Merchant Account definition

Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.
Merchant Account meanmserchatnthacecount facility agreed between you and the Merchant Acquiring Bank.
Merchant Account means any account with an Acquirer or other Financial Institution, service provider, payment processor, independent sales organization, or other entity that enables an individual, a business, or other organization to accept payments of any kind.

Examples of Merchant Account in a sentence

  • Notwithstanding anything contained herein, SIB reserves the right to cancel a Customer Order and refund the transaction amount to the Customer from the Merchant Account or refuse any payment to the Merchant, if the Merchant does not provide SIB with the proof of Delivery/ Dispatch within 14 days of Authorization.

  • SIB shall, upon receipt of payment in the Nodal Account intimate the Nodal Bank to make payments to Merchant Account as per the details of payments provided by the Facility Providers within stipulated time as defined in Schedule 2.


More Definitions of Merchant Account

Merchant Account means the bank account in New Zealand nominated by the Merchant from time to time for the settlement of Transactions with the Merchant and the debiting of charges under this Agreement.
Merchant Account means an account used to submit credit card or debit card transactions or process credit card or debit card transactions.
Merchant Account means an account with an Acquirer that authorizes a merchant to honor or to accept a credit card, or to transmit or process for payment a credit card, for the purchase of a good, service, or charitable contribution.
Merchant Account means the account relationship established between LP Provider and an Approved Merchant pursuant to a Merchant Processing Agreement. ''Merchant Application" shall mean the forms and Application Materials designated by LP And required to enroll a Merchant in the requested Processing Service. ''Merchant Portfolio'' shall mean all of Contractors solicited of Approved Merchants participating in the Processing Service pursuant to Merchant Processing Agreements and this Agreement or Otherwise made a part of the Processing Service.
Merchant Account means the bank account or accounts nominated by the Merchant for the purposes of the Agreement.
Merchant Account means an account which is the subject of a Merchant Agreement and which generates Recurring Net Revenue.
Merchant Account means an account with an Acquirer that authorizes and allows a Merchant to honor or accept credit cards, or to transmit or process for payment credit card payments, for the purchase of goods or services or a charitable contribution.