Transaction Discount Rate means, the rate charged to the Sub Merchant by the Master Merchant on the transaction amount processed through Master Merchant and / or the Facility Providers, Card Companies, Payment Gateway System AND it includes the Merchant Discount Rate as notified by the Reserve Bank of India, the Facility Providers, the Acquiring Banks and Card Companies from time to time AND the processing and other charges charged by the Master Merchant as its service charges from time to time.The Transaction Discount Rate is exclusive of Service Tax and/or any other Taxes as notified by the Government from time to time. Transaction Discount Rate is the Charge, as mentioned in the Annexure A of the Agreement. However, the Transaction Discount Rate may be revised quarterly by the Master Merchant, and the Master Merchant will advise the Sub Merchant of any such change not less than 7 days in advance of its effectiveness.
Transaction Discount Rate. (TDR”) means, the non-refundable rate charged to the Sub Merchant by the Master Merchant on the transaction amount processed through Master Merchant and / or the Facility Providers, payment gateway system and it includes the Merchant Discount Rate as notified by the Reserve Bank of India, the Facility Providers from time to time and the processing and other charges charged by the Master Merchant as its service charges from time to time. The Transaction Discount Rate is exclusive of GST and/or any other Taxes as notified by the Government from time to time. Transaction Discount Rate applicable to this agreement is accepted by both the Parties by way of a written electronic communication. However, the Transaction Discount Rate may be revised quarterly by the Master Merchant, and the Master Merchant will advise the Sub Merchant of any such change not less than 7 days in advance of its effectiveness.
Examples of Transaction Discount Rate in a sentence
The Transaction Discount Rate is exclusive of Service Tax and/or any other Taxes as notified by the Government from time to time).
Taxes as applicable (Service Tax inclusive of Education Cess) will be levied on set up fees, ASMC and Transaction Discount Rate (TDR) as applicable Sub-merchant if approved for multicurrency options, shall attach Annexure C given below.
Subject to the other provisions hereof, Cashlesso shall endeavour to instruct the Nodal Bank to make payment of Customer Charge less the Transaction Discount Rate to the Merchant within 2 business Days upon receipt of the same from the Acquiring Bank.
Proposed adjustments of staff by the administration relative to this provision shall be preceded by meetings with the Association President, members of the affected discipline, and the College Forum Budget Committee to hear their concerns, information and/or objections.
In consideration of the services provided by APPNIT, Merchant agrees to pay to APPNIT the Transaction Discount Rate, integration fees and AMC as detailed in Annexure ‘A’.
More Definitions of Transaction Discount Rate
Transaction Discount Rate means, as agreed by both parties from time to time and as mentioned in Annexure of this agreement.
Transaction Discount Rate. (TDR”) means, the non-refundable rate charged to the Merchant by Letzpay on the transaction amount processed through Letzpay and / or the Facility Providers payment gateway system and it includes the Merchant Discount Rate as notified by the Reserve Bank of India, the Facility Providers from time to time and the processing and other charges charged by Letzpay as its service charges from time to time. The Transaction Discount Rate is exclusive of GST and/or any other Taxes as notified by the Government from time to time.
Transaction Discount Rate. OR “TDR” means, with respect of every transaction undertaken by the Customer for purchasing any of Merchant’s Product and/or Services, applicable charges of APPNIT for providing APPNIT’s Services to the Merchant, which are specifically provided under Annexure ‘A’ of this Agreement. The Transaction Discount Rate is applicable perennially starting from the date of Execution and APPNIT reserves the right to modify the same by giving a 30 days advance notice to the Merchant.
Transaction Discount Rate means, as agreed by both parties from time to time and as mentioned in Annexure ‘A’ of this agreement. Provided however that the Transaction Discount Rate may be revised quarterly (90 days) by the Master Merchant, and the Master Merchant will advise Sub Merchant of any such change not less than 30 days in advance of its effectiveness. 1.12 “Service” means any service that the Sub-Merchant offers to provide, and that is availed of by the Customer, the payment for which is to be made on the Customer’s Valid Card. 1.13 “Transaction” means every order that results in the Delivery by the Sub-merchant to the Customer of the Product(s) / Services in respect of which the Order was placed. 1.14 “Valid Credit Card” means a Visa or a MasterCard credit card or any other card acceptance facility provided by the Master Merchant and which is not listed in Visa/MasterCard’s and other current warning bulletins. 1.15 “Master Merchants Site” shall mean the web-site with the domain name “xxxx://xxx.xxxxxxxxxxx.xx” established by the Master Merchant for the purposes of enabling on-line trading instructions by the Customers of the Sub Merchant to the Master Merchant. 1.16 “Sub Merchants Site” shall mean the web-site with the domain name xxxx://xxx.__________________________ established by the Sub Merchant for the purposes of enabling its Customers to place orders for purchase of goods and services through the Internet.
Transaction Discount Rate means, the non-refundable rate charged to the Sub Merchant by the Master Merchant on the transaction amount processed through Master Merchant and / or the Facility Providers, Card Companies, Payment Gateway System and it includes the Merchant Discount Rate as notified by the Reserve Bank of India, the Facility Providers from time to time and the processing and other charges charged by the Master Merchant as its service charges from time to time. The Transaction Discount Rate is exclusive of GST and/or any other Taxes as notified by the Government from time to time. Transaction Discount Rate applicable to this agreement is accepted by both the Parties by way of a written electronic communication. However, the Transaction Discount Rate may be revised quarterly by the Master Merchant, and the Master Merchant will advise the Sub Merchant of any such change not less than 7 days in advance of its effectiveness.
Transaction Discount Rate or “TDR” shall mean the total fee per transaction agreed between INSTAPAYMAX and the Merchant as specified in Schedule II.