Examples of High CV Merchant in a sentence
The Program Merchant acknowledges and agrees to allow the conversion from their OptBlue account with Processor to a direct acceptance relationship with American Express if and when it becomes a High CV Merchant, see program qualification requirements in American Express Merchant Operating Guide provided below.
In the event Merchant’s American Express annual charge volumeexceeds $1,000,000 in a rolling twelve month period or is greater than $100,000 in any three consecutive months, Merchant will be considered a High CV Merchant by American Express and will be required to enter into a direct merchant card acceptance agreement with American Express.
Merchant may be converted from the American Express Program to a direct Card acceptance relationship with American Express if and when Merchant has either (i) greater than $1,000,000 in Charge Volume in a rolling twelve (12) month prior or (ii) greater than $1,000,000 in Charge Volume in any three (3) consecutive months (hereinafter High CV Merchant).
If Xxxxxxxx has elected to accept American Express Cards, Merchant acknowledges that it may be converted from the OptBlue Program with MAS to a direct American Express Card acceptance relationship with American Express if and when it becomes a High CV Merchant pursuant to OptBlue Program eligibility requirements.
Merchant will be converted from Processor’s Direct Settlement Program for American Express to a direct card acceptance agreement with American Express if and when Merchant becomes a High CV Merchant (or if Merchant currently is a High CV Merchant).
In the event Merchant’ s American Express annual charge volume exceeds $1,000,000 in a rolling twelve month period or is greater than $100,000 in any three consecutive months, Merchant will be considered a High CV Merchant by American Express and will be required to enter into a direct merchant card acceptance agreement with American Express.
If Merchant has elected to accept American Express Cards, Merchant acknowledges that it may be converted from the OptBlue Program with MAS to a direct American Express Card acceptance relationship with American Express if and when it becomes a High CV Merchant pursuant to OptBlue Program eligibility requirements.
Such recalculated netting balances, including any consequent funds’ top‐ups, shall be due for settlement by the set deadline of T+2 as the ISD.
Merchant acknowledges that it may be converted from the Program to a direct Card acceptance relationship with American Express if and when its Transaction volumes exceed the eligibility thresholds for the Program, meaning Merchant becomes a High CV Merchant.
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