Common use of Obligations of the Merchant Clause in Contracts

Obligations of the Merchant. 4.1 General obligations of the merchant The merchant: - Shall comply with (i) these Terms and Conditions, (ii) the instructions and procedures present in these Terms and Conditions as communicated by Paynovate from time to time (including any operational rules or manuals), (iii) the PSD Regulations, Data Protection Laws, Anti-Money Laundering Laws or any other applicable, (iv) the Payment Service Provider Rules, including in particular the rules for the purposes of Authorization and Authentication as defined in the in the PSD Regulation, and - Shall comply with the Rules of the relevant Payment Service Provider, as amended from time to time. In the event of any inconsistency between any provision of these and the Payment Service Provider Rules, the Payment Service Provider Rules shall prevail. Payment Service Providers have the right to enforce any provision of the Payment Service Provider Rules and prohibit the Merchant from engaging in any conduct that the Payment Service Providers deems harmful or deemed by the Payment Service Providers to be detrimental or likely to create a risk of harm to the Payment Service Providers, including reputational damage, or which could adversely affect the integrity of the interchange system, Payment Service Providers' Confidential Information as defined in the Payment Service Provider Rules, or both. The Merchant shall not take any action that would interfere with the exercise of this right by Payment Service Providers or prevent the exercise of this right; and - Shall submit Payment Transactions only in respect of goods and/or services sold or provided by the Merchant; and - Shall not submit a Payment Transaction that it knows or ought to know is unlawful; and - Will not submit for processing Payment Transactions on behalf of third parties other than those agreed upon between Paynovate and the Merchant; and - Will not pursue any illegal activity; and - Will only enter into transactions in good faith that result in a Payment Transaction and the Merchant is not aware of any dispute regarding the validity of the Payment Transaction or any matter that may affect the validity of the Payment Transaction; and - Shall only submit a Payment Transaction for goods and/or services that is within the scope of the Merchant's business as identified by Paynovate and in accordance with the Merchant Category Code (categorization of Commercial Payment Service Provider Rules); and - Will only submit Payment Transactions for which all statements contained in the Payment Transaction data are true, accurate and complete; and - Will not impose minimum or maximum values for Payment Transactions; and - Will not split a Payment Transaction into multiple Payment Transactions; and - Will not submit or withdraw a Payment Transaction that has been subject to a Chargeback unless authorized under the Rules of the relevant Payment Service Provider.

Obligations of the Merchant. 4.1 General obligations of the merchant The merchant: - Shall comply with (i) these Terms and Conditions, (ii) the instructions and procedures present in these Terms and Conditions as communicated by Paynovate from time to time (including any operational rules or manuals), (iii) the PSD Regulations, Data Protection Laws, Anti-Money Laundering Laws or any other applicable, (iv) the Payment Service Provider Rules, including in particular the rules for the purposes of Authorization and Authentication as defined in the in the PSD Regulation, and - Shall comply with the Rules of the relevant Payment Service Provider, as amended from time to time. In the event of any inconsistency between any provision of these and the Payment Service Provider Rules, the Payment Service Provider Rules shall prevail. Payment Service Providers have the right to enforce any provision of the Payment Service Provider Rules and prohibit the Merchant from engaging in any conduct that the Payment Service Providers deems harmful or deemed by the Payment Service Providers to be detrimental or likely to create a risk of harm to the Payment Service Providers, including reputational damage, or which could adversely affect the integrity of the interchange system, Payment Service Providers' Confidential Information as defined in the Payment Service Provider Rules, or both. The Merchant shall not take any action that would interfere with the exercise of this right by Payment Service Providers or prevent the exercise of this right; and - Shall submit Payment Transactions only in respect of goods and/or services sold or provided by the Merchant; and - Shall not submit a Payment Transaction that it knows or ought to know is unlawful; and - Will not submit for processing Payment Transactions on behalf of third parties other than those agreed upon between Paynovate and the Merchant; and - Will not pursue any illegal activity; and - Will only enter into transactions in good faith that result in a Payment Transaction and the Merchant Xxxxxxxx is not aware of any dispute regarding the validity of the Payment Transaction or any matter that may affect the validity of the Payment Transaction; and - Shall only submit a Payment Transaction for goods and/or services that is within the scope of the Merchant's business as identified by Paynovate and in accordance with the Merchant Category Code (categorization of Commercial Payment Service Provider Rules); and - Will only submit Payment Transactions for which all statements contained in the Payment Transaction data are true, accurate and complete; and - Will not impose minimum or maximum values for Payment Transactions; and - Will not split a Payment Transaction into multiple Payment Transactions; and - Will not submit or withdraw a Payment Transaction that has been subject to a Chargeback unless authorized under the Rules of the relevant Payment Service Provider.