Electronic Commerce Transaction definition

Electronic Commerce Transaction means a transaction between a Merchant and a Third-Party Payment Provider User over a network using a telephone, any mobile device, terminal, personal computer or other device to initiate such a transaction;
Sample 1Sample 2Sample 3
Electronic Commerce Transaction means a Transaction that occurs when the Cardholder uses the Internet to make a purchase from a Company.
Sample 1Sample 2Sample 3
Electronic Commerce Transaction. (“ECT”) means a Card transaction that occurs on the Internet, as further described in Section 7.
Sample 1Sample 2

Examples of Electronic Commerce Transaction in a sentence

  • Merchant cannot refuse to complete an Electronic Commerce Transaction using a MasterCard‐branded Card solely because the Cardholder does not have a digital certificate or other secured protocol.

  • Data indicating a Merchant Outlet's country must be transmitted in the Clearing Record of an Electronic Commerce Transaction.

  • Merchant may not submit a request for Authorization for an Electronic Commerce Transaction that has failed a 3‐D Secure authentication request.

  • A Chip-initiated Electronic Commerce Transaction must be sent Online for Authorization.

  • Each Electronic Commerce Transaction must be identified as such when submitted by Merchant by using the appropriate Electronic Commerce Transaction indicator values specified by the Card Networks.

  • If the Order Form for a Recurring Transaction is provided to the Merchant in an electronic format, the initial Transaction must be processed with the appropriate Electronic Commerce Transaction indicator values.

  • Attribution of Profit to a Permanent Establishment Involved in Electronic Commerce Transaction, OECD, at 4 (February 2001) (“ OECD Paper”).

  • The Merchant hereby agrees and undertakes that it shall honour without discrimination, as a means of payment for Electronic Commerce Transaction, Cards properly authenticated.

  • The Merchant agrees not to accept cash or any other consideration from a Cardholder in return for preparing a credit receipt to be deposited to the Cardholder’s account, nor to give cash refunds to Cardholders in connection with an Electronic Commerce Transaction.

  • Three phases for an ECT (Electronic Commerce Transaction) are identified i.e. information, agreement and settlement phase.


More Definitions of Electronic Commerce Transaction

Electronic Commerce Transaction. Means a transaction between the Merchant and the Cardholder in which a Card is used for payment of goods or services over the internet or via other authorized means, or a refund or any other permitted transaction which is evidenced by a Sales Record; Example Code: Means un-compiled software code or code fragments illustrating the use of the systems provided to the Merchant; Fees: Any charges to the Merchant for the services provided by the Service Provider as agreed on between the Service Provider and the Merchant; Fines: Any amount imposed on the Service Provider for excessive chargebacks or breach of Card Association rules by the acquiring Bank or a Card Association as a result of the Merchant activities; Financial Guarantee: Means a Guarantee provided by the Merchant to enhance/ supplement/ replace the Rolling Reserve Amount required by the Service Provider.
Sample 1
Electronic Commerce Transaction. Means a transaction between the Merchant and the Cardholder in which a Card is used for payment of goods or services over the internet or via other authorized means, or a refund or any other permitted transaction which is evidenced by a Sales Record; Example Code: Means un-compiled software code or code fragments illustrating the use of the systems provided to the Merchant;
Sample 1
Electronic Commerce Transaction. Means a transaction between the Merchant and the Cardholder in which a Card is used for payment of goods or services over the internet or via other authorized means, or a refund or any other permitted transaction which is evidenced by a Sales Record; Example Code: Means un-compiled software code or code fragments illustrating the use of the systems provided to the Merchant;
Sample 1

Related to Electronic Commerce Transaction

  • electronic commerce means the supply of goods or services or both, including digital products over digital or electronic network;

  • electronic commerce operator means any person who owns, operates or manages digital or electronic facility or platform for electronic commerce;

  • Electronic Communications means any transfer of signs, signals, text, images, sounds, data or intelligence of any nature transmitted in whole or part electronically received and/or transmitted through the Service.

  • Approved Electronic Communications means any notice, demand, communication, information, document or other material that any Credit Party provides to Administrative Agent pursuant to any Credit Document or the transactions contemplated therein which is distributed to the Agents or to the lenders by means of electronic communications pursuant to Section 10.1(b).

  • Electronic communication means a communication transmitted by means of an electronic device, including, but not limited to: a telephone, cellular phone, computer, or pager.

  • Electronic communication device means any mode of electronic communication, including but not limited to computers, cell phones, PDAs, or the internet.