Common use of Merchant Return Policy Clause in Contracts

Merchant Return Policy. Merchant may limit returned merchandise or limit price adjustments, to the same extent as for sales not involving a Card, provided Merchant properly discloses its policy to the Cardholder before the sale, the limits are properly disclosed on the Charge Record before the Cardholder signs it, and the purchased goods or services are delivered to the Cardholder at the time the Transaction takes place. Proper disclosure means the words “NO REFUND,” “EXCHANGE ONLY,” or “IN STORE CREDIT ONLY” (or words of substantially similar effect) are printed in large letters near the signature line on all copies of the Charge Record prior to obtaining the Cardholder's signature on the Charge Record. Merchant will submit any changes to its return policy to Provider in writing at least thirty (30) days before the change and will not implement any change to which Provider reasonably objects. Merchant's policies will not override the Operating Rules and will not prevent Chargebacks to Merchant under those rules. Credit Vouchers: Merchant will not make a refund or Adjustment for a Transaction in cash (except when required by law), but will deliver to Provider a Credit Voucher for a refund or Adjustment to the Cardholder Account within three (3) days of the refund or Adjustment and deliver to the Cardholder a copy of the Credit Voucher at the time the refund or Adjustment is made. Card numbers shall be truncated and expiration dates suppressed on copies provided the Cardholder in accordance with Operating Rules and applicable law. Merchant is responsible for ascertaining whether applicable law requires copies retained by Merchant to truncate card numbers and suppress expiration dates, and for complying with all such laws. Merchant will include the refund date and amount and a brief description of the refund or Adjustment on the Credit Voucher in sufficient detail to identify the Card used and original Transaction. The amount of the Credit Voucher must not exceed the amount of the original Transaction except for any amount which Merchant agrees to reimburse the Cardholder for return postage. Merchant may not deliver a Credit Voucher to Provider for any refund or Adjustment of a purchase not originating as a Transaction with the same Cardholder requesting the refund or Adjustment, a Transaction not made with Merchant, or a Transaction not originally processed by Provider. Merchant will not complete a Credit Voucher for a Card issued to it or its Principals or employees except for a valid refund of a Transaction originating with Merchant. Merchant may not receive money from a Cardholder and subsequently deliver to Provider a Credit Voucher to make a deposit to the account of the Cardholder. Provider may delay processing Credit Vouchers on any day to the extent they exceed the total of valid Transactions presented on that day and the balance in the Settlement Account available to cover the Credit Vouchers, until the sum of valid Transactions and the balance in the Settlement Account is sufficient to cover the Credit Vouchers. Credit Vouchers After Agreement Termination: After this Agreement terminates, Provider is not obligated to process any Credit Vouchers that Merchant submits. All Chargebacks related to Credit Voucher disputes will be Merchant's responsibility. If Merchant enters into a new card processing service agreement with a new processor and provides Provider the name and address of Merchant's new processor, Provider will work with the new processor at Merchant's expense to reasonably resolve disputes.

Merchant Return Policy. Merchant may limit returned merchandise or limit price adjustments, to the same extent as for sales not involving a Card, provided Merchant properly discloses its policy to the Cardholder before the sale, the limits are properly disclosed on the Charge Record before the Cardholder signs it, and the purchased goods or services are delivered to the Cardholder at the time the Transaction takes place. Proper disclosure means the words “NO REFUND,” “EXCHANGE ONLY,” or “IN STORE CREDIT ONLY” (or words of substantially similar effect) are printed in large letters near the signature line on all copies of the Charge Record prior to obtaining the Cardholder's signature on the Charge Record. Merchant will submit any changes to its return policy to Provider in writing at least thirty (30) days before the change and will not implement any change to which Provider reasonably objects. MerchantXxxxxxxx's policies will not override the Operating Rules and will not prevent Chargebacks to Merchant under those rules. Credit Vouchers: Merchant will not make a refund or Adjustment for a Transaction in cash (except when required by law), but will deliver to Provider a Credit Voucher for a refund or Adjustment to the Cardholder Account within three (3) days of the refund or Adjustment and deliver to the Cardholder a copy of the Credit Voucher at the time the refund or Adjustment is made. Card numbers shall be truncated and expiration dates suppressed on copies provided the Cardholder in accordance with Operating Rules and applicable law. Merchant Xxxxxxxx is responsible for ascertaining whether applicable law requires copies retained by Merchant to truncate card numbers and suppress expiration dates, and for complying with all such laws. Merchant will include the refund date and amount and a brief description of the refund or Adjustment on the Credit Voucher in sufficient detail to identify the Card used and original Transaction. The amount of the Credit Voucher must not exceed the amount of the original Transaction except for any amount which Merchant Xxxxxxxx agrees to reimburse the Cardholder for return postage. Merchant may not deliver a Credit Voucher to Provider for any refund or Adjustment of a purchase not originating as a Transaction with the same Cardholder requesting the refund or Adjustment, a Transaction not made with Merchant, or a Transaction not originally processed by Provider. Merchant will not complete a Credit Voucher for a Card issued to it or its Principals or employees except for a valid refund of a Transaction originating with Merchant. Merchant may not receive money from a Cardholder and subsequently deliver to Provider a Credit Voucher to make a deposit to the account of the Cardholder. Provider may delay processing Credit Vouchers on any day to the extent they exceed the total of valid Transactions presented on that day and the balance in the Settlement Account available to cover the Credit Vouchers, until the sum of valid Transactions and the balance in the Settlement Account is sufficient to cover the Credit Vouchers. Credit Vouchers After Agreement Termination: After this Agreement terminates, Provider is not obligated to process any Credit Vouchers that Merchant submits. All Chargebacks related to Credit Voucher disputes will be MerchantXxxxxxxx's responsibility. If Merchant enters into a new card processing service agreement with a new processor and provides Provider the name and address of MerchantXxxxxxxx's new processor, Provider will work with the new processor at Merchant's expense to reasonably resolve disputes.

Merchant Return Policy. Merchant may limit returned merchandise or limit price adjustments, to the same extent as for sales not involving a Card, provided Merchant properly discloses its policy to the Cardholder before the sale, the limits are properly disclosed on the Charge Record before the Cardholder signs it, and the purchased goods or services are delivered to the Cardholder at the time the Transaction takes place. Proper disclosure means the words “NO REFUND,” “EXCHANGE ONLY,” or “IN STORE CREDIT ONLY” (or words of substantially similar effect) are printed in large letters near the signature line on all copies of the Charge Record prior to obtaining the Cardholder's signature on the Charge Record. Merchant will submit any changes to its return policy to Provider in writing at least thirty (30) days before the change and will not implement any change to which Provider reasonably objects. Merchant's policies will not override the Operating Rules and will not prevent Chargebacks to Merchant under those rules. Credit Vouchers: Merchant will not make a refund or Adjustment for a Transaction in cash (except when required by law), but will deliver to Provider a Credit Voucher for a refund or Adjustment to the Cardholder Account within three (3) days of the refund or Adjustment and deliver to the Cardholder a copy of the Credit Voucher at the time the refund or Adjustment is made. Card numbers shall be truncated and expiration dates suppressed on copies provided the Cardholder in accordance with Operating Rules and applicable law. Merchant is responsible for ascertaining whether applicable law requires copies retained by Merchant to truncate card numbers and suppress expiration dates, and for complying with all such laws. Merchant will include the refund date and amount and a brief description of the refund or Adjustment on the Credit Voucher in sufficient detail to identify the Card used and original Transaction. The amount of the Credit Voucher must not exceed the amount of the original Transaction except for any amount which Merchant agrees to reimburse the Cardholder for return postage. Merchant may not deliver a Credit Voucher to Provider for any refund or Adjustment of a purchase not originating as a Transaction with the same Cardholder requesting the refund or Adjustment, a Transaction not made with Merchant, or a Transaction not originally processed by Provider. Merchant will not complete a Credit Voucher for a Card issued to it or its Principals or employees except for a valid refund of a Transaction originating with Merchant. Merchant may not receive money from a Cardholder and subsequently deliver to Provider a Credit Voucher to make a deposit to the account of the Cardholder. Provider may delay processing Credit Vouchers on any day to the extent they exceed the total of valid Transactions presented on that day and the balance in the Settlement Account available to cover the Credit Vouchers, until the sum of valid Transactions and the balance in the Settlement Account is sufficient to cover the Credit Vouchers. Credit Vouchers After Agreement Termination: After this Agreement terminates, Provider is not obligated to process any Credit Vouchers that Merchant submits. All Chargebacks related to Credit Voucher disputes will be Merchant's responsibility. If Merchant enters into a new card processing service agreement with a new processor and provides Provider the name and address of Merchant's new processor, Provider will work with the new processor at Merchant's expense to reasonably resolve disputes.

Merchant Return Policy. Merchant may limit returned merchandise or limit price adjustments, to the same extent as for sales not involving a Card, provided Merchant properly discloses its policy to the Cardholder before the sale, the limits are properly disclosed on the Charge Record before the Cardholder signs it, and the purchased goods or services are delivered to the Cardholder at the time the Transaction takes place. Proper disclosure means the words “NO REFUND,” “EXCHANGE ONLY,” or “IN STORE CREDIT ONLY” (or words of substantially similar effect) are ONLY”are printed in large letters near the signature line on all copies of the Charge Record prior to obtaining the Cardholder's signature on the Charge Record. Merchant will submit any changes to its return policy to Provider in writing at least thirty (30) days before the change and will not implement any change to which Provider reasonably objects. MerchantXxxxxxxx's policies will not override notoverride the Operating Rules and will not prevent Chargebacks to Merchant under those rules. Credit Vouchers: Merchant will not make a refund or Adjustment for a Transaction in cash (except when required by law), but will deliver to Provider a Credit Voucher for a refund or Adjustment to the Cardholder Account within three (3) days of the refund or Adjustment and deliver to the Cardholder a copy of the Credit Voucher at the time the refund or Adjustment is made. Card numbers shall be truncated and expiration dates suppressed on copies provided the Cardholder in accordance with Operating Rules and applicable law. Merchant Xxxxxxxx is responsible for ascertaining whether applicable law requires copies retained by Merchant to truncate card numbers and suppress expiration dates, and for complying with all such laws. Merchant will include the refund date and amount and a brief description of the refund or Adjustment on the Credit Voucher in sufficient detail to identify the Card used and original Transaction. The amount of the Credit Voucher must not exceed the amount of the original Transaction except for any amount which Merchant Xxxxxxxx agrees to reimburse the Cardholder for return postage. Merchant may not deliver a Credit Voucher to Provider for any refund or Adjustment of a purchase not originating as a Transaction with the same Cardholder requesting the refund or Adjustment, a Transaction not made with Merchant, or a Transaction not originally processed by Provider. Merchant will not complete a Credit Voucher for a Card issued to it or its Principals or employees except for a valid refund of a Transaction originating with Merchant. Merchant may not receive money from a Cardholder and subsequently deliver to Provider a Credit Voucher to make a deposit to the account of the Cardholder. Provider may delay processing Credit Vouchers on any day to the extent they exceed the total of valid Transactions presented on that day and the balance in the Settlement Account available to cover the Credit Vouchers, until the sum of valid Transactions and the balance in the Settlement Account is sufficient to cover the Credit Vouchers. Credit Vouchers After Agreement Termination: After this Agreement terminates, Provider is not obligated to process any Credit Vouchers that Merchant submits. All Chargebacks related to Credit Voucher disputes will be MerchantXxxxxxxx's responsibility. If Merchant enters into a new card processing service agreement with a new processor and provides Provider the name and address of MerchantXxxxxxxx's new processor, Provider will work with the new processor at Merchant's expense to reasonably resolve disputes.

Merchant Return Policy. Merchant may limit returned merchandise or limit price adjustments, to the same extent as for sales not involving a Card, provided Merchant properly discloses its policy to the Cardholder before the sale, the limits are properly disclosed on the Charge Record before the Cardholder signs it, and the purchased goods or services are delivered to the Cardholder at the time the Transaction takes place. Proper disclosure means the words “NO REFUND,” “EXCHANGE ONLY,” or “IN STORE CREDIT ONLY” (or words of substantially similar effect) are printed in large letters near the signature line on all copies of the Charge Record prior to obtaining the Cardholder's signature on the Charge Record. Merchant will submit any changes to its return policy to Provider in writing at least thirty (30) days before the change and will not implement any change to which Provider reasonably objects. MerchantXxxxxxxx's policies will not override the Operating Rules and will not prevent Chargebacks to Merchant under those rules. Credit Vouchers: Merchant will not make a refund or Adjustment for a Transaction in cash (except when required by law), but will deliver to Provider a Credit Voucher for a refund or Adjustment to the Cardholder Account within three (3) days of the refund or Adjustment and deliver to the Cardholder a copy of the Credit Voucher at the time the refund or Adjustment is made. Card numbers shall be truncated and expiration dates suppressed on copies provided the Cardholder in accordance with Operating Rules and applicable law. Merchant Xxxxxxxx is responsible for ascertaining whether applicable law requires copies retained by Merchant to truncate card numbers and suppress expiration dates, and for complying with all such laws. Merchant will include the refund date and amount and a brief description of the refund or Adjustment on the Credit Voucher in sufficient detail to identify the Card used and original Transaction. The amount of the Credit Voucher must not exceed the amount of the original Transaction except for any amount which Merchant Xxxxxxxx agrees to reimburse the Cardholder for return postage. Merchant may not deliver a Credit Voucher to Provider for any refund or Adjustment of a purchase not originating as a Transaction with the same Cardholder requesting the refund or Adjustment, a Transaction not made with Merchant, or a Transaction not originally processed by Provider. Merchant will not complete a Credit Voucher for a Card issued to it or its Principals or employees except for a valid refund of a Transaction originating with Merchant. Merchant may not receive money from a Cardholder and subsequently deliver to Provider a Credit Voucher to make a deposit to the account of the Cardholder. Provider may delay processing Credit Vouchers on any day to the extent they exceed the total of valid Transactions presented on that day and the balance in the Settlement Account available to cover the Credit Vouchers, until the sum of valid Transactions and the balance in the Settlement Account is sufficient to cover the Credit Vouchers. Credit Vouchers After Agreement Termination: After this Agreement terminates, Provider is not obligated to process any Credit Vouchers that Merchant submits. All Chargebacks related to Credit Voucher disputes will be MerchantXxxxxxxx's responsibility. If Merchant enters into a new card processing service agreement with a new processor and provides Provider the name and address of MerchantXxxxxxxx's new processor, Provider will work with the new processor at Merchant's expense to reasonably resolve disputes.

Merchant Return Policy. Merchant may limit returned merchandise or limit price adjustments, to the same extent as for sales not involving a Card, provided Merchant properly discloses its policy to the Cardholder before the sale, the limits are properly disclosed on the Charge Record before the Cardholder signs it, and the purchased goods or services are delivered to the Cardholder at the time the Transaction takes place. Proper disclosure means the words “NO REFUND,” “EXCHANGE ONLY,” or “IN STORE CREDIT ONLY” (or words of substantially similar effect) are ONLY”are printed in large letters near the signature line on all copies of the Charge Record prior to obtaining the Cardholder's signature on the Charge Record. Merchant will submit any changes to its return policy to Provider in writing at least thirty (30) days before the change and will not implement any change to which Provider reasonably objects. Merchant's policies will not override notoverride the Operating Rules and will not prevent Chargebacks to Merchant under those rules. Credit Vouchers: Merchant will not make a refund or Adjustment for a Transaction in cash (except when required by law), but will deliver to Provider a Credit Voucher for a refund or Adjustment to the Cardholder Account within three (3) days of the refund or Adjustment and deliver to the Cardholder a copy of the Credit Voucher at the time the refund or Adjustment is made. Card numbers shall be truncated and expiration dates suppressed on copies provided the Cardholder in accordance with Operating Rules and applicable law. Merchant is responsible for ascertaining whether applicable law requires copies retained by Merchant to truncate card numbers and suppress expiration dates, and for complying with all such laws. Merchant will include the refund date and amount and a brief description of the refund or Adjustment on the Credit Voucher in sufficient detail to identify the Card used and original Transaction. The amount of the Credit Voucher must not exceed the amount of the original Transaction except for any amount which Merchant agrees to reimburse the Cardholder for return postage. Merchant may not deliver a Credit Voucher to Provider for any refund or Adjustment of a purchase not originating as a Transaction with the same Cardholder requesting the refund or Adjustment, a Transaction not made with Merchant, or a Transaction not originally processed by Provider. Merchant will not complete a Credit Voucher for a Card issued to it or its Principals or employees except for a valid refund of a Transaction originating with Merchant. Merchant may not receive money from a Cardholder and subsequently deliver to Provider a Credit Voucher to make a deposit to the account of the Cardholder. Provider may delay processing Credit Vouchers on any day to the extent they exceed the total of valid Transactions presented on that day and the balance in the Settlement Account available to cover the Credit Vouchers, until the sum of valid Transactions and the balance in the Settlement Account is sufficient to cover the Credit Vouchers. Credit Vouchers After Agreement Termination: After this Agreement terminates, Provider is not obligated to process any Credit Vouchers that Merchant submits. All Chargebacks related to Credit Voucher disputes will be Merchant's responsibility. If Merchant enters into a new card processing service agreement with a new processor and provides Provider the name and address of Merchant's new processor, Provider will work with the new processor at Merchant's expense to reasonably resolve disputes.