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
WEIPL may use this Security Deposit to set-off losses or costs or damages or Charge back suffered or incurred by the Customers, WEIPL, the Facility Providers or the Acquiring Banks, inter alia, due to fraud, misconduct, negligence or deficiency of service of the Merchant, Charge back from time to time or for any other reason attributable to the Merchant.
If the Merchant does not make payment to WEIPL, WEIPL and/or the Acquiring Bank shall be fully entitled to deduct all such claims, Charge back, etc., from all monies that are receivable by the Merchant from Acquiring Bank.
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 has the meaning specified in Section 2.3 of this Schedule “A”.
Charge Back means a transaction that is rejected by the transactee's bank as unauthorized or fraudulent or based on a claim against the merchant such as failure to deliver. "Check 21" refers to the Check Clearing Act of the 21st Century. It may also be used to describe a specific file type (usually preceded by the reference: X9) approved by the Federal Reserve whereby the intent of the act may be achieved. Financial institutions sometimes refer to this type of check transaction as: "Check 21" or "X9.37" or "Image Cash Letters" or "Paper Based (electronic) Transactions".
Charge Back means a transaction that is reversed because the Cardholder has successfully disputed the transaction.