Payment Facilitator definition

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.

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

• 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.

• 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.

• Customer represents to Bank that Customer does not have access to Card information (such as the cardholder’s account number, expiration date, and CVV2) and Customer will not request access to such Card information from Bank or Payment Facilitator.

• 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.

More Definitions of Payment Facilitator

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 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 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 an entity that, for booking of the Eligible Properties advertised via the TrustedStays Platform: (a) acts as a third-party agent that receives a settlement of transaction proceeds from an acquirer; (b) is responsible to maintain a payment gateway account to process payments related to the booking of Properties; (c) negotiates and manages ongoing credit card processing fees; (d) is responsible for compliance with PCI-DSS and GDPR standards for handling cardholder information and other data security regulations; (e) manages refund requests and handles chargebacks; (f) utilizes its merchant ID to aggregate payment; and (g) takes on other actions and responsibilities as determined by the banks and credit card associations with jurisdiction over the relevant means of payment.

Payment Facilitator means Payswiff, platform provider (includes Source Code and Object Code, any upgrades, modified versions, updates, and additions thereto, in any form and on any media including all fixes, updates, modifications, enhancements and new releases of the foregoing) in association with multiple payment brands acquiring banks, card scheme, switching solutions providers and nodal bank for the purpose of merchant on-boarding, device configuration, pricing configuration, payment processing, reconciliations and settlements for the transactions processed. This platform is governed by rules, regulations and the guidelines stipulated by all the parties associated in offering this solution and Reserve Bank of India.

Payment Facilitator means an entity that is registered with a credit card system by an Acquirer to facilitate transactions on behalf of Sponsored Merchants.