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.
Upon fulfilment of the pre-conditions set forth above, you will receive a Commission at the rate specified in the Master Merchant Commission Schedule.
We will notify you of the change of Commission by issuing a Master Merchant Commission Change Notice in accordance with Clause 19.1 (Notices).
We will not refund the Merchant the Merchant Commission in respect of any Refund processed.
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.
More Definitions of Merchant Commission
Merchant Commission the fees payable by the merchant to Nedbank.
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 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 the commission payable by the Merchant to Capitec in respect of Transactions, calculated in accordance with Annexure A;
Merchant Commission means any payment due to OMG from a Merchant arising from any Referral.
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 means the commission payable to Worldline by Merchant for facilitating a Transaction.