Common use of Credit Card Fraud Clause in Contracts

Credit Card Fraud. Newegg will bear the risk of credit card fraud occurring in connection with a purchase of a Product through the Website. As used herein, the term "Credit Card Fraud" means the fraudulent purchase of a Product arising from the theft and unauthorized use of a third party's credit card information. However, Newegg will not bear the risk of Credit Card Fraud in connection with Seller's fulfillment of a Product which is not fulfilled strictly in accordance with this Agreement. Seller will be responsible for all other risk of fraud or loss. Seller shall promptly notify Newegg of any Credit Card Fraud of which it becomes aware pertaining to a Customer.

Appears in 5 contracts

Samples: Newegg B2b Marketplace Seller Agreement, Newegg Marketplace Seller Agreement, Newegg B2b Marketplace Seller Agreement

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