Common use of Mail Order Clause in Contracts

Mail Order. You may not solicit or accept Card Not Present transactions, including email, internet, or telephone orders (also known as “MOTO”) without prior written consent from Processor. Card Not Present and MOTO orders completed without prior written consent of Processor constitute a breach of this Agreement and may result, in the sole discretion of Processor and/or Bank, in the immediate termination for cause of this Agreement, in addition to any other remedies available under the Operating Regulations, Laws and Rules. You may be required to use an address verification service (“AVS”) on Card Not Present and MOTO transactions. AVS is not a guarantee of payment and the use of AVS will not waive any provision of this Agreement, validate a fraudulent transaction, or otherwise relieve You in any way from any claim, cause of action or injury arising out of or relating to a Card Not Present or MOTO transaction. You will obtain the expiration date and CVV2 number of the Card for a Card Not Present or MOTO transaction and submit the expiration date when obtaining authorization of the Card transaction. No Sales Draft shall be submitted for processing prior to the shipping of the product or the provision of the services purchased by the Cardholder without prior approval. You acknowledge and agree that MOTO and other Card Not Present transactions have a substantially higher risk of Chargeback. You agree to be solely responsible for any claims, causes of action, liabilities or damages arising out of

Appears in 2 contracts

Sources: Merchant Processing Agreement, Merchant Processing Agreement

Mail Order. You may not solicit or accept Card Not Present transactions, including email, internet, or telephone orders (also known as “MOTO”) without prior written consent from Processor. Card Not Present and MOTO orders completed without prior written consent of Processor constitute a breach of this Agreement and may result, in the sole discretion of Processor and/or Bank, in the immediate termination for cause of this Agreement, in addition to any other remedies available under the Operating Regulations, Laws and Rules. You may be required to use an address verification service (“AVS”) on Card Not Present and MOTO transactions. AVS is not a guarantee of payment and the use of AVS will not waive any provision of this Agreement, validate a fraudulent transaction, or otherwise relieve You in any way from any claim, cause of action or injury arising out of or relating to a Card Not Present or MOTO transaction. You will obtain the expiration date and CVV2 number of the Card for a Card Not Present or MOTO transaction and submit the expiration date when obtaining authorization of the Card transaction. No Sales Draft shall be submitted for processing prior to the shipping of the product or the provision of the services purchased by the Cardholder without prior approval. You acknowledge and agree that MOTO and other Card Not Present transactions have a substantially higher risk of Chargeback. You agree to be solely responsible for any claims, causes of action, liabilities or damages arising out of

Appears in 1 contract

Sources: Merchant Processing Agreement