Common use of Merchant will Clause in Contracts

Merchant will. obtain an Authorization for all Card sales. If Merchant cannot, for any reason, obtain an electronic Authorization through the use of a terminal, Merchant will request a Voice Authorization from MAS’s designated authorization center, which shall authorize or decline the Transaction. ▇▇▇▇▇▇▇▇ agrees it shall be subject to an additional voice or audio response unit fee for this type of Authorization procedure. If the Transaction is authorized, ▇▇▇▇▇▇▇▇ will legibly obtain an imprint of the card, signature of the Cardholder and print the authorization number on the Sales Draft. ▇▇▇▇▇▇▇▇ will not obtain or attempt to obtain authorization from MAS’s authorization center unless Merchant intends to submit to MAS a Transaction for the authorized amount if Authorization for the Transaction is given. Merchant may not divide a single Transaction between two or more Sales Drafts on a single Card to avoid Authorization limits that may be set by the Card Issuer. Merchant acknowledges that an Authorization provides only that the Cardholder account has sufficient credit available to cover the amount of the current sale and that an Authorization is not a guarantee that the Transaction will not be subject to dispute or Chargeback and does not warranty the Cardholder’s identity. Merchant acknowledges that if the card is an EMV/Chip card and the card was not processed reading the Chip there is not a guarantee that the Transaction will not be subject to dispute or Chargeback. ▇▇▇▇▇▇▇▇ may not attempt to obtain an authorization by successively decreasing the sale amount. MAS may refuse to purchase or process any Sales Draft presented by ▇▇▇▇▇▇▇▇: (a) unless a proper authorization or approval code has been recorded on the Sales Draft;

Appears in 2 contracts

Sources: Merchant Agreement, Merchant Agreement

Merchant will. obtain an Authorization for all Card sales. If Merchant cannot, for any reason, obtain an electronic Authorization through the use of a terminal, Merchant will request a Voice Authorization from MAS’s designated authorization center, which shall authorize or decline the Transaction. ▇▇▇▇▇▇▇▇ agrees it shall be subject to an additional voice or audio response unit fee for this type of Authorization procedure. If the Transaction is authorized, ▇▇▇▇▇▇▇▇ will legibly obtain an imprint of the cardCard, signature of the Cardholder and print the authorization number on the Sales Draft. ▇▇▇▇▇▇▇▇ Merchant will not obtain or attempt to obtain authorization from MAS’s authorization center unless Merchant intends to submit to MAS a Transaction for the authorized amount if Authorization for the Transaction is given. Merchant may not divide a single Transaction between two or more Sales Drafts on a single Card to avoid Authorization limits that may be set by the Card Issuer. Merchant acknowledges that an Authorization provides only that the Cardholder account has sufficient credit available to cover the amount of the current sale and that an Authorization is not a guarantee that the Transaction will not be subject to dispute or Chargeback and does not warranty the Cardholder’s identity. Merchant acknowledges that if the card Card is an EMV/Chip card Card and the card Card was not processed reading the Chip there is not a guarantee that the Transaction will not be subject to dispute or Chargeback. ▇▇▇▇▇▇▇▇ may not attempt to obtain an authorization by successively decreasing the sale amount. MAS may refuse to purchase or process any Sales Draft presented by ▇▇▇▇▇▇▇▇: (a) unless a proper authorization or approval code has been recorded on the Sales Draft;; (b) if MAS determines that the Sales Draft is or is likely to become uncollectible from the Cardholder to which the transaction would otherwise be charged; or (c) if MAS has reason to believe that the Sales Draft was prepared in violation of any provision of this Agreement. Merchant will use, and may not circumvent, fraud identification tools requested by MAS, including Address Verification System processing and CVV2 processing, and acknowledges that the use of these tools may prevent Merchant from accepting certain Cards as payment. Merchant acknowledges that its use of fraud identification tools may not prevent fraudulent Card usage and agrees that any fraudulent Transaction may ultimately result in a Chargeback, for which Merchant retains full liability under this Agreement. The Transactions under these circumstances must be completed within 30 days.

Appears in 1 contract

Sources: Merchant Agreement