Merchant Discount Rate Sample Clauses

Merchant Discount Rate a. The Merchant Discount Rate that we will apply to your Transactions will vary depending on whether the Transaction is a “qualifying” Transaction or a “non-qualifying” Transaction in accordance with the applicable Card Association Rules. A “qualifying” Transaction under the applicable Rules qualifies for the lowest applicable interchange rate set by the Card Association. A “non-qualifying” Transaction under the applicable Rules does not qualify for the lowest applicable interchange rate and is subject to a higher interchange rate, based on various criteria regarding the type of Transaction, as determined by the applicable Card Association and set out in the Rules. b. We will apply the Qualified Merchant Discount Rate (as listed on the Fee Schedule) to your “qualifying” Transactions. c. For your “non-qualifying” Transactions, we will apply the Qualified Merchant Discount Rate plus the Non-Qualified Adjustment (as listed on the Fee Schedule). You will also be charged an Interchange Differential which, for any given “non-qualified” Transaction, means the difference between (i) the interchange level at which such Transaction was actually processed by the relevant Card Association, and (ii) the lowest applicable interchange rate set by that Card Association. d. The combined total of your Card Fees, including the Merchant Discount Rate and any Interchange Differential that applied to your Transactions in any month will appear on the Merchant monthly statement.

Merchant Discount Rate. Service fee for Visa and MasterCard transactions: You [CURRENCY AND AMOUNT] Partner [CURRENCY AND AMOUNT] Rapyd [CURRENCY AND AMOUNT] You agree to pay us the following fees (expressed as a percentage of transaction volume) in addition to interchange fees and Card Scheme fees and assessment fees (IC++) Payment Card type IC++ fee Debit cards 0.[NUMBER]% Credit cards 0.[NUMBER]% Commercial and non- EEA cards 0.[NUMBER]%

Merchant Discount Rate. The rate of the discount shall be advised by the Bank from time to time and shall be subject to change by the Bank with notice to the Merchant.

Merchant Discount Rate. The Customer will set the applicable Merchant Discount Rate for each Campus Cash Merchant under this Section 8 and communicate such rate(s) to Transact in writing in advance of any changes and at initial enrollment. Customer may change such Merchant Discount Rate(s) at any time during the term of the Campus Cash Services with at least sixty (60) days prior written notice to Transact.

Merchant Discount Rate. 12.1 RCBC shall deduct the MDR in accordance with the relevant Annex. 12.2 RCBC reserves the right to change or modify the Merchant Discount Rate upon due written notice to the MERCHANT within fifteen (15) days from effectivity of the new revenue share. 12.3 The MERCHANT shall submit them in such form, manner and such other information relating to the transactions, and to such processing facility as shall from time to time be approved or required by RCBC.

Merchant Discount Rate. “MDR” or Service Fee “SF” shall mean the percentage rate agreed between Home Credit and the Merchant, as indicated in the signed Application for Merchant Cooperation Form. The MDR or SF is used to calculate the Merchant Fee.

Merchant Discount Rate. A Merchant Discount Rate (“MDR”) may apply to certain Credit Transactions, as determined by Flexiti in its sole discretion. The MDR is payable to Flexiti upon completion of each Credit Transaction to which an MDR applies. Payment of the MDR to Flexiti shall be made by Flexiti deducting from the total payable to the Merchant on account of each Credit Transaction the MDR applicable to the total amount of the Credit Transaction. The applicable MDR shall be determined by Flexiti from time to time, and are subject to change. Flexiti’s MDR rates, as amended from time to time, shall form a part of this Agreement.

Merchant Discount Rate i. The Parties hereby agree on a Merchant Discount Rate for QR Pay transactions of % or Fixed Rate of PhP . ii. RCBC shall pay and settle the net of the applicable withholding taxes, to the MERCHANT within 2 banking days following the QR Pay transactions of the MERCHANT. iii. RCBC reserves the right to change or modify the Merchant Discount Rate upon due written notice to the MERCHANT within 30 days from effectivity of the new revenue share. 1. AUTHORIZATION