Common use of Installment Billing Transactions Clause in Contracts

Installment Billing Transactions. A. If Merchant is so permitted by Bank, Merchant may offer Cardholders involved in Electronic Commerce Transactions or mail order/telephone order transactions an Installment Billing Transaction option. If Merchant offers an Installment Billing Option, Merchant must: (1) disclose in writing the terms, including but not limited to, whether the installment terms are limited to certain goods that a Cardholder may purchase; (2) disclose in writing any shipping and handling charges and any applicable tax; (3) inform a Cardholder not billed in the transaction currency of the Merchant that each Installment Billing Transaction amount may vary due to currency conversion rate fluctuations; (4) ensure that the sum of the Installment Billing Transactions does not include any finance charge or exceed the total price for the goods; and (5) Authorize all Card Transactions (zero floor limit).

Installment Billing Transactions. A. If Merchant is so permitted by Bank, Merchant may offer Cardholders involved in Electronic Commerce Transactions or mail order/telephone order transactions an Installment Billing Transaction option. If Merchant offers an Installment Billing Option, Merchant must: (1) disclose in writing the terms, including but not limited to, whether the installment terms are limited to certain goods that a Cardholder may purchase; , (2) disclose in writing any shipping and handling charges and any applicable tax; , (3) inform a Cardholder not billed in the transaction currency of the Merchant that each Installment Billing Transaction amount may vary due to currency conversion rate fluctuations; , (4) ensure that the sum of the Installment Billing Transactions does not include any finance charge or exceed the total price for the goods; , and (5) Authorize all Card Transactions (zero floor limit).