Merchant Transaction definition
Examples of Merchant Transaction in a sentence
Merchant acknowledges and agrees that Bank and their affiliates have no obligation or liability whatsoever for: (1) American Express transactions whether under the American Express OptBlue Program Agreement, the Merchant Transaction Processing Agreement or otherwise; or (2) any actions or omissions of Company or American Express.
During the Term of this Agreement and the Merchant Transaction Processing Agreement Merchant shall pay a Software Support Fee per Equipment terminal as indicated on POS Exhibit A.
This license shall immediately terminate upon expiration or termination of this Service Agreement except if Merchant is still processing transactions through a Merchant Transaction Processing Agreement with Shift4 and is paying the Software Support Fee.
By entering into this Service Agreement, and as a condition precedent to Shift4 providing Equipment to Merchant, ▇▇▇▇▇▇▇▇ agrees to enter into a Shift4 Merchant Transaction Processing Agreement.
Merchant Transaction Processing Fees charged to Government-Merchants by BPPR shall be collected by BPPR in the manner agreed to with the corresponding Government-Merchants.
EVERTEC will collect the corresponding Merchant Transaction Processing Fees from Merchants through ACH debits to the applicable Merchant DDA on a daily or monthly basis, as appropriate pursuant to the Merchant Agreement for credit to the Operating Account.
EVERTEC may amend the Merchant Transaction Processing Fees and monthly charges as often and in such amounts as it desires, except where such amendment is prohibited by the Rules (and except, for the avoidance of doubt, with respect to the Government-Merchant Agreements).
The Merchant Transaction Processing Fees and other charges must comply with applicable Rules and Laws.
The EVERTEC Reserve Account shall remain at BPPR throughout the Initial Term and Renewal Term, and for a period of not less than 180 days from the last date any Merchant in the Program submits a Merchant Transaction.
Account Payments will first be distributed to Company to pay any fees, including the Merchant Transaction Fee, and then the balance to Merchant.