Merchant Outlet definition

Merchant Outlet is a location where ▇▇▇▇▇▇▇▇ accepts Transactions. "Merchant Identification Number (MID)" is the identification number assigned to Merchant by Provider for the purposes of participation in the Services. Merchant may be assigned multiple MIDs.
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Merchant Outlet means for Card Present Transactions the physical premises of the merchant at which the transaction is completed. Merchant Outlet means for Card Not Present Transactions the address of the fixed place of business through which the merchant conducts its business including the supporting operations through which the transaction is completed, regardless of website or server locations. If the merchant does not have a fixed place of business, the Merchant Outlet shall be the address for which the merchant holds a valid business licence and through which the transaction is completed In addition, merchants and their Acquirers may, at their sole option, after consultation with, but without being directed by, Mastercard Europe, allocate the place of the Merchant Outlet in the following manner:
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Merchant Outlet. The Merchant’s store, physical address, URL or application from which the products/services are sold, as stated in the Agreement form; Nets – the company with which the Merchant has entered into the Agreement; Parties – Nets and the Merchant; Payment terminal – a technical device enabling acceptance of card payments, which electronically processes, preserves and transmits the information on the payment card; Recurring payments – payments which allow the Merchant to complete card payments automatically with stored card data at regular intervals; Security Certificate – a certificate of approval issued by the Card Processor;
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Examples of Merchant Outlet in a sentence

  • The Merchant Outlet must be registered in the Merchant’s name as it appears in the Agreement Form.

  • If the Merchant winds up its Merchant Outlet, the Merchant must not use the Agreement for Card Payments.

  • The Merchant must accept payment made with all valid Payment Cards of the card types that the Merchant has chosen to accept as payment for products and services at the relevant Merchant Outlet.

  • Typical time for setting up a new Merchant Outlet on the Planet Payment Platform shall be [*] business days in New York from the date that Planet Payment receives the fully completed set up information form from Acquirer.

  • The Merchant may obtain and order the trademarks and stick- ers for use at the Merchant Outlet and in its marketing materials from ▇▇▇.▇▇▇▇.▇▇/▇▇▇▇▇▇▇▇.

  • The Agreement covers payments made using the Payment Cards that the Merchant has chosen to accept as means of payment and which take place at the Merchant Outlet stated in the Agreement Form.

  • In consideration of Planet Payment’s services provided hereunder, with respect to MCP Transactions in each MCP Designated Territory of each Acquirer Merchant Outlet participating in the Acquirer MCP Program, Planet Payment will be entitled to receive a share of the Gross FX Margin calculated as set forth in Section 2 of Schedule 1.

  • Typical time for setting up a new Merchant Outlet on the Planet Payment Platform shall be[*] business days in New York from the date that Planet Payment receives the fully completed set up information form.

  • The MCP Revenue Percentage shall be applied to each of the Target FX Margin, Settlement Gain or Settlement Loss, Presentment Gain and Interchange Differential amounts earned, or incurred for each Merchant Outlet during each calendar month, in order to determine each party’s revenue share entitlement (the “MCP Revenue Share”).

  • Typical time for setting up a new Merchant Outlet on the Planet Payment Platform shall be [*] in New York from the date that Planet Payment receives the properly completed Bulk File from Acquirer.


More Definitions of Merchant Outlet

Merchant Outlet country and transaction currency: 4.7.1 The merchant outlet country at the time of presenting payment options to the cardholder is South Africa. Transaction Currency is South African Rand (ZAR).
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