Electronic Commerce Transaction Sample Clauses

Electronic Commerce Transaction. 2.8.1 In the simplest definition, Electronic Commerce Transaction “(E-Commerce)” is that where a Cardholder sends payment Card data to the Merchant over the Internet. Should the Merchant intend to enter into E-Commerce, the Merchant must notify the Bank with a written prior notice of 30 days, to be issued in accordance with Clause 1.8 of this Agreement. In accordance with Visa/MasterCard/UnionPay Regulations relating to E-Commerce, the Merchant is not permitted to accept the Card for the purchase or trade of child pornography and for prescription medications and other regulated products that are in violation of applicable sales laws. 2.8.2 The provision of E-Commerce Services is regulated by Clause 5 of this Agreement, and where Merchant does not select this Service at the time of execution of this Agreement or anytime thereafter, the Bank shall not be obliged to make payment to the Merchant even though the Merchant has obtained authorization code for E-Commerce via the Equipment provided by the Bank by the way of manual “Key-in”.

Electronic Commerce Transaction. Receipt is a paper record or a printed copy of an electronic record of an Electronic Commerce Transaction containing all the information described in clause 6.4.

Electronic Commerce Transaction. A Transaction that occurs when the Cardholder uses the Internet to make a payment to a Merchant or a Merchant uses the Internet to submit the Transaction for processing to Elavon.