- The Transaction results from conversion of a Merchant's existing card program to the Visa or Visa Electron Program
- The Merchant is a government agency and the Transaction represents a loan payment. In this case, the Transaction amount must not equal the loan balance unless it is the final payment. At the option of a Visa Region, a Merchant may accept a Visa Card or Visa Electron Card as payment for an existing debt, provided the debt is not considered uncollectable (e.g., payments to a collection agency or an attempt to recover funds for a dishonored check).
- The Transaction must not represent collection of a dishonored check.
- A Merchant must not accept Cardholder payments for previous Card charges.
MasterCard Rules: 5.11.5 Prohibited Transactions A Merchant must not submit for payment into interchange, and a Member must not accept from a Merchant for submission into interchange, any Transaction that:
- Represents the refinancing or transfer of an existing Cardholder obligation that is deemed to be uncollectible , or
- Arises from the dishonor of a Cardholder’s personal check, or
- Arises from the acceptance of a Card at a terminal that dispenses scrip.
If you wish to have more information on the subject or if you wish to contact one of our friendly representatives, please contact us at 888-888-8872 or at email@example.com or just come on by.