Examples of Merchant discount in a sentence
Merchant discount" means the fee or negotiated discount charged to a merchant by the taxpayer for privilege of participating in a program when a credit card is accepted in payment for merchandise or services sold to the card holder.[PL 1997, c.
According to Elluminate Live!® (2010), students are able to collaborate, share, and present ideas, as well as develop new projects in their local areas.
NOVA, acting on its own behalf and as Member's agent, shall pay to MSP as full consideration and compensation for the performance of all MSP's duties and obligations under this Agreement, any Referred Merchant discount revenues and/or fees collected in excess of NOVA's fees and other charges as set forth on Schedule B (hereinafter, "Compensation").
The acquirer charges the merchant a Merchant discount (markup), which is the difference between the face value of the transaction and the amount the acquirer transfers to the merchant [Prager et al., 2009].
Merchant discount revenue from credit card and signature debit card transactions acquired from merchants is recorded net of interchange and assessments charged by the credit card associations.