Common use of POS Transaction Clause in Contracts

POS Transaction. a transaction where you access any Funds Available to purchase goods and services wherever the Card is accepted by a merchant or business. Privacy Code: the DCBank privacy code, which may be updated from time to time. Third Party Services: certain services (which may include credit or other lending services and loyalty programs) which may be offered by a third party other than DCBank, pursuant to your agreement(s) with any such third party, and which the third party may associate with the Card or to which the third party may provide access through the Card. transaction: any transaction that is associated with a Wallet or Card including, but not limited to, any POS Transaction, as well as obtaining cash at any applicable ATM. Wallet: the virtual wallet which is associated with Cards issued under this Agreement and includes the record of debits and credits with respect to transactions originated by a Cardholder and any other transactions. We, us, our, and DCBank: DCBank or its agents. Website: the Website which is listed on the first page of this Agreement, which you may access for details on the transactions you made on your Card or to obtain a copy of the Agreement. You, your, yours, and Cardholder: the Cardholder and any other person who uses the Card. CARD FEES INFORMATION BOX Type of Fee Transaction Fee Amount Details of Fee Charged ATM Withdrawal Fee Free For ATM transactions in Canada, U.S., and International. Domestic (POS / Online) Transaction Fee Free In Canada (per transaction). Physical Replacement Card Cost (OPTIONAL SERVICE) $70.00 This cost will be charged each time you request a replacement card. However, the cost will be waived if the Card has a defect that impacts transaction processing of the Card and you are not responsible for such defect. LIMITS TABLE Wallet Load Limits (Daily, Monthly) Up to a maximum amount of $15,000.00 may be loaded on the Wallet per day, up to a maximum of $35,000.00 per calendar month. POS Transaction Limits (Daily, Monthly) Subject to the Maximum Daily Transaction Limit, up to a maximum of $35,000.00 is allowed for purchases of goods and services per day, up to a maximum of $35,000.00 per calendar month. ATM Transaction Limits (Daily, Monthly) Subject to the Maximum Daily Transaction Limit, up to a maximum of $2,500.00 is allowed for cash withdrawals from ATMs per day, up to a maximum of $15,000.00 per calendar month. Maximum Daily Transaction Limit (POS & ATM) Notwithstanding the stated POS Transactions Limits and ATM Transaction Limits, the maximum daily limit for all transactions is $35,000.00 per day. Card to Card Transfer Limit Up to a maximum of $500.00 per day may be transferred between Cards, up to a maximum of $7,000.00 per calendar month. Funds Available Limit The maximum amount of Funds Available on the Wallet at any time is $35,000.00.

POS Transaction. a transaction where you access any Funds Available to purchase goods and services wherever the Card is accepted by a merchant or business. Privacy Code: the DCBank privacy code, which may be updated from time to time. Third Party Services: certain services (which may include credit or other lending services and loyalty programs) which may be offered by a third party other than DCBank, pursuant to your agreement(s) with any such third party, and which the third party may associate with the Card or to which the third party may provide access through the Card. transaction: any transaction that is associated with a Wallet or Card including, but not limited to, any POS Transaction, as well as obtaining cash at any applicable ATM. Wallet: the virtual wallet which is associated with Cards issued under this Agreement and includes the record of debits and credits with respect to transactions originated by a Cardholder and any other transactions. We, us, our, and DCBank: DCBank or its agents. Website: the Website which is listed on the first page of this Agreement, which you may access for details on the transactions you made on your Card or to obtain a copy of the Agreement. You, your, yours, and Cardholder: the Cardholder and any other person who uses the Card. CARD FEES INFORMATION BOX Type of Fee Transaction Fee Amount Details of Fee Charged ATM Withdrawal Fee Free For ATM transactions in Canada, U.S., and International. Domestic (POS / Online) Transaction Fee Free In Canada (per transaction). Physical Replacement Card Cost (OPTIONAL SERVICE) $70.00 10.00 This cost will be charged each time you request a replacement card. However, the cost will be waived if the Card has a defect that impacts transaction processing of the Card and you are not responsible for such defect. LIMITS TABLE Wallet Load Limits (Daily, Monthly) Up to a maximum amount of $15,000.00 may be loaded on the Wallet per day, up to a maximum of $35,000.00 per calendar month. POS Transaction Limits (Daily, Monthly) Subject to the Maximum Daily Transaction Limit, up to a maximum of $35,000.00 15,000.00 is allowed for purchases of goods and services per day, up to a maximum of $35,000.00 20,000.00 per calendar month. ATM Transaction Limits (Daily, Monthly) Subject to the Maximum Daily Transaction Limit, up to a maximum of $2,500.00 700.00 is allowed for cash withdrawals from ATMs per day, up to a maximum of $15,000.00 7,000.00 per calendar month. Maximum Daily Transaction Limit (POS & ATM) Notwithstanding the stated POS Transactions Limits and ATM Transaction Limits, the maximum daily limit for all transactions is $35,000.00 15,000.00 per day. Card to Card Transfer Limit Up to a maximum of $500.00 100.00 per day may be transferred between Cards, up to a maximum of $7,000.00 3,000.00 per calendar month. Funds Available Limit The maximum amount of Funds Available on the Wallet at any time is $35,000.00.