Sales Drafts definition

Sales Drafts refers to the relevant payment slips, forms or papers supplied by the Bank to the Authorised Merchant for the purpose of recording, confirming and evidence of purchases or services incurred by the Cardmember through the use of the Cards to be charged to the Card Account;

Sales Drafts means the relevant payment slips, forms or papers supplied by Maybank to the Authorised Merchant for the purpose of recording, confirming and evidencing purchases or services incurred by the Cardmember through the use of the Credit Cards to be charged to the Credit Card Account;

Sales Drafts means paper forms Cardmember use as evidence of purchases made with their Account.

Examples of Sales Drafts in a sentence

• Merchant may not divide a single Transaction between two or more Sales Drafts on a single Card to avoid Authorization limits that may be set by the Card Issuer.

• You must securely retain legible copies of all Sales Drafts and Credit Drafts or any other transaction records for 24 months from the date you submitted the corresponding Credit to us.

• There are no voice authorizations for PIN-Debit Card transactions and no manually imprinted PIN-Debit Sales Drafts.

• You must also keep images or other copies of Sales Drafts for no less than three (3) years from the date of the Discover Network transaction.For American Express: You must submit the Credit to American Express directly, or through your Processor, for payment.

• Disclosures must be made on all copies of Sales Drafts or invoices in letters approximately 1/4" high in close proximity to the space provided for the Cardholder's signature or on an invoice issued at the time of the sale or on an invoice being presented for the Cardholder's signature.

• All Merchant obligations regarding accepted Sales Drafts will survive termination.

• Merchant must transmit Sales Drafts and Credit Vouchers to Bank or its processing vendor on the same or next business day immediately following the day that such Sales Drafts and Credit Vouchers have been originated.

• The Sales Drafts you retain must comply with all requirements (see Section 3.1).For Discover Network: You must securely retain legible copies of all Sales Drafts and Credit Drafts or any other transaction records for the longer of (i) 365 days or (ii) the resolution of any pending or threatened disputes, claims, disagreements or litigation involving the Card transaction.

• You must be in possession of a working imprinter, a supply of blank Sales Drafts and an accurate imprinter plate showing your DBA name, city, state, and Merchant Identification Number.

• If the total amount of both Sales Drafts exceeds the floor limit, authorization must be obtained.

More Definitions of Sales Drafts

Sales Drafts means the relevant payment slips, forms or papers supplied to the Authorized Merchant for the purpose of recording, confirming and evidencing purchases or services incurred by the Cardmember through the use of the Prepaid Card to be charged to the Prepaid Card Account;

Sales Drafts means the form supplied from time to time by the Bank to be used in Manual Imprinter (or) POS terminal, evidencing

Sales Drafts means the written form or electronic format supplied or approved by MSI used in consummating credit card sales transactions charged to the account of a Merchant’s customer.