Merchant Initiated Transactions Sample Clauses

Merchant Initiated Transactions. When you contact us to request additional service, we will access your Autocharge record and apply a new charge to your card. You will receive an email or SMS receipt to inform you that this new charge has been applied.

Merchant Initiated Transactions. We may allow you to use the Services to initiate payments on behalf of a consent you have obtained from a customer, but without the customer necessarily being present. We call these “merchant initiated transactions”. You cannot do this without our express permission. If you submit a merchant initiated transaction, you must: ● Get your customer's authorisation, in advance, to obtain the payment. This authorisation must be specific to how the amount will be determined (for example, is it set or variable) and when and how often the payment will be taken (for example, at a regular interval, or on the happening of an event). ● Provide the customer with a copy of terms and conditions for any subscription and obtain the customer’s agreement to them. Those terms and conditions which must include confirmation that the customer agreed to a subscription, the start and end date of the subscription, details of the goods or services, the ongoing transaction amount and billing frequency, whether any of these things will change after a set time or trial period. ● Provide the customer with a warning in advance of, and a transaction receipt after, every time you initiate a merchant initiated transaction. This must state the transaction amount and date, for the initial transaction and for subsequent recurring transactions. You must do this even if no amount is due to be paid (for example, due to a promotion or trial period). ● Provide the customer with a simple mechanism to easily cancel any subsequent transactions online, regardless of how they initially signed up the subscription. You must keep a record of the basis on which you determined any submitted Charge was eligible to be submitted as a merchant initiated transaction and make such records available to us, our regulators and/or our auditors immediately on request. Pay with Revolut Pay with Revolut is one of our specific payment methods. Unlike other payment methods, it is incorporated into these Terms, so by agreeing to these Terms you are agreeing to the Pay With Revolut Payment Terms as well. Whenever you accept a payment using "Pay with Revolut", you will be bound by the Pay with Revolut Payment Payment Terms, including the Buyer Protection Policy. Although you are prohibited from using the "Pay with Revolut" logo where you are not accepting payments using "Pay with Revolut", if you do in contravention of that prohibition you will be bound by the Buyer Protection Policy. If any dispute arises between you and your ...