Real Time Transaction definition
Examples of Real Time Transaction in a sentence
The Real Time Transaction Fees shall be calculated at a certain rate of the transacted amount through Alipay between Merchant and buyers of the ▇▇▇▇▇.▇▇ Website (the “Rate”) and deducted real-time via Alipay Services from the transacted amount in each transaction between Merchant and buyers.
Other reporting mechanisms apart from the Real Time Transaction Reports may be made available to MERCHANT, such “on-demand” reports may be accessed by a designated officer of MERCHANT.
However, no refunds of Real Time Transaction Fees will be made if refund applications are filed offline, regardless of what evidence Merchant adduced to demonstrate or prove that the relevant transaction(s) and product(s) are refunded and returned to Merchant.