Payment Scheme Rules definition

Payment Scheme Rules means any and all applicable rules, regulations, standards and operating guidelines issued by any Payment Scheme, as amended and restated from time to time.

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Payment Scheme Rules means the rules applicable to a payment facilitated via a payment mechanism enabled by a particular payment scheme, such as Visa, Diners Club, Union Pay International, American Express and MasterCard;

Payment Scheme Rules means any and all applicable rules, regulations, standards and operating guidelines issued by any Payment Scheme, as amended and restated from time to time. "PayU Websites" means ▇▇▇.▇▇▇▇.▇▇, ▇▇▇.▇▇▇▇.▇▇ or ▇▇▇.▇▇▇▇.▇▇. "Refund" means a return of an amount to a customer's account or the reversal of any other payment pursuant to a request or instruction from the Merchant to PayU. "Services" means the processing, reconciling and reporting of payment Transactions, related operations and any other services detailed in this Agreement or as otherwise approved and notified by PayU to the Merchant in writing, or on the PayU Websites from time to time. „Transaction” – means a payment made by the Customer to the Merchant with the use of the Services. Unless a contrary indication appears any reference in this Agreement to: 3.

Examples of Payment Scheme Rules in a sentence

Services will be provided in accordance with Applicable Law and Payment Scheme Rules.
The Merchant shall not act in contravention of or cause PayU to act in contravention of any Payment Scheme Rules to which PayU is subject.
Subject to the Applicable Laws, the Supplier may use, collect and share information, documents, items and/or materials provided by the Customer with the Supplier’s Affiliates, subcontractors, Card Issuers, Payment Schemes, reference agencies, fraud prevention agencies and enforcement authorities to the extent the Supplier may reasonably consider necessary or appropriate for the provision of the Services and/or compliance with this Agreement, Applicable Laws, Payment Scheme Rules and Further Guidance.
Where applicable, the Merchant must respond to cardholder disputes and handle Chargebacks in accordance with Payment Scheme Rules.
The Customer shall not act in contravention of or cause the Supplier to act in contravention of any Payment Scheme Rules to which the Supplier is subject.
If we have any reasons to believe that the Merchant is copying, capturing or intercepting the above-mentioned information, in violation of the Payment Scheme Rules and PCI SSC’s rules, recommendations and standards (including specifically PCI DSS), we reserve the right to inspect Merchant’s locations and to suspend processing of Transactions and/or Refunds and to suspend Payouts.
In accepting the Services provided by us the Merchant commits to comply with the terms of this Agreement, Payment Scheme Rules, and the Applicable Law relating to the supply of goods/services by the Merchant.
It's important to understand that the Card Schemes and Alternative Payment Frameworks have discretion in managing Chargebacks according to the Payment Scheme Rules.
This list may be updated, at our discretion, where needed to ensure legal compliance, compliance with the Payment Scheme Rules and the TPPP’s Rules, prevent high levels of Chargebacks, reputational risks and/or reduce our exposure to potentially fraudulent or illegal transactions.
Any transaction that violates the Payment Scheme Rules, including transactions involving certain adult content or activities, illegal goods or services (including cannabis), paraphernalia associated with illegal goods or services, cryptocurrency purchases, raffles, sweepstakes, or gambling, as categorized as "high risk" or another restricted category.

More Definitions of Payment Scheme Rules

Payment Scheme Rules means individually and collectively, any and all applicable rules, regulations, standards and operating guidelines issued by any Payment Scheme, as amended and restated from time to time;