Merchant discount definition

Merchant discount means the fee or negotiated discount charged to a merchant by the financial institution for the privilege of participating in a program whereby a credit card is accepted in payment for merchandise or services sold to the credit card holder.

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Merchant discount means the fee or negotiated discount that is charged to a merchant for accepting a credit card as pay- ment for merchandise or services that are sold to the credit card holder.

Merchant discount means the fee (or negotiated discount) charged to a merchant by the taxpayer for the privilege of participating in a program whereby a credit, debit, or similar type of card is accepted in payment for merchandise or services sold to the card holder, net of any cardholder charge-back and unreduced by any interchange transaction or issuer reimbursement fee paid to another for charges or purchases made its cardholder.

Examples of Merchant discount in a sentence

• Unless specifically permitted to by the applicable Operating Regulations, you will not directly or indirectly require any Cardholder to pay a surcharge or any part of any Merchant discount or any contemporaneous finance charge in connection with a transaction.

• NOVA, acting on its own behalf and as Member's agent, shall pay to ----------------- MSP as fall 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.

• The amount to be contributed to the Fund is defined in the housing provider’s operating agreement or an amount agreed to by Halton Region.

• A Merchant must not directly or indirectly require any Cardholder to pay a surcharge or any part of any Merchant discount or any contemporaneous finance charge in connection with a Card Transaction.

• For purposes of this Section 9: (i) a surcharge is any fee charged in connection with a Transaction that is not charged if another payment method is used; and (ii) the Merchant discount fee is any fee a Merchant pays to Bank so that Bank will process the Transactions of the Merchant.

More Definitions of Merchant discount

Merchant discount means a discount rate generally applied against settlements due to merchants for transactions with respect to the use of a Credit Card, which includes the Interchange Fees as well as any other transaction fees.

Merchant discount means the consideration, including a fee, charge, discount, or compensating balance, that a creditor requires, or that a creditor, subsidiary, or parent company of the creditor, or subsidiary of the creditor's parent company, receives directly or indirectly from a person other than the obligor in connection with a credit card transaction under a lender credit card agreement between the obligor and the creditor. The term does not include consideration received by a creditor from the obligor in connection with the credit card transaction.

Merchant discount means the fee or negotiated discount charged to a merchant by the financial

Merchant discount means a portion of the total value of all Card transactions effected by the Merchant, as stated in the Discount Schedule attached to this Agreement marked Annexure A;

Merchant discount means the aggregate fee, or negotiated discount, incurred by a merchant for the processing of payment card transactions under its contract with a payment card processing company when it accepts a payment network-branded credit, debit, or prepaid card in a sale transaction.

Merchant discount means the fee to be paid by the Merchant to the Bank at the agreed rate based on the percentage of the transaction amount processed by the Bank.

Merchant discount means the fee charged to Referred Merchants for the authorization, processing and settlement of Credit Card and Debit Card transactions. The fee typically consists of a percentage of the total sales transaction volume of a Referred Merchant, as such percentage is agreed, plus a per item fee. The fee can vary based on the type of Referred Merchant, method of authorization and other criteria stipulated by Elavon.