayed delivery, advance deposit, or other partial transactions specifically allowed under the Network Rules and Industry Regulations and explicitly authorised by First Data in writing); (g) the transaction is not a refinancing of an existing obligation; (h) the transaction is valid, collectible, and is not subject to any dispute, setoff, or counterclaim; and (i) in the case of a refund, the transaction is submitted to reimburse the Cardholder for a sale transaction that was previously submitted.

Transaction Acceptance. The Company will only accept and submit transactions where: (a) the transaction represents a genuine sale of the Company’s goods or services to the Cardholder; (b) the transaction is not materially different than the transactions the Company has described to First Data PSP with regard to the products or services sold, the procedures for payments acceptance, or the fulfilment of obligations to the Cardholder; (c) the transaction complies with all requirements of the applicable Network Rules and Industry Regulations, the laws of all relevant jurisdictions, and all other requirements of this Agreement; (d) the transaction is not a duplicate of any other transaction; (e) the transaction is authorised by the rightful Cardholder for the amount of the transaction in satisfaction of the Cardholder’s obligation to the Company; (f) the transaction is in payment of goods or services provided simultaneously with the payment transaction (except for delayed delivery, advance deposit, or other partial transactions specifically allowed under the Network Rules and Industry Regulations and explicitly authorised by First Data PSP in writing); (g) the transaction is not a refinancing of an existing obligation; (h) the transaction is valid, collectible, and is not subject to any dispute, setoff, or counterclaim; and (i) in the case of a refund, the transaction is submitted to reimburse the Cardholder for a sale transaction that was previously submitted.