Commercial Entity Agreement definition
Examples of Commercial Entity Agreement in a sentence
Where PayPal routes Transactions through NAB, PayPal acts as a payment processor and you have a direct agreement with NAB as set out in the NAB Commercial Entity Agreement.
In this case, the Commercial Entity Agreement will apply to any Transactions processed by PayPal on your behalf and will form part of this Agreement.
If your Transactions are being acquired by First Data, you are required to enter into the First Data Commercial Entity Agreement.
Where PayPal routes Transactions through First Data, PayPal acts as a payment facilitator and subject to 1.02(a) above, your agreement is with us, and the NAB Commercial Entity Agreement does not apply.
If your Transactions are being acquired by NAB, you are required to enter into the NAB Commercial Entity Agreement.