Common use of Prohibited Returns Clause in Contracts

Prohibited Returns. User may not submit any return, refund, or other credit to Autobooks for processing which does not correspond to the return of one or more items from a bona fide sales transaction between User and a Cardholder. User should track inventory and its customers and employees to prevent the “return” of items not purchased. All returns, refunds and credits issued by User shall be in the same form as the payment received for the underlying sale. For example, if a purchase was made using a particular Card, the return must be made by crediting the same Card. Except to the extent the Rules provide otherwise, User will not issue cash refunds for purchases made with a Card or issue cash in exchange for Card transactions. User will not submit a credit transaction in exchange for cash, a check, or any other payment instrument. User will not submit any transaction for the purposes of obtaining or providing a cash advance or deposit of funds into its Account. In addition, User may not submit any refund or other credit transaction to Autobooks: • that does not correlate to an original sales transaction from the Cardholder; • that exceeds the amount shown as the total on the original sale transaction, unless the excess represents the exact amount required to reimburse the Cardholder for postage paid by the Cardholder to return merchandise in accordance with a policy applied consistently by the User to all its customers; • for returned products that were acquired in a cash purchase from the User; • that would cause an overdraft; or • more than three (3) business days following either a regulatory requirement granting a Cardholder’s right to a refund, or a non-disputed Cardholder request.

Prohibited Returns. User may not submit any return, refund, or other credit to Autobooks for processing which does not correspond to the return of one or more items from a bona fide sales transaction between User and a Cardholder. User should track inventory and its customers and employees to prevent the “"return” " of items not purchased. All returns, refunds and credits issued by User shall be in the same form as the payment received for the underlying sale. For example, if a purchase was made using a particular Card, the return must be made by crediting the same Card. Except to the extent the Rules provide otherwise, User will not issue cash refunds for purchases made with a Card or issue cash in exchange for Card transactions. User will not submit a credit transaction in exchange for cash, a check, or any other payment instrument. User will not submit any transaction for the purposes of obtaining or providing a cash advance or deposit of funds into its Account. In addition, User may not submit any refund or other credit transaction to Autobooks: • · that does not correlate to an original sales transaction from the Cardholder; • · that exceeds the amount shown as the total on the original sale transaction, unless the excess represents the exact amount required to reimburse the Cardholder for postage paid by the Cardholder to return merchandise in accordance with a policy applied consistently by the User to all its customers; • · for returned products that were acquired in a cash purchase from the User; • · that would cause an overdraft; or • · more than three (3) business days following either a regulatory requirement granting a Cardholder’s 's right to a refund, or a non-disputed Cardholder request.

Prohibited Returns. User may not submit any return, refund, or other credit to Autobooks for processing which does not correspond to the return of one or more items from a bona fide sales transaction between User and a Cardholder. User should track inventory and its customers and employees to prevent the “return” of items not purchased. All returns, refunds and credits issued by User shall be in the same form as the payment received for the underlying sale. For example, if a purchase was made using a particular Card, the return must be made by crediting the same Card. Except to the extent the Rules provide otherwise, User will not issue cash refunds for purchases made with a Card or issue cash in exchange for Card transactions. User will not submit a credit transaction in exchange for cash, a check, or any other payment instrument. User will not submit any transaction for the purposes of obtaining or providing a cash advance or deposit of funds into its AccountUser Accounts. In addition, User may not submit any refund or other credit transaction to Autobooks: • that does not correlate to an original sales transaction from the Cardholder; • that exceeds the amount shown as the total on the original sale transaction, unless the excess represents the exact amount required to reimburse the Cardholder for postage paid by the Cardholder to return merchandise in accordance with a policy applied consistently by the User to all its customers; • for returned products that were acquired in a cash purchase from the User; • that would cause an overdraft; or • more than three (3) business days following either a regulatory requirement granting a Cardholder’s right to a refund, or a non-disputed Cardholder request.