Merchant of Record definition
Examples of Merchant of Record in a sentence
Billing will be managed by a third-party payment processor (Merchant of Record) and will require acceptance of their terms and account set-up.
All payments to Developers from sales through the Direct HP Enterprise Program will be paid directly by HP, not third-party payment processor (Merchant of Record), under standard Revenue Share payment terms as indicated below.
The Merchant of Record will be the MBS International Airport Commission.
Notwithstanding the foregoing, if and to the extent that eBay is the owner of inventory sold on an eBay Covered Property and takes financial responsibility for all full and partial returns and any chargebacks initiated by the customer (a “First Party Transaction”), eBay may elect to declare itself as the Merchant of Record solely with respect to such First Party Transaction.
Agencies using the ms.gov payment portal will follow guidelines from the State’s Merchant of Record, outlined in Section X.