Payment Facilitator definition

Payment Facilitator. “Launchpay,” or “we” refers to Launchpay LLC.

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Payment Facilitator means a third-party agent that may do the following: Sign a merchant acceptance agreement on behalf of an acquirer;

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.

Examples of Payment Facilitator in a sentence

• You shall comply with the Associations’ operating rules (“Operating Rules”), including the Operating Rules applicable to the Visa PSP and MasterCard Payment Facilitator programs and all applicable local, state, and federal laws, rules, and regulations (“Applicable Laws”).

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

• You agree to pay Payment Facilitator the fees associated with the provision of the services contemplated hereunder as reserved in your agreement with Payment Facilitator.

• All notices and other communications required or permitted hereunder (other than those involving normal operational matters relating to the Services) shall be in writing, if to Sub-Merchant, at your address appearing on the first page of this Agreement or by any electronic means, including but not limited to the e-mail address you have provided to us, if to Payment Facilitator at ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ and if to Bank, to the address provided above.

• However, a Merchant Servicer which acts in the capacity of an Internet Payment Service Provider (IPSP) or Payment Facilitator (PF) or Payment Service Provider (PSP) in accordance with the applicable Operating Rules, may deposit transaction receipts on behalf of Merchant, as long as such Merchant Servicer has been approved in advance by the Merchant Bank (in accordance with the provisions of this Agreement including but not limited to Section 7.f) to act in such IPSP, PF or PSP capacity for the Merchant.

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 an entity that, for booking of the Eligible Properties advertised via the

Payment Facilitator means a payment service provider that offers payment facilitation services; “Payment instruction” means an order to make a payment or transfer funds;

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 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 shall have the meaning given that term in the Operating Regulations.