Common use of Surcharges Clause in Contracts

Surcharges. If Merchant chooses to impose a surcharge on Card payments, Merchant may do so only after meeting specific considerations, limitations, and requirements as defined by the Card Associations. Requirements and limitations include: (i) Merchant may impose a surcharge only if permitted by, and is compliant with, state and local law; (ii) Merchant shall notify Bank, Company, and Card Associations no less than 30 days in advance of imposing any surcharge; (iii) Merchant shall publicly disclose its surcharge practices at the store entry point and point of sale; and (iv) Any surcharge imposed by Merchant shall not exceed 4% of the underlying Transaction amount. For information on, and further links to, surcharge considerations, requirements, limitations, and Card Association surcharge registration pages, visit xxx.xxxxxxxxxx.xx/xxxxxxxxx/xxxxxxx/xxxxxxxxx-xxxxx.xxxx and xxx.xxxx.xxx/xxxxxxxxxxxxxxxxxxx.

Appears in 7 contracts

Samples: Merchant Processing Agreement, Merchant Processing Agreement, Merchant Processing Agreement

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Surcharges. If Merchant chooses to impose a surcharge on Card payments, Merchant may do so only after meeting specific considerations, limitations, limitations and requirements as defined by the Card Associations. Requirements and limitations include: (i) Merchant may only impose a surcharge only if permitted by, and is compliant with, state and local law; (ii) Merchant shall notify Bank, Company, Service Provider and Card Associations no less than 30 days in advance of imposing any surcharge; (iii) Merchant shall publicly disclose its surcharge practices to customers at the store entry point and point of sale; and (iv) Any surcharge imposed by Merchant shall not exceed 4% of the underlying Transaction transaction amount. For information on, and further links to, surcharge considerations, requirements, limitations, limitations and Card Association surcharge registration pages, visit xxx.xxxxxxxxxx.xx/xxxxxxxxx/xxxxxxx/xxxxxxxxx-xxxxx.xxxx and xxx.xxxx.xxx/xxxxxxxxxxxxxxxxxxx.

Appears in 3 contracts

Samples: Merchant Processing Agreement Terms and Conditions, Merchant Processing Agreement Terms and Conditions, Merchant Agreement

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Surcharges. If Merchant chooses to impose a surcharge on Card payments, Merchant may do so only after meeting specific considerations, limitations, limitations and requirements as defined by the Card Associations. Requirements and limitations include: (i) Merchant may only impose a surcharge only if permitted by, and is compliant with, state and local law; (ii) Merchant shall notify Bank, Company, Bank and Card Associations no less than 30 days in advance of imposing any surcharge; (iii) Merchant shall publicly disclose its surcharge practices to customers at the store entry point and point of sale; and (iv) Any surcharge imposed by Merchant shall not exceed 4% of the underlying Transaction transaction amount. For information on, and further links to, surcharge considerations, requirements, limitations, limitations and Card Association surcharge registration pages, visit xxx.xxxxxxxxxx.xx/xxxxxxxxx/xxxxxxx/xxxxxxxxx-xxxxx.xxxx and xxx.xxxx.xxx/xxxxxxxxxxxxxxxxxxx.

Appears in 2 contracts

Samples: Merchant Processing Agreement Terms and Conditions, Merchant Processing Agreement Terms and Conditions

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