Common use of Transaction Settlement Clause in Contracts

Transaction Settlement. A. BlueSnap or Acquirer may deduct the value of any Chargebacks, Refunds, adjustments, applicable Interchange, assessments, fees, fines (including those imposed by the Card Organizations), rejected Transactions and suspended Transactions, amounts payable to third parties pursuant to instructions in accordance with the Card Organization Rules, other ad hoc charges, where such settlement funds are required to be genuinely reimbursed to Merchant in respect of transaction data that is provided to Acquirer, and any other amounts then due from Merchant.

Transaction Settlement. A. (a) BlueSnap or Acquirer may deduct the value of any Chargebacks, Refunds, adjustments, applicable Interchangeinterchange, assessments, fees, fines (including those imposed by the Card Organizations), rejected Transactions transactions and suspended Transactionstransactions, amounts payable to third parties pursuant to instructions in accordance with the Card Organization Rules, other ad hoc charges, where such settlement funds are required to be genuinely reimbursed to Merchant in respect of transaction data that is provided to Acquirer, and any other amounts then due from Merchant.