Common use of Electronically Transmitted Transactions Clause in Contracts

Electronically Transmitted Transactions. Fattmerchant shall deliver payment to Sub-Merchant by a credit to the Operating Account equal to the reconciled summary of Sub-Merchant’s total summary Payment Card Processing Transactions since the previous credit. This credit will be net of following charges: i. The sum of all Cardholder charges denied, refused or charged back; ii. All refunds processed on account of Cardholders during said time period; iii. All taxes, penalties, charges and other items incurred by Fattmerchant that are reimbursable pursuant to this Agreement; and iv. Fees, including but not limited to an amount equal to a specified percentage of the total cash price of each draft (“Merchant Discount Rate”), a specified amount per Payment Card Processing Transaction (“Transaction Fee”), any processing fees collected from cardholder (convenience fee and or payment plan setup fees) and additional fees such as a monthly terminal fee, monthly statement fee, installation fees and any other fees identified on the Fattmerchant Application.

Electronically Transmitted Transactions. Fattmerchant Till Payments shall deliver payment to Sub-Merchant by a credit to the Operating Account equal to the reconciled summary of Sub-Merchant’s total summary Payment Card Processing Transactions since the previous credit. This credit will be net of following charges: i. The sum of all Cardholder charges denied, refused or charged back; ii. All refunds processed on account of Cardholders during said time period; iii. All taxes, penalties, charges and other items incurred by Fattmerchant Till Payments that are reimbursable pursuant to this Agreement; and iv. Fees, including but not limited to an amount equal to a specified percentage of the total cash price of each draft (“Merchant Discount Rate”), a specified amount per Payment Card Processing Transaction (“Transaction Fee”), any processing fees collected from cardholder (convenience fee and or payment plan setup fees) and additional fees such as a monthly terminal fee, monthly statement fee, installation fees and any other fees identified on agreed to by the Fattmerchant ApplicationParties.

Electronically Transmitted Transactions. Fattmerchant Integrity Business Partners shall deliver payment to Sub-Merchant by a credit to the Operating Account equal to the reconciled summary of Sub-Merchant’s total summary Payment Card Processing Transactions since the previous credit. This credit will be net of following charges: i. The sum of all Cardholder charges denied, refused or charged back; ii. All refunds processed on account of Cardholders during said time period; iii. All taxes, penalties, charges and other items incurred by Fattmerchant Integrity Business Partners that are reimbursable pursuant to this Agreement; and iv. Fees, including but not limited to an amount equal to a specified percentage of the total cash price of each draft (“Merchant Discount Rate”), a specified amount per Payment Card Processing Transaction (“Transaction Fee”), any processing fees collected from cardholder (convenience fee and or payment plan setup fees) and additional fees such as a monthly terminal fee, monthly statement fee, installation fees and any other fees identified on the Fattmerchant Integrity Business Partners Application.