Credit Transaction. (a) Dealer/Contractor will receive the net amount owed to Dealer/Contractor from Bank for each credit transaction involving an account issued under the Program (an “Account”) by Automated Clearing House (“ACH”) direct deposit. The various promotional plans available to those individuals who open accounts under this Agreement (“Accountholders”) and the pricing related thereto is set forth in Schedule A attached hereto. Bank may amend the promotional plan schedule from time to time in Bank’s sole discretion, as set forth therein. Dealer/Contractor may not add or assess any portion of administrative fees, or any other agreement of additional fees or consideration, to an Accountholder who chooses to use an Account as tender for Goods and/or Services. The Program is a non-recourse program for Dealer/Contractor, meaning that, subject to Bank’s chargeback rights set forth herein, Bank will not seek repayment from Dealer/Contractor if the Accountholder fails to repay the credit extended to him/her by Bank. However, if the Goods and/or Services are not properly charged to an Accountholder’s Account, the Goods and/or Services are not performed in full or in part, or the Accountholder is given a refund for the Goods and/or Services after Bank has paid Dealer/Contractor, then upon the request of Bank or the Accountholder, Dealer/Contractor will return the amount of such Bank payment to Bank within ten (10) Business Days. In such instances, the amount to be refunded to Accountholder will be returned to Bank as a credit to the Accountholder’s Account.
Credit Transaction. 15.1 A debit for a purchase and a subsequent credit for cancellation of goods / services are considered to be two separate transactions. You must pay for the purchase transaction as it appears in the Statement to avoid any additional charges being levied.
Credit Transaction. A debit for a purchase and a subsequent credit for cancellation of goods / services are two separate transactions. The Card Member must pay for the purchase transaction as it appears in the Statement to avoid any additional charges being levied. On cancellation the refund will only be credited to the Card Account (less cancellation charges) as and when received by IDBI Bank. However, on successful submission of credit charge slip by the Card Member, the credit shall be posted to the Card Account. If the credit is not posted to the Card Account within a reasonable time, the Card Member must notify IDBI Bank.
Credit Transaction. (a) Jeweler will receive the net amount owed to Jeweler from Bank for each transaction involving an account issued under the Program (an “Account”) by Automated Clearing House (“ACH”) direct deposit. Bank may amend, re-price and re-distribute the promotional plans set forth on Schedule 1 from time to time in Bank’s sole discretion as set forth therein. Jeweler may not add or assess any portion of administrative fees, or any other form of additional fees or consideration, to a Customer who chooses to use an Account as tender for the Goods and/or Services provided (each such Customer referred to as an “Accountholder”). The Program is a non-recourse program for Jeweler, meaning that, subject to Bank’s chargeback rights set forth herein, Bank will not seek repayment from Jeweler if the Customer fails to repay the credit extended to him/her by Bank. However, if the Goods and/or Services are not properly charged to a Customer’s Account, the Goods and/or Services are not performed in full or in part, or the Customer is given a refund for the Goods and/or Services after Bank has paid Jeweler, then upon the request of Bank or the Customer, Jeweler will return the amount of such Bank payment to Bank within three (3) business days. In such instances, the amount to be refunded to Customer will be returned to Bank as a credit to the Customer’s Account.
Credit Transaction. A Credit Transaction is the processing of a message from a terminal containing some or all of the data elements relating to a refund for a previous sale that cannot be voided.
