Secondary Market Sales - AXS’s Merchant Account Sample Clauses

Secondary Market Sales - AXS’s Merchant Account. For clarity, AXS uses its own merchant account for processing sales of Tickets by resale sellers to resale buyers using AXS’s own merchant account and payment services providers, and shall share net fee revenues of resale transactions (after deducting the 3% Payment Administration Fee) with Client in the amount(s) set forth in Exhibit A, on a monthly basis. AXS will be responsible for refunding customers entitled to refunds (e.g., for a cancelled Event) who purchased secondary market Event Tickets from a resale seller on the AXS secondary marketplace. In the event that any such refunding involves previously distributed resale proceeds for Tickets originally sold using Client’s merchant account or other direct payment to Client, Client will provide such assistance as reasonably requested by AXS in order to facilitate collection and reversal of funds previously distributed to the resale Ticket sellers.
Sample 1
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Related to Secondary Market Sales - AXS’s Merchant Account

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