Answer:
1.5.5.4 Payment of Existing Debt (Updated)
A Merchant must not accept a Card to collect or refinance an existing debt unless either:
● The Transaction results from conversion of a Merchant's existing card program to the Visa Program
or Visa Electron Program.
● The Merchant is a government agency and the Transaction represents a loan payment. In this case,
the Transaction amount must not equal the loan balance unless it is the final payment.
At the option of Visa, a Merchant may accept a Visa Card or Visa Electron Card as payment for an
existing debt. A Merchant must not accept a Visa Card or Visa Electron Card as payment for a debt
that is considered uncollectible (for example: payments to a collection agency). This does not apply to
a US Merchant.
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