Payment Facilitation Services definition

Payment Facilitation Services means facilitating the receipt of Sale Price on the Platform either along with Platform Services or otherwise (for example cash on delivery services).
Sample 1Sample 2Sample 3
Payment Facilitation Services refers to the payment facilitation services performed by Mobicred for the Merchant in terms whereof:
Sample 1Sample 2
Payment Facilitation Services means the act of holding onto funds when offering payment services which includes switching, transmitting or processing payment instructions (including the delivery to and/or receipt of payment instructions) between system participants and merchants or customers and/or communicating transaction information between merchants, issuing banks, and the acquiring bank, as well as providing infrastructure and platform which allows other payment service providers to offer payment services;
Sample 1

Examples of Payment Facilitation Services in a sentence

  • To the extent the Service Provider is unable to receive the Service Fees from the Payment Facilitation Services as aforesaid, the Merchant shall make all payments within ten (10) business days of receipt of the relevant invoice from the Service Provider.

  • To the extent the Service Provider is unable to receive the Service Fees from the Payment Facilitation Services as aforesaid; the Merchant shall make all payments within ten (10) business days of receipt of the relevant invoice from the Service Provider.

  • To the extent the Service Provider is unable to receive the Service Fees from the Payment Facilitation Services as aforesaid; the Vendor shall make all payments within ten (10) business days of receipt of the relevant invoice from the Service Provider.

  • Only the sellers and the buyers which have their Velox Accounts (the “Sellers” and the “Buyers” correspondingly) can use the Payment Facilitation Services.

  • You agree to notify us immediately of any unauthorized use of your username or password or any other breach of security regarding the Payment Facilitation Services of which you have knowledge.

  • We have the right to amend these Payment Facilitation Terms at any time and to change, delete, discontinue or impose conditions on any aspect of the Payment Facilitation Services.

  • You must have an Account with Velox to use the Payment Facilitation Services, as described in section 1 of the General Terms.

  • Our Payment Facilitation Services offers you the ability to process payment transactions, namely complete the payment for a purchase between a seller and a buyer (“Payment(s)”) through various means.

  • In order to provide our Payment Facilitation Services, we have entered into agreements with acquiring bank partners (“Acquiring Partners”).

  • The availability of the Payment Facilitation Services is subject to geographical restrictions.


More Definitions of Payment Facilitation Services

Payment Facilitation Services means services that facilitate acceptance of Cards and APM, including facilitating provision of Acquiring Services;
Sample 1

Related to Payment Facilitation Services

  • Installation Services means all those services ancillary to the supply of the Plant and Equipment for the Facilities, to be provided by the Contractor under the Contract; e.g., transportation and provision of marine or other similar insurance, inspection, expediting, site preparation works (including the provision and use of Contractor’s Equipment and the supply of all construction materials required), installation, testing, pre-commissioning, commissioning, operations, maintenance, the provision of operations and maintenance manuals, training, etc.

  • Construction Services means either of the following for construction-manager-at-risk, design-build and job-order-contracting project delivery methods:

  • Hosting Services means the provision, administration, and maintenance of servers and related equipment, the provision of bandwidth at the hosting facility, and the operation of the Application for access by Customer Users to be provided by the relevant hosting service provider.

  • Administration Services means the services required for the effective and efficient administration of Bonitas and includes, but are not necessarily limited to, member record management, contribution management, benefit option management, claims processing and management, management of members’ personal, claims and financial information and any other services that are required for the administration of Bonitas;

  • Transition Services means a coordinated set of activities for a child with a disability that:

  • Child support services means any civil, criminal or administrative action taken by the Division of

  • Optional Services means services that a USF Service Provider is authorized but not required to provide pursuant to the USF Services and Subsidy Agreement and any Licences held by a USF Service Provider;

  • Vocational rehabilitation services means the unit of vocational rehabilitation established in IC 12-12-1-2(2) as a unit of the rehabilitation services bureau in DDRS.

  • Generation Service means the sale of electricity, including ancillary services such as the provision of reserves, to a Customer by a Competitive Supplier.