Common use of Honoring Cards Clause in Contracts

Honoring Cards. (a) If Merchant elects to accept Card payments, Merchant will accept without discrimination, all valid Cards properly presented by Cardholders for payment for goods or services. With respect to VISA and MasterCard products, Merchant may elect to accept credit cards or debit/prepaid cards or both. Merchant shall so elect on the Merchant Application. Merchant agrees to pay and the Account will be charged pursuant to this Agreement for any additional fees incurred as a result of Merchant’s subsequent acceptance of Card transactions with any VISA or MasterCard product that it has elected not to accept.

Appears in 4 contracts

Samples: Processing Agreement, Processing Agreement, Processing Agreement

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Honoring Cards. (a) If Merchant elects to accept Card payments, Merchant will accept without discrimination, all valid Cards properly presented by Cardholders for payment for goods or services. With respect to VISA and MasterCard Mastercard products, Merchant may elect to accept credit cards or debit/prepaid cards or both. Merchant shall so elect on the Merchant Application. Merchant agrees to pay and the Account will be charged pursuant to this Agreement for any additional fees incurred as a result of Merchant’s subsequent acceptance of Card transactions with any VISA or MasterCard Mastercard product that it has elected not to accept.

Appears in 3 contracts

Samples: Merchant Processing Agreement, Merchant Processing Agreement, Merchant Processing Agreement

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Honoring Cards. (a) If Merchant elects to accept Card payments, Merchant will accept without discrimination, all valid Cards properly presented by Cardholders for payment for goods or services. With respect to VISA and MasterCard Mastercard products, Merchant may elect to accept credit cards or debit/prepaid cards or both. Merchant shall so elect on the Merchant Application. Merchant Xxxxxxxx agrees to pay and the Account will be charged pursuant to this Agreement for any additional fees incurred as a result of MerchantXxxxxxxx’s subsequent acceptance of Card transactions with any VISA or MasterCard Mastercard product that it has elected not to accept.

Appears in 1 contract

Samples: Merchant Processing Agreement

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