Acquiring Merchant definition

Acquiring Merchant means a Merchant for whom Parent, Seller or GCS provides Merchant Services in connection with which Parent, Seller or GCS bears the risk (whether by Payment Network Regulation, contract, or otherwise) for Chargebacks or Credit Losses.
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Examples of Acquiring Merchant in a sentence

  • In view of the similar nature of the On-us Commission Transactions and the Off-us Acquiring Transactions and that both types of transactions have been/ will be conducted with AEON Stores, the transactions under both the 2023 Renewal Agreement and the Card Acquiring Merchant Agreement shall be aggregated when calculating the annual caps pursuant to Chapter 14A of the Listing Rules.

  • Reference is made to the two announcements of the Company respectively dated 3 April 2020 and 23 April 2020 in relation to the transactions with AEON Stores under the Master Agreement, as well as a further announcement of the Company dated 30 June 2021 in relation to the transactions with AEON Stores under the Card Acquiring Merchant Agreement.

  • The Card Acquiring Merchant Agreement is subject to the fulfilment of the condition precedent stated below.

  • Reference is made to the two announcements of the Company respectively (i) dated 30 June 2021 in relation to the Off-us Acquiring Transactions under the Card Acquiring Merchant Agreement; and (ii) dated 1 February 2023 in relation to the On-us Commission Transactions under the 2023 On-us Renewal Agreement.

  • On 30 June 2021, after trading hours of the Stock Exchange, the Company entered into the Card Acquiring Merchant Agreement with AEON Stores, pursuant to which the Company will provide the Acquiring Services to AEON Stores under the Off-us Acquiring Transactions for a term of three years commencing from the Effective Date.

  • Acquiring Merchant (merchant): is the organization or individual acquiring card to pay for products and services.