no restricting refunds
To minimize any potential chargeback and provide the consumer with a good experience, the refunds cannot be restricted. The refunds cannot be contingent on returning the product, return codes etc.
disclose descriptor and continuity billing
The merchant name is the most important factor in cardholder recognition of transactions. Correct use helps to minimize copy requests resulting from unrecognizable merchant names and reduces costs to acquirers, issuers and merchants.
The merchant name must be the name most prominently displayed by the merchant and by which cardholders recognize the merchant (while also reflecting the merchant’s “Doing Business As” (DBA) name).
no price negotiation
What we have is this – Price points cannot be negotiated (discounted at will) or variable and “decline salvaging.” The bank wants to see consistency with transaction amounts equaling that which is listed on the website.
no decline salvaging
When a credit card is declined, the merchant attempts to process lesser and lesser amounts until the credit card is approved. This practice is not aligned with the card brand best practices.