Sub-Merchant Statement Clause Samples
The Sub-Merchant Statement clause outlines the requirement for providing periodic statements to sub-merchants detailing their transaction activity, fees, and other relevant financial information. Typically, this clause specifies the frequency and format of these statements, such as monthly electronic reports summarizing sales, refunds, chargebacks, and deductions. Its core practical function is to ensure transparency and accurate record-keeping for sub-merchants, enabling them to reconcile their accounts and monitor their business performance.
Sub-Merchant Statement. Fattmerchant shall make available a Sub- Merchant Statement or similar information on no less than a monthly basis. All information appearing on the Sub-Merchant Statement shall be deemed accurate and affirmed by Sub-Merchant unless Sub-Merchant objects by written notice specifying the particular item in dispute within twenty (20) days after the date of the Sub-Merchant Statement became available to Sub- Merchant. Delivery of the Merchant Statement may be in written or electronic form as determined by Fattmerchant in its solediscretion
Sub-Merchant Statement. WorkWave will make available a Sub-Merchant Statement or similar information on no less than a monthly basis. All information appearing on the Sub-Merchant Statement will be deemed accurate and affirmed by Sub-Merchant unless Sub-Merchant objects by written notice specifying the particular item in dispute within twenty (20) Business Days after the date of the Sub-Merchant Statement became available to Sub-Merchant. Delivery of the Sub-Merchant Statement may be in written or electronic form as determined by WorkWave in its sole discretion.
Sub-Merchant Statement. American Payments Solutions LLC shall make available a Sub-Merchant Statement or similar information on no less than a monthly basis. All information appearing on the Sub-Merchant Statement shall be deemed accurate and affirmed by Sub-Merchant unless Sub- Merchant objects by written notice specifying the particular item in dispute within twenty (20) days after the date of the Sub-Merchant Statement became available to Sub-Merchant. Delivery of the Merchant Statement may be in written or electronic form as determined by American Payments Solutions LLC in its sole discretion
Sub-Merchant Statement. SimplePay shall make available a Sub-Merchant Statement or similar information on no less than a monthly basis. All information appearing on the Sub-Merchant Statement shall be deemed accurate and affirmed by Sub-Merchant unless Sub-Merchant objects by written notice specifying the particular item in dispute within twenty (20) days after the date of the Sub-Merchant Statement became available to Sub-Merchant. Delivery of the Merchant Statement may be in written or electronic form as determined by SimplePay in its sole discretion
Sub-Merchant Statement. Integrity Business Partners shall make available a Sub-Merchant Statement or similar information on no less than a monthly basis. All information appearing on the Sub-Merchant Statement shall be deemed accurate and affirmed by Sub-Merchant unless Sub-Merchant objects by written notice specifying the particular item in dispute within twenty (20) days after the date of the Sub-Merchant Statement became available to Sub-Merchant. Delivery of the Merchant Statement may be in written or electronic form as determined by Integrity Business Partners in its sole discretion