Re-presentments. If Acquirer chooses to re-present the Chargeback, it may use Planet Payment’s re-presentment interface. Acquirer can choose whether or not to fund the Acquirer Merchant. Planet Payment will submit the re-presented sales (or credits) in the outgoing files to the respective Card Association and identify them in the processing and settlement reporting. Planet Payment will provide a report on re-presented transactions to Acquirer. Planet Payment will submit re-presentment Transactions within 24 hours of receipt from the Acquirer. Planet Payment will report cleared and settled representments as part of its reconciliation reporting.
Appears in 4 contracts
Samples: Processing Agreement, Processing Agreement (Planet Payment Inc), Multi Currency Processing Agreement (Planet Payment Inc)
