Synovus Bank
1125 First Avenue
Columbus, GA 31901
706-649-4900
A Visa Member is the only entity approved to extend acceptance of Visa products directly to a Merchant.
A Visa Member must be a principal (signer) to the Merchant Agreement.
The Visa Member is responsible for educating merchants on pertinent Visa Operating Regulations with which Merchants must comply.
The Visa Member is responsible for and must provide settlement funds to the Merchant.
The Visa Member is responsible for all funds held in reserve that is derived from settlement.
Ensure compliance with cardholder data security and storage requirements.
Maintain fraud and chargebacks below thresholds.
Review and understand the terms of the Merchant Agreement.
Comply with the Visa Operating Regulations.
The responsibilities listed above do not supersede terms of the Merchant Agreement and are provided to ensure the Merchant understands some important obligations of each party and that the Visa Member (Acquirer) is the ultimate authority should the Merchant have any problems.