Merchant Refund definition

Merchant Refund means a refund by a Merchant through the System to a Cardholder of all or some of the money received by that Merchant from that Cardholder for payment of goods or services which has previously been effected by virtue of a Valid Transaction.
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Merchant Refund means a refund by a Merchant through the System to a Cardholder of all or some of the money received by that Merchant from that Cardholder for payment of goods or services which has previously been effected by virtue of a Valid Transaction. mPOS means mobile payment application within a mobile device (smartphone, tablet, PDA’s) that connects to a Terminal via the audio/USB port or Bluetooth, as offered by Bank to the Merchant in conjunction with a Merchant Account.
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Related to Merchant Refund

  • Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.

  • Customer Deposits means deposits made by customers with respect to the purchase of goods or the performance of services.

  • Processing Fees means all routine, generally applicable City-wide fees required by the City for processing applications and permits including, but not limited to, fees for land use applications, building applications, building permits, and certificates of occupancy.

  • Payment Information means any details required for the purchase of Services from this Website. This includes, but is not limited to, credit / debit card numbers, bank account numbers and sort codes;

  • Cardholder means any person to whom a Card is issued by the Bank.