Common use of Chargeback Processing Clause in Contracts

Chargeback Processing. ▇▇▇▇▇ Fargo Bank shall ensure that all details from chargebacks received via VisaNet or MasterCom shall be made available for viewing by PayPal within [*] of receipt. ▇▇▇▇▇ Fargo Bank shall process debits of chargebacks when received from Visa or MasterCard. ▇▇▇▇▇ Fargo Bank shall process credits for reversals within [*] days of receipt of such dispute. ▇▇▇▇▇ Fargo Bank shall make available to PayPal the following services: • All chargeback representments submitted to ▇▇▇▇▇ Fargo Bank will be processed without challenges provided that PayPal complies with Association rules, submits appropriate documentation, and submits within the agreed-up timeframes. • ▇▇▇▇▇ Fargo Bank will provide full-time chargeback coverage from 08:00 a.m. to 5:00 p.m. Eastern. • PayPal will be provided up to [*] calendar days to respond to a chargeback notice. The [*] day timeframe starts from the date PayPal is notified by ▇▇▇▇▇ Fargo Bank that a chargeback has been received. • All cardholder documentation sent by ▇▇▇▇▇ Fargo Bank to PayPal will be sent via certified mail. • ▇▇▇▇▇ Fargo Bank will automatically return to the issuing bank any chargebacks received for any of the following reasons: (a) Submitted beyond timeframe as mandated by the associations' rules and regulations except for foreign credit. (b) PayPal has already issued a credit to customer. Note: credits must exactly match the original sales amount. • To the extent permitted by the applicable credit card associations, ▇▇▇▇▇ Fargo Bank will provide to PayPal Visa and MasterCard existing compliance information relating to procedures, rules, and regulations.