Common use of Main Service Clause in Contracts

Main Service. 3.1.1. Maksekeskus shall provide the following Main Service to the Merchant: on the basis of the Merchant’s Authorisation, collecting Transaction Amounts from Payers and forwarding them to the Merchant. 3.1.2. The detailed description of the Main Service is as follows: (1) the Merchant forwards the Transaction Order to the Payment Environment; (2) the Payer pays the Transaction Amount; (3) Maksekeskus forwards the Transaction Confirmation to the Website; (4) if necessary, the Merchant forwards the Refund Order to the Payment Environment (including several Return Orders for a single Transaction); (5) Maksekeskus shall execute the payments to the Merchant’s bank account pursuant to Transaction Orders and refund the Payer’s bank account pursuant to the Refund Orders after executing the offsetting specified in the Agreement.