Examples of Sales Record in a sentence
The Bank will credit the net amount of Sales Record to the SA, after deducting discount fee from settlement amount and any other recovery of dues such as chargeback and fraud related charges.
Proper disclosure shall be deemed to have been given only if, at the time of the Transaction, the following notice appears on all copies of the Sales Record (or disclosure if Card is not present) in legible letters at least one-quarter (1/4) inch high and adjacent to the text stating “NO REFUND” or “EXCHANGE ONLY” or “IN STORE CREDIT ONLY” as applicable, or equivalent language.
If the Merchant delivers the said information in more than 2 days and the Sales Record was determined by the Rules to be a Chargeback to the Merchant, the Bank will levy the processing fees as determined by the Rules on the Merchant in addition to the Chargeback fee.
The Merchant understands that Mail, Telephone and E-Commerce (Internet) orders and sale Transactions have substantially higher risk of Chargeback and Cardholder dispute than Card “present” (e.g. in a face-to-face) Transactions, as the Merchant will not have an imprinted or magnetically “swiped” Transaction with the Cardholder’s signature on the Sales Record.