Common use of Transaction Related Clause in Contracts

Transaction Related. The Merchant shall promptly honor, without discrimination, all valid consumer card-based payment instruments of all and any Organization where the card-based instrument is categorized as prepaid card, debit card or credit card subject to regula- tions under the Regulation (EU) 2015/751. In case where the Merchant decides to refuse particular categories/brands of payment instruments, linked to a payment card, issued within the framework of a payment card scheme which do not fall into the category described above, the Merchant shall inform cardholders of this, in a clear and unequivocal manner, at the same time as they inform cardholders of the acceptance of other cards and payment instruments of the payment card scheme. Such information shall be displayed prominently in the Merchant store.

Transaction Related. The Merchant shall promptly honor, without discrimination, all valid consumer card-based payment instruments of all and any Organization where the card-based instrument is categorized as prepaid card, debit card or credit card subject to regula- tions regulations under the Regulation (EU) 2015/751. In case where the Merchant decides to refuse particular categories/brands of payment instruments, linked to a payment card, issued within the framework of a payment card scheme which do not fall into the category described above, the Merchant shall inform cardholders of this, in a clear and unequivocal manner, at the same time as they inform cardholders of the acceptance of other cards and payment instruments of the payment card scheme. Such information shall be displayed prominently in the Merchant store.