Common use of ACH Chargebacks Clause in Contracts

ACH Chargebacks. 5.1 Merchant will be charged a chargeback fee as specified on the MSA, on a per occurrence basis, for every ACH Chargeback posted to Merchant’s account. 5.2 Using limits established by NACHA as a standard for review, FORTE reserves the right to suspend and/or terminate Merchant’s access to the Services should Merchant’s chargeback ratio exceed allowable limits during the span of forty-two (42) consecutive Business Banking Days. 5.3 FORTE will make reasonable efforts to provide Merchant with notice and a time to cure its excessive chargebacks prior to suspending or terminating Merchant’s access to the Services. 5.4 In compliance with the Rules, Merchant authorizes FORTE to provide to ODFI and NACHA Merchant’s company and contact information as well as transaction details should Merchant’s ACH chargeback ratio exceed the allowable limits. 5.5 Merchant acknowledges FORTE’s right to reimbursement of any chargebacks or returns that post to Merchant’s account that FORTE is unable, for any reason, to debit from Merchant’s bank account.

ACH Chargebacks. 5.1 6.5.1 Merchant will be charged a chargeback fee as specified on the MSA, on a per occurrence basis, for every ACH Chargeback posted to Merchant’s account. 5.2 6.5.2 Using limits established by NACHA ▇▇▇▇▇ as a standard for review, FORTE Forte reserves the right to suspend and/or terminate Merchant’s access to the Services should Merchant▇▇▇▇▇▇▇▇’s chargeback ratio exceed allowable limits during the span of forty-two (42) consecutive Business Banking Days. 5.3 FORTE 6.5.3 Forte will make reasonable efforts to provide Merchant with notice and a time to cure its excessive chargebacks prior to suspending or terminating Merchant’s access to the Services. 5.4 6.5.4 In compliance with the Rules, Merchant authorizes FORTE ▇▇▇▇▇ to provide to ODFI and NACHA Merchant’s ▇▇▇▇▇ ▇▇▇▇▇▇▇▇’▇ company and contact information as well as transaction details should Merchant▇▇▇▇▇▇▇▇’s ACH chargeback ratio exceed the allowable limits. 5.5 6.5.5 Merchant acknowledges FORTE’s ▇▇▇▇▇'▇ right to reimbursement of any chargebacks or returns that post to Merchant▇▇▇▇▇▇▇▇’s account that FORTE ▇▇▇▇▇ is unable, for any reason, to debit from Merchant’s bank account.

ACH Chargebacks. 5.1 Merchant will be charged a chargeback fee as specified on the MSA, on a per occurrence basis, for every ACH Chargeback posted to Merchant▇▇▇▇▇▇▇▇’s account. 5.2 Using limits established by NACHA ▇▇▇▇▇ as a standard for review, FORTE reserves the right to suspend and/or terminate Merchant’s access to the Services should Merchant▇▇▇▇▇▇▇▇’s chargeback ratio exceed allowable limits during the span of forty-two (42) consecutive Business Banking Days. 5.3 FORTE will make reasonable efforts to provide Merchant with notice and a time to cure its excessive chargebacks prior to suspending or terminating Merchant’s access to the Services. 5.4 In compliance with the Rules, Merchant authorizes FORTE to provide to ODFI and NACHA Merchant’s ▇▇▇▇▇ ▇▇▇▇▇▇▇▇’▇ company and contact information as well as transaction details should Merchant▇▇▇▇▇▇▇▇’s ACH chargeback ratio exceed the allowable limits. 5.5 Merchant acknowledges FORTE’s ▇▇▇▇▇’▇ right to reimbursement of any chargebacks or returns that post to Merchant▇▇▇▇▇▇▇▇’s account that FORTE ▇▇▇▇▇ is unable, for any reason, to debit from Merchant▇▇▇▇▇▇▇▇’s bank account.