Common use of Limited Acceptance Clause in Contracts

Limited Acceptance. If appropriately indicated by you in the Merchant Application, you may be a limited- acceptance Merchant, which means that you have elected to accept only certain Visa and MasterCard card types (i.e., consumer credit, consumer debit, and commercial cards) and must display appropriate signage to indicate the same. You are solely responsible for the implementation of your decision for limited acceptance, including but not limited to policing the card type(s) accepted at the point of interaction (“POI”).