Merchant Commission definition

Merchant Commission means a percentage of the monetary value of the Transactions which is payable monthly by You to the Bank as reflected on Your Statement;

Merchant Commission means a commission charged from the merchant as a percentage of the face value of each transaction performed by the merchant by way of manual authorization and/ or point of sale authorization.

Merchant Commission means a percentage of each Transaction, as set out in the application form or as advised by us in writing.

Examples of Merchant Commission in a sentence

• We will not refund you the Merchant Commission in respect of any refund processed.

• Where you do not have enough funds in your Bank Account to allow us to debit the Merchant Commission, Fees and other amounts set out in this clause, you authorise us to deduct such amounts from any other bank account that you have with us or from any investment held with any third party.

• We may change the Merchant Commission and/or other Fees or the way we collect such Fees (in other words from once a month to every day) on notice to you.

• Arronax shall advise the Merchant Commission Rate from time to time.

• RATE (MCR) In consideration of the services provided by Xxxxxxx, the Merchant agrees to pay to Arronax the Merchant Commission Rate and further charges as may be communicated to the Merchant from time to time, which shall be deducted by Arronax from the amount payable to the Merchant in terms of this agreement hereof in respect of a transaction amount.

More Definitions of Merchant Commission

Merchant Commission means the commission payable by the Merchant to Capitec in respect of Transactions, calculated in accordance with Annexure A;

Merchant Commission means the agreed percentage of the value of total sales made on the Portal payable by the Merchant to the Bank which amount may be amended by the Bank on notice to the Merchant;

Merchant Commission means a percentage of the gross monetary value of the Transactions performed by the Merchant using the Acquiring Services, which is payable monthly by You to the Bank as reflected on Your Statement;

Merchant Commission the fees payable by the merchant to Nedbank.

Merchant Commission means a percentage of Merchant sales payable by the Merchant to Standard Bank pursuant to a Transaction (including an Authenticated Transaction), as agreed by the Parties on the Effective Date and as amended by Standard Bank from time to time pursuant to the terms of the Agreement but being no less than the Minimum Merchant Commission per month;

Merchant Commission means any payment due to OMG from a Merchant arising from any Referral.

Merchant Commission means the commission payable to Worldline by Merchant for facilitating a Transaction.