Common use of USING A CARD Clause in Contracts

USING A CARD. 10.1.1. The Card is a prepaid product which can be used by the Customer and any Cardholders to pay for Products and Services from Merchants in-store as contactless or Chip and PIN transactions, to make card not present transactions e.g. online purchases, mail order or telephone orders, and to make recurring transactions, where a merchant providing goods/services authorises the charging of periodic (e.g. weekly, monthly, or yearly), automatic payments during a set amount of time, unless otherwise agreed with the Company in line with predefined spend profiles (predefined spend profiles will be as set out in the Application or otherwise amended by the Customer’s Appointed Administrator using the Online Account Management Portal or contacting Customer Services). Cards shall not be used as a basis for cheque guarantee or for other similar use. The Customer undertakes not to factor any debts to a third party without the Company’s written agreement.