Merchant Account definition

Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.

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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, ISO, 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

• If the Merchant Account is closed or terminated, regardless of any reason, Merchant will continue to be billed the Excessive Chargeback Fee until it is no longer applicable.

• If applicable to the Payin Services provided, Company shall maintain a Merchant Account in good standing.

• The Software will facilitate (at Company’s option) some or all of the following: the acceptance of debit cards, credit cards and stored value cards electronic transactions, the use of such forms of electronic funds transfer as the Company may elect, including electronic transfers from customers’ bank, and the use of electronic checks, and the transfer of funds received from the Settlement Bank to the Merchant’s designated Merchant Account (the “Merchant Account”).

• Company shall comply with all terms, conditions, and requirements imposed by the acquiring bank, Card Associations, and applicable laws and regulations related to such Merchant Account.

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 Bank account of the Merchant maintained with Bank for collecting Fees, charges and other levies. In case the Merchant intends to use this Merchant Account to settle UPI transactions, for which the Merchant is the Receiver, then the Merchant Account shall also be used for settlement of transactions using UPI Services.

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.