Regulations Governing Institutions Engaging In Credit Card Business Article 27

The contract entered by and between a card acquirer and a merchant shall contain the following particulars:1. A merchant should ensure the accuracy of payment request data.2. Unless with justified reasons, a merchant may not refuse a cardholder's request to use credit card for charges, limit the charge amount or charge additional fees.3. A merchant shall safekeep the sales drafts and orders or relevant documents that carry the personal information of cardholder and/or credit card information, and keep all information on the cardholder confidential, unless it is otherwise required by law or the Competent Authority.4. A merchant shall not engage in transactions involving cash advances for financing purpose.5. A merchant may not accept credit card transactions outside its scope of business.6. If a merchant offers the service of installment payment by credit card on its own, said merchant shall not transfer the claims receivable thereof to any third person.7. A merchant may not lend its Point of Sale terminal machine to others.8. In case a merchant violates the provisions in Subparagraph 4, 5, or 7, the card acquirer will immediately terminate the contract and inform the JCIC.Where the contract entered by and between a card acquirer and a contracted merchant does not conform to the provisions in the preceding paragraph, the card acquirer shall revise the contract in six (6) months from the date the amendment to these Regulations enters into force.