Common use of Third Party Providers Clause in Contracts

Third Party Providers. If ISO uses third-party payment processing services providers, other than or in addition to ISO, Merchant shall verify ISO’s list of payment processing services providers in order to determine if ISO can properly transmit the necessary Card information to Merchant’s third-party providers. Merchant acknowledges that ISO’s list can be modified from time to time and must be verified by Merchant prior to being set up with ISO. Merchant shall obtain the proper authorization from Merchant’s other provider and/or settlement bank to be able to use Merchant’s Account for key entry transactions and transactions being processed over the internet or online. Merchant shall be responsible for credits, returns, disputes and all costs associated with data transmissions. Merchant shall obtain accurate Card and ACH transaction information and authorization from its participating customers, and will transmit said information to ISO via the internet or service agreed upon by Merchant and ISO.

Appears in 8 contracts

Samples: Merchant Agreement, Merchant Agreement, Merchant Agreement

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