Using Your Prepaid Card Clause Samples
The 'Using Your Prepaid Card' clause defines the rules and procedures for how cardholders can access and spend funds loaded onto their prepaid card. It typically outlines where the card can be used, such as at merchants, ATMs, or online, and may specify any restrictions on types of transactions or geographic limitations. This clause ensures that users understand the permitted uses of the card, helping to prevent misuse and clarify the card's functionality for everyday transactions.
Using Your Prepaid Card. A. Provided that there are sufficient funds in your Prepaid Card account to pay for such transaction, you may use your Prepaid Card to:
1) Pay for goods or services or both at merchants who accept Visa Prepaid Cards and/or Interlink cards (“point-of-sale transactions”).
2) Obtain cash from participating financial institutions (“over-the-counter transactions”).
3) Perform transactions at any ATM worldwide bearing the VISA and/or Plus logos and any ATM in the United States bearing the Allpoint logo.
4) Load funds to your Prepaid Card account. Some of these services may not be available at all terminals or with all card types (e.g., personalized Prepaid Card versus non-personalized Prepaid Card).
B. You may use your Prepaid Card only after activation. Using your Prepaid Card and selected Personal Identification Number (“PIN”), you may withdraw cash from ATMs bearing the VISA and/or Plus logos worldwide and at ATMs in the United States bearing the Allpoint logo. You may also use your Prepaid Card to purchase goods and services at Interlink merchants; Interlink merchants are predominantly located in the United States. Some Interlink merchants may allow you to use your Prepaid Card for cash-back on purchases. You may change your PIN, check your balance and transaction activity and initiate other customer service requests by calling Cardholder Services toll-free at the phone number located on the back of your Prepaid Card or by logging on to the website at ▇▇▇.▇▇▇▇▇▇.▇▇▇.▇▇▇.
C. The Prepaid Card and PIN are provided for your use and protection. You agree that you will:
1) not disclose the PIN nor record it on the Prepaid Card or otherwise make it available to anyone else;
2) use the Prepaid Card, the PIN and any terminal as instructed;
3) promptly notify Cardholder Services of any loss or theft of the Prepaid Card or PIN by calling 877-ADP- 4321 (or 877-237-4321);
4) be liable for any transactions made by you or a person you authorize or permit to use your Prepaid Card and/or PIN. If you permit someone else to use your Prepaid Card, you will be deemed to have authorized such use and you will be liable unless you notify Cardholder Services by calling the toll-free phone number located on the back of your Prepaid Card that transfers by that person are no longer authorized.
D. You can get a receipt at the time you make any transfer to or from your Prepaid Card account using an ATM or point-of-sale terminal.
E. If you have arranged to have direct deposits made to you...
Using Your Prepaid Card. 4.1 Detailed instructions on how to use your Prepaid Card are found on the Prepaid Card programme website ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. You will need to follow these instructions when using your Prepaid Card.
4.2 We will deduct the value of your transactions from the balance on your Prepaid Card as soon as they are made. We will also deduct any applicable fees as soon as they become payable by you. For the list of the applicable fees please see Cardholder Fee Table in section 12.5.1 .
4.3 The Prepaid Card belongs to us. We may ask you to stop using your Prepaid Card and return it to us or destroy it any time. We may, at anytime suspend, restrict or cancel your Prepaid Card or refuse to issue or replace a Prepaid Card because:
i. we are concerned about security of your account or Prepaid Cards we have issued to you;
ii. we suspect your account is being used in an unauthorised or fraudulent manner; iii. or we need to do so to comply with the law. If we do this, we will tell you as soon as we can or are permitted to do so after we have taken these steps.
4.4 Like other payment cards, we cannot guarantee that a retailer will accept your Prepaid Card. We may also refuse to pay a transaction:
i. if we are concerned about security of your Prepaid Card or we suspect your Prepaid Card is being used in an unauthorised or fraudulent manner;
ii. If sufficient funds are not loaded on your Prepaid Card at the time of a transaction to cover the amount of the transaction and any applicable fees;
iii. if there is an outstanding Shortfall (defined in section 12 below) on the Prepaid Card;
iv. if we have reasonable grounds to believe that you are acting in breach of this agreement;
v. if we believe that a transaction is potentially suspicious or illegal (for example, if we believe that a transaction is being made fraudulently); or
vi. because of errors, failures (whether mechanical or otherwise) or refusals by merchants, payment processors or payment schemes processing transactions.
4.5 If we refuse to authorise a transaction, we will, if practicable, tell you why immediately unless it would be unlawful for us to do so. You may correct any information we hold and which may have caused us to refuse a transaction by contacting us, using the Website.