MasterCard Rules (PDF)

5.2 Acquirer Obligations
Merchants
5.2 Acquirer Obligations
An Acquirer must satisfy all of the obligations set forth in this Rule 5.2.
5.2.1 Acquiring Transactions
Each Acquirer must acquire all Transactions properly presented to it from each
of its Merchants on such terms as set forth in the Merchant Agreement.
5.2.2 Merchant and Sub-merchant Compliance with the
Standards
The Acquirer is responsible for ensuring that each of its Merchants complies
with the Standards, and the Acquirer is itself responsible to the Corporation and
to other Customers for any Merchant’s or Sub-merchant’s failure to do so. The
Acquirer must take such actions that may be necessary or appropriate to ensure
a Merchant’s or Sub-merchant’s ongoing compliance with the Standards. Failure
by a Merchant, Sub-merchant, or Acquirer to comply with any Standard may
result in chargebacks, an assessment to the Acquirer, and/or other disciplinary
action.
5.2.3 Merchant Information
The Acquirer must maintain, on an ongoing basis, the names and addresses of
every Merchant participating in the Acquirer’s Program and promptly supply the
Corporation with any such information upon request.
5.2.4 Payments to Merchants
Each Acquirer must pay each Merchant for all Transactions the Acquirer
acquires from the Merchant in accordance with the Merchant Agreement and
the Standards. This obligation is not discharged with regard to a Transaction
until the Merchant receives payment from the Acquirer that acquired the
Transaction, notwithstanding any Acquirer payment arrangement, including
any such arrangement between an Affiliate and a Principal or Association. A
Merchant Agreement may provide for an Acquirer to withhold amounts for
chargeback reserves or similar purposes in accordance with the Standards.
NOTE
An addition to this Rule appears in Chapter 11, “Canada Region Rules.”
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MasterCard Rules • 12 December 2012 5-3