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;

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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.

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

• 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.

• 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.

• You will maintain sufficient working capital to provide for the delivery of goods or services at the agreed upon future date independent of any credit or proceeds resulting from Sales Drafts or other memoranda taken in connection with future delivery transactions.

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

• 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.

• You must ensure that such third parties transmit Sales Drafts to Processor and Member Bank in an acceptable format and in compliance with the Rules, including but not limited to PCI DSS.

• You shall store all Sales Drafts and transaction records in a limited access area for at least 1 year after the date of sales.

More Definitions of Sales Drafts

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.

Sales Drafts means the form supplied from time to

Sales Drafts and “Credit Vouchers” will mean the respective forms provided by Bank to Merchant for the purpose of consummating sales or credits to be charged or credited to the Card account of a Cardholder.

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;