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Payment Facilitator definition

Payment Facilitator means a third party which facilitates payments, including without limitation, payment system infrastructure, communications, clearing and other payment service providers, and intermediary, agent and correspondent banks.
Payment Facilitator means a third-party agent that may do the following: Sign a merchant acceptance agreement on behalf of an acquirer;
Payment Facilitator. “Launchpay,” or “we” refers to Launchpay LLC.

Examples of Payment Facilitator in a sentence

  • National data showed diminished HRT sales affected all hormone products across every patient demographic (Hing & Brett, 2006), although better- educated patients seemed more inclined to consider alternatives to HRT compared to those with different educational backgrounds (Krzyżanowska & Górecka, 2021).This market disruption created an unexpected opening for compounded ‘bioidentical hormones’ (Vance, 2007; Santoro & Liss, 2021) to grow their niche within an economy worth at least $20B.

  • Furthermore, Customer agrees to waive and hold Bank and/or Payment Facilitator harmless from and against any and all claims which Customer may have as a result of such reporting.

  • Pursuant to Appendix 2, you agree to pay Payment Facilitator the fees associated with the provision of the services contemplated hereunder.

  • All obligations by Customer to pay or reimburse Bank for any obligations associated with transactions Customer has submitted to Bank and Payment Facilitator are intended to survive termination of this Agreement.

  • If you are a Payment Facilitator (PayFac/PF) or Independent Sales Organisation (ISO), then you must send additional fields to identify yourself and your sub-merchants.


More Definitions of Payment Facilitator

Payment Facilitator means a service provider or the Merchant registered by the Bank to facilitate the acquiring of Card Transactions by the Bank from the Submerchant under the Payment Facilitator Program Service;
Payment Facilitator means an entity that is registered with a credit card system by an Acquirer to facilitate transactions on behalf of Sponsored Merchants, and receives settlement of transaction proceeds from the Acquirer on behalf of the Sponsored Merchants.
Payment Facilitator means the entity that has contracted with PXP under a direct Payment Facilitator Agreement (as described in the applicable Tripartite Merchant Services Agreement);
Payment Facilitator means is a third-party agent that may (a) Sign a merchant acceptance agreement on behalf of an acquirer (b) Receive settlement of transaction proceeds from an acquirer, on behalf of a Merchant.
Payment Facilitator means a business provider that provides the service of receiving payment via electronic card by receiving or sending electronic card payment transaction to an acquirer or another payment facilitator, as the case may be. Then the payment facilitator will pay for goods or services to a merchant, service provider or another payment facilitator, who has a mutual service agreement regarding electronic card payment as upon conditions.
Payment Facilitator means an entity, which is contractually bound to a user to facilitate the payments the user initiates by using a stored value facility.27
Payment Facilitator means the Third-Party Service Provider who provides Equipment, Software, or services to Company or Bank in conjunction with Online Payment Processing Services or eZePay Service.