Batch Out means that Merchant totals and settles all of the transactions on each POS terminal used by midnight (12:00 am) of the day SPS-EFT authorizes the sale and transmits the information contained in the Batch Out to SPS-EFT. SPS-EFT, in its sole discretion, may assess a $50.00 fee per day for each terminal on which Merchant fails to transmit a timely Batch Out. In addition, any transactions contained in an untimely Batch Out may be refused, become subject to chargeback or be held until after a sixty day period for consumer chargebacks by SPS-EFT. If Merchant has selected Conversion with Guarantee, then checks contained in an untimely Batch Out will not be guaranteed. Merchant acknowledges that failure to Batch Out on a timely basis may be grounds for suspension or termination of the SPS- EFT Services at SPS-EFT’s sole discretion. Merchant acknowledges that failure to Batch Out will delay funds being deposited and will result in the loss of guarantee coverage on those checks.
Batch Out means that Merchant totals and settles all of the transactions on each POS terminal used by midnight (12:00 am) of the day GETI authorizes the sale and transmits the information contained in the Batch Out to GETI. GETI, in its sole discretion, may assess a $50.00 fee per day for each terminal on which Merchant fails to transmit a timely Batch Out. In addition, any transactions contained in an untimely Batch Out may be refused, become subject to chargeback or be held until after a sixty day period for consumer chargebacks by GETI. If Merchant has selected Conversion with Guarantee, then checks contained in an untimely Batch Out will not be guaranteed. Merchant acknowledges that failure to Batch Out on a timely basis may be grounds for suspension or termination of the GETI Services at GETI’s sole discretion. Merchant acknowledges that failure to Batch Out will delay funds being deposited and will result in the loss of guarantee coverage on those checks.
Batch Out means that MERCHANT totals and settles all of the transactions on each POP MICR reader/check scanner used by midnight (12:00 am) of the day Paya-EFT authorizes the sale and transmits the information contained in the batch out to Paya-EFT. In addition, any transactions contained in an untimely batch out may be refused or become subject to chargeback or held until after a sixty-day period for consumer chargebacks by Paya-EFT. If MERCHANT account is POS GUARANTEE CONVERSION then checks contained in an untimely batch out are not covered under the POS GUARANTEE CONVERSION program. If so requested by Paya-EFT, the signed Electronic Check Authorization receipt must be sent out and received at Paya-EFT’s designated location within 48 hours from the request date. Failure to do so will remove Paya-EFT’s obligations under the Paya-EFT POS Guarantee Conversion program for such checks at Paya-EFT’s sole discretion. MERCHANT acknowledges that failure to batch out on a timely basis may be grounds for suspension or termination at Paya-EFT’s sole discretion. MERCHANT acknowledges that failure to batch out will delay funds being deposited and loss of guarantee coverage on those checks and Paya-EFT may apply a $25.00 fee for each terminal daily on which MERCHANT fails to transmit a timely batch out.
Examples of Batch Out in a sentence
Merchant acknowledges that failure to Batch Out on a timely basis may be grounds for suspension or termination of the SPS- EFT Services at SPS-EFT’s sole discretion.
Xxxxxxxx agrees to Batch Out on a daily basis each POS terminal used by Xxxxxxxx.
Attached to this Agreement and incorporated herein by reference is a Schedule of Fees, which contains the Discount Fee, Transaction Fees, Return Fee per returned item, Minimum Monthly Discount Fee, Subscription Fee, Monthly Check 21 Access Fee, Batch Out Fee, Termination Fee and other terms and conditions in effect on the commencement date of this Agreement.
Transactions contained in an untimely Batch Out may be refused, held for a 180 day period, become subject to chargeback or be transferred to a Reserve Account and held in accordance with the terms of the Bank Card Merchant Agreement.
In addition, any transactions contained in an untimely Batch Out may be refused, become subject to chargeback or be held until after a sixty day period for consumer chargebacks by SPS-EFT.
Merchant is responsible for resubmitting a Batch Out or ticket if the POS terminal fails to properly Batch Out or if sales ticket data does not process through the normal payment cycle.
Merchant acknowledges that failure to Batch Out will delay funds being deposited and will result in the loss of guarantee coverage on those checks.
In the event that a payment is rejected by Xxxxxxxx’s bank or fails to arrive within three (3) days from the date of the confirmed Batch Out due to problems beyond SPS-EFT’S control, SPS-EFT may periodically wire transfer all funds due Merchant until the problem is corrected, at Merchant’s expense.
SPS-EFT, in its sole discretion, may assess a $50.00 fee per day for each terminal on which Merchant fails to transmit a timely Batch Out.
If Merchant has selected Conversion with Guarantee, then checks contained in an untimely Batch Out will not be guaranteed.
More Definitions of Batch Out
Batch Out means that MERCHANT transmits all of the transactions to Paya-EFT by midnight (12:00 am) on the day Paya-EFT authorizes the sale. In addition, any transactions contained in an untimely batch out may be refused or become subject to chargeback or held until after a sixty-day period for consumer chargebacks by Paya-EFT. If so requested by Paya-EFT, all documentation related to the customer’s Internet ACH Authorization, including but not limited to customer’s telephone number and billing and shipping address, must be faxed and received by Paya-EFT within 48 hours from the request date. MERCHANT acknowledges that failure to batch out on a timely basis may be grounds for suspension or termination at Paya-EFT’s sole discretion. Paya-EFT reserves the right to hold additional monies as necessary to reduce any risk associated with daily processing of electronic checks. Paya-EFT may, in its sole discretion and to insure against, place a hold on funds due to MERCHANT in settlement of transactions in order to insure against potential losses. Paya-EFT will then provide a net deposit to MERCHANT after a period of time acceptable to Paya-EFT (usually 90 days from transaction processing date). In addition, MERCHANT understands that a failure to batch out will delay funds being deposited into MERCHANTS’ account. XXXXXXXX also acknowledges that Paya-EFT may apply a $25.00 fee for each Paya- EFT-assigned terminal ID number daily on which MERCHANT fails to transmit a timely batch out.
Batch Out means that MERCHANT totals and settles all of the transactions by midnight (12:00 am) of the day Paya-EFT authorizes the sale and transmits the information contained in the batch out to Paya-EFT. XXXXXXXX agrees to upload images from the check imaging device daily and acknowledges that Paya-EFT cannot process any transactions where the image has not been made available by MERCHANT. In addition, any transactions contained in an untimely batch out may be refused or become subject to chargeback or held until after a sixty-day period for consumer chargebacks by Paya-EFT. If MERCHANT account is Remote Check Deposit (Check 21 Plus) with Guarantee then checks contained in an untimely batch out are not covered under the Guarantee program. MERCHANT acknowledges that failure to batch out on a timely basis may be grounds for suspension or termination at Paya-EFT’s sole discretion. MERCHANT acknowledges that failure to batch out will delay funds being deposited and loss of guarantee coverage on those checks and Paya-EFT may apply a $25.00 fee for each terminal daily on which MERCHANT fails to transmit a timely batch out.
Batch Out means the totaling, settling, or reconciling by Client of all check images processed by midnight (12:00 a.m.) of the day Bank authorizes the transmission of the information contained in the batch submitted to Bank. If so required, Client agrees to upload Files based on Images from the Device daily and acknowledges that Bank cannot process the Files where the Images have not been made available to Bank. In addition, for any Image(s) contained in an untimely Batch Out, Bank may refuse, chargeback or hold the batch until after a sixty (60) day period for consumer or customer disputes. Client acknowledges that failure to Batch Out on a timely basis may be grounds for suspension or termination of the RDC Services by Bank in Bank’s reasonable discretion. Further, Client acknowledges that failure to Batch Out will delay funds being deposited and repeated failure to Batch Out will constitute a breach of this Agreement.
Batch Out means that Merchant totals Services at GETI’s sole discretion. Merchant acknowledges that failure to Batch Out will delay funds b on Receipt to GETI’s designated location within 48 hours from the date of such request. Additionally, if a Merchant has selected the Conversion with Guarantee, then upon GETI’s n to GETI’s designated Merchant acknowledges that all settlements between GETI and Merchant are provisional and are subject to the customer’s rights to dispute the charges against the customer’s account. In submitting fied mail. If customer pays cash, Merchant shall reimburse GETI by Merchant’s check. Merchant agrees to provide GETI notice o his Agreement provides for the provisional settlement of Merchant’s transactions, subject to certain terms and conditions, fe transmitted directly to Merchant’s designated account. However, GETI cannot guarantee the timeliness with which any payment may be credited by Merchant’s bank. Merchant understands that due to the nature of the ACH and the Merchant’s designated account. In the event that a payment is rejected by Merchant’s bank or fails to arrive within three (3) to problems beyond GETI’S control, GETI may periodically wire transfer all funds due Merchant until the problem is corrected, at Merchant’s expense. All payments to Merc reserve or other fee or charge for which Merchant is responsible pursuant to this Agreement. At GETI’s sole discretion, said ’s designated account, without further notice or demand.
Batch Out means that MERCHANT totals and settles all of the transac MERCHANT acknowledges that failure to batch out on a timely basis may be grounds for suspension or termination at GETI’s sole al and are subject to the customer’s rights to dispute the charges against the customer’s account. certified mail. If customer pays cash, MERCHANT shall reimburse GETI by MERCHANT’s check. MERCHANT acknowledges that this Agreement provides for the provisional settlement of MERCHANT’S transactions, subject to cert transmitted directly to MERCHANT’S designated account. However, GETI cannot guarantee the timeliness with which any payment may be credited by MERCHANT’S work with GETI to help resolve any problems in crediting MERCHANT’S designated account. In the event that a payment is reject ’S bank or fails to arrive within five (5) days from the date of settlement due to problems beyond GETI’S control, GETI may periodically wire transfer all funds due MERCHANT until the problem is corrected, at MERCHANT’S EXPENSE. All payments to MERCHANT sh may be debited against MERCHANT’S designated Account at GETI’s sole discretion, without any further notice or demand.
Batch Out means that MERCHANT totals and settles all of the transactions on each POP MICR reader/check scanner used by midnight (12:00 am) of the day GETI authorizes the sale and transmits the information contained in the batch out to GETI. In addition, any transactions contained in an untimely batch out may be refused or become subject to chargeback or held until after a sixty-day period for consumer chargebacks by GETI. If MERCHANT account is CHECK CONVERSION WITH GUARANTEE then checks contained in an untimely batch out are not covered under the Guarantee program. If so requested by GETI, the signed Electronic Check Authorization receipt must be sent out and received at GETI’s designated location within 48 hours from the request date. Failure to do so will remove GETI’s obligations under the GETI Check Conversion with Guarantee program for such checks at GETI’s sole discretion. MERCHANT acknowledges that failure to batch out on a timely basis may be grounds for suspension or termination at GETI’s sole discretion. MERCHANT acknowledges that failure to batch out will delay funds being deposited and loss of guarantee coverage on those checks and GETI may apply a $25.00 fee for each terminal daily on which MERCHANT fails to transmit a timely batch out.