Sales Draft definition

Sales Draft means the paper form, whether electronically or manually imprinted, evidencing a sale Transaction.

Sales Draft means evidence of a purchase of goods or services by Cardholder from Merchant using a Card, regardless of whether the form of such evidence is in paper, electronic or otherwise, all of which must conform to Card Brand Rules.

Sales Draft means the relevant payment slips, forms or papers supplied by the Bank or any member institution of Visa International or MasterCard International to the Authorised Merchant for the purpose of recording, confirming and evidencing purchases of goods and/or services incurred by the Cardholder through the use of VISA/MASTERCARD CARD;

Examples of Sales Draft in a sentence

• Merchant will not deposit the Sales Draft labeled “balance” until the goods have been delivered to Customer or Merchant has fully performed the services.

• When presenting Transactions for Authorization electronically, and Xxxxxxxx’s terminal is unable to read the magnetic stripe on the Card, Xxxxxxxx must obtain a Voice Authorization and Xxxxxxxx must obtain the Customer’s signature on the Sales Draft before presenting the Sales Draft to Service Provider for processing.

• Merchant shall not prepare more than one Sales Draft for a single sale or for a single item and shall include all items or goods and services purchased in a single Transaction in the total amount on a single Sales Draft except as permitted by the Rules.

• Merchant will note upon the Sales Draft the words “deposit” or “balance” as appropriate.

• Unless the Sales Draft is electronically generated from a swiped Transaction or is the result of an Internet, mail, phone or preauthorized sales order, Merchant must use a Sales Draft or other form approved by Service Provider to document each Transaction.

More Definitions of Sales Draft

Sales Draft means the paper form, approved in advance by Bank, whether such form is electronically or manually imprinted, evidencing a sale Transaction. “Transaction” means any sale of goods and services, or credit for such, from a Merchant for which Bank makes payment through the use of any Card and which is presented to Bank for collection.

Sales Draft refers to paper or electronic evidence of a purchase, rental or lease of goods or services by a Cardholder from, and other payments to, Merchant using a Card. It includes preauthorization orders and recurring transactions (unless the context requires otherwise). The Sales Draft must conform to the terms of this Agreement, as well as all Rules, Laws, and Operating Regulations.

Sales Draft means a receipt of acknowledgement provided to the Cardholder subsequent to a Transaction, which is a binding contract between Merchant and the Cardholder.

Sales Draft means an electronic record which is created to evidence purchase of goods or services by a Cardholder from BlueSnap using a Card that is in compliance with the Card Organization Rules.

Sales Draft means the paper form approved in advance by SPS, whether such form is electronically or manually imprinted, evidencing a sale Transaction.

Sales Draft means the written form or Electronic Format approved by us for use in consummating sales Transactions charged to the account of a Purchaser on the basis of a Credit Card properly honored by you under this Agreement.

Sales Draft means an electronic receipt evidencing a sales Transaction.