Merchant Customer definition

Merchant Customer means a person who is a customer of the Merchant making Payments to the Merchant for processing by the Merchant’s third party payment processor;

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Merchant Customer means the person or entity named in this Merchant Agreement (including the Merchant (Customer) Application under Appendix 1), and if approved and accepted by the Bank, the Merchant is engaged in the business of providing goods and/or services to its clients and desires to accept credit and/or debit cards bearing the name and logo of VISA, MasterCard or Union Pay International for which the Bank authorizes the Merchant (Customer) to accept as a means of payment for those goods and/or services.

Merchant Customer means an individual who has created a Spendr Profile for the purpose of conducting Loads and Transactions with Participating Merchants using the Spendr Services.

Examples of Merchant Customer in a sentence

The Merchant (Customer) shall bear the full responsibility for any violation thereof.
In this case, Commercial Bank of Kuwait has the right to stop dealing, withdrawals and blocking all Merchant (Customer) accounts.
The Bank shall have the right to amend such amounts after the elapse of a period not less than 30 days from the date of notifying the Merchant (Customer) of such amendment through the means deemed appropriate by the Bank.
The Merchant (Customer) closes its account with the Bank designated for the online transactions through all banking cards.
The Merchant (Customer) does not strictly adhere to the terms and conditions of this Merchant Agreement, and/or any other agreement signed with the Bank that regulates banking cards relationship between the two parties.
The Merchant (Customer) shall also strictly maintain the confidentiality of the codes, numbers and passwords that Commercial Bank of Kuwait provides to the Merchant (Customer) and to take all necessary measures to prevent others to access them.
The Bank shall have the right to amend such amounts of fees and commissions provided that the Merchant (Customer) is so notified in writing not less than one month prior to the date of such amendment.
Commercial Bank of Kuwait shall verify the Cardholder (Consumer/Buyer) based on the debit card details and the other available necessary information and verify the Merchant (Customer) side.
At the expiration of the Agreement Term, this Merchant Agreement shall be automatically renewed thereafter for successive one (1) year periods (“Renewal Term”) unless the Merchant (Customer) gives written notice of termination at least sixty (60) days prior to the expiration of the Renewal Term.
In case of the Bank’s approval on any of them, the Merchant (Customer) shall be responsible for ensuring that the agent or subcontractor complies with the terms in force in this Contract.

More Definitions of Merchant Customer

Merchant Customer means a person or entity that uses Respondent’s shopping cart software and related services in connection with the sale of products and services on a Web site.

Merchant Customer means any “merchants” (as such term is generally used in the payment processing industry) for whom any Company Group Member directly or indirectly provides or enables payment processing services.

Merchant Customer means a third party for whom Partner hosts a Store on Partner's own server.

Merchant Customer means any provider of goods and/or services that accepts Transaction Cards as a payment vehicle which are serviced by the Business pursuant to a Merchant Contract.

Merchant Customer has the meaning set forth in the Investment Agreement.

Merchant Customer means a person who subscribes to or for one of the services or products offered by the Merchant to its customers within and out of Nigeria