Visa Stop Payment Service Product Terms

If You are a Visa Member, the following Visa Product Terms apply to You:

1. Your use of the Visa Stop Payment Service (VSPS) API is subject to Your ongoing participation in VSPS and completion of all applicable enrollment documentation required by Visa. 

2. Without limiting any other VSPS requirement as set forth in the Rules, You understand that usage of VSPS does not remove any obligation of the Cardholder to meet payment terms or any other agreement with the merchant, including but not limited to informing the merchant the Cardholder wishes to cancel the respective service.

If You are not a Visa Member, the following Visa Product Terms apply to You:

1. You may use the Visa Stop Payment Service (VSPS) API only on behalf and at the direction of Visa issuing institutions (“Visa Members”) and subject to such Visa Members (i) ongoing participation in VSPS, (ii) payment of applicable VSPS usage and client configuration management fees, (iii) completion of all applicable enrollment documentation required by Visa (iv) designation of You as its VSPS processor in the enrollment documentation and (v) compliance with the Visa Rules.

2. You are responsible for implementation with and connection to the VSPS API, any APIs between You and the relevant Visa Members and management of the relationship and communication with the Visa Members with regards to the VSPS API. Visa is not obligated to address any issues regarding the VSPS API directly with Visa Members.

3. Without limiting any other VSPS requirement as set forth in the Rules, You understand that usage of VSPS does not remove any obligation of the Cardholder to meet payment terms or any other agreement with the merchant, including but not limited to informing the merchant the Cardholder wishes to cancel the respective service.

4. VSPS includes various functions, allowing to search, retrieve, add, cancel, update and extend stop instructions, and also to research eligible transaction history. You may use all functions available as part of VSPS, but use is strictly limited to the set up and maintenance of stop instructions for the participating Visa Member’s Cardholders.