Charge Back means, approved and settled credit card or net banking purchase transaction(s) which are at any time refused, debited or charged back to merchant account (and shall also include similar debits to Payment Gateway Service Provider's accounts, if any) by the acquiring bank or credit card company for any reason whatsoever, together with the bank fees, penalties and other charges incidental thereto.
Charge Back means any electronic debit returned for non-payment by the maker’s financial institution. “Designated Depository Account” means that financial depository account of Subscriber to which SPS will credit electronic check transaction data and from which SPS will debit amounts due for fees, Charge backs, and penalties, if any. “ODFI” means the Originating Depository Financial Institution” through which SPS initiates Subscriber transactions. “Third Party Processor” or “TPP” shall either mean SPS or a data processing service bureau having a contractual relationship with an ODFI and originating Entries to such ODFI on behalf of SPS at SPS’ request.
Charge Back means a transaction that is rejected by the Transactees bank as unauthorized or fraudulent or based on a claim against the merchant such as failure to deliver.
Examples of Charge Back in a sentence
Ifwhen or after collecting funds from the Payer's account, a Charge-Back occurs and the Funds have already been deposited into Clienťs designated account by Flywire or the Funds are beyond Flywire's control and are in the process of being deposited into Clienť s designated account, then Client hereby authorizes Flywire to set-off the Funds against the next remittance to Client or if there are no further remittances due, Client will immediately refund the Funds to Flywire.
More Definitions of Charge Back
Charge Back. See Black’s Law Dictionary, 6th ed. See also Surety and UCC § 4-212 “Chattel Paper” See Black’s Law Dictionary, 6th ed. UCC § 9-105 (b)
Charge Back. A customer Charge Back will be assessed to Agency if a customer, procured by Agency, cancels their service with PowerSource within the customer's first two (2) PowerSource billing cycles. The Charge Back is equaled to the Acquisition Bonus paid out by PowerSource.
Charge Back means any enforced direction or instruction effected on or through any computer, electronic or telecommunications equipment, medium or network (whether on the Internet or otherwise) to reverse any Card Transaction in response to a fraudulent Card Transaction or a Card Transaction dispute raised by the Cardholder.
Charge Back means approved and settled card or net banking purchase transactions which are at any time refused, debited or charged back to Merchant account (shall also include similar debits to Cashlesso accounts, if any) by the Acquiring Bank for any reason whatsoever, together with the bank fees, penalties and other charges incidental thereto. Chargeback Policy forming a critical part of this agreement is attached in ANNEXURE “D”.
Charge Back means a transaction that is reversed because the Cardholder has successfully disputed the transaction.
Charge Back has the meaning specified in Section 2.3 of this Schedule “A”.
Charge Back means the payment cashed by the Seller in connection with a Sale that the holder of the credit card used for the payment rejects through the issuer of such credit card.