Holding of Funds. The standard hold time of Merchant’s funds for settlement of Debit transactions and origination of Credit transactions is four (4) Business Banking Days. Merchant may request a reduction of hold time on Debit and/or Credit Entries by submitting the applicable form provided by FORTE and supporting documents. FORTE may require separate security safeguards from Merchant to support such a reduction but is under no obligation to grant Merchant’s request.
Appears in 8 contracts
Samples: Merchant Services Agreement, Merchant Services Agreement, Merchant Services Agreement
Holding of Funds. The standard hold time of Merchant’s funds for settlement of Debit transactions and origination of Credit transactions is four three (43) Business Banking Days. Merchant may request a reduction of hold time on Debit and/or Credit Entries by submitting the applicable form provided by FORTE and supporting documents. FORTE may require separate security safeguards from Merchant to support such a reduction but is under no obligation to grant Merchant’s request.
Appears in 2 contracts
Samples: Merchant Services Agreement, Merchant Services Application and Agreement
Holding of Funds. The 6.2.1The standard hold time of Merchant’s funds for settlement of Debit transactions and origination of Credit transactions is four (4) Business Banking Days. Merchant may request a reduction of hold time on Debit and/or Credit Entries by submitting the applicable form provided by FORTE Forte and supporting documents. FORTE Forte may require separate security safeguards from Merchant to support such a reduction but is under no obligation to grant Merchant’s request.
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