Common use of Merchant Services Agreement Clause in Contracts

Merchant Services Agreement. This Merchant Services Agreement for Sub-Merchants (Merchant Agreement) is made among VANTIV, LLC, having its principal office at 0000 Xxxxxxxxx Xxxx Xxxxx, Xxxxxx Xxxxxxxx, XX 00000-0000 and its designated Merchant Bank (collectively Acquirer) and the Merchant as defined in, and in connection with, the Terms of Service between [PAYFAC] and the User (herein referred to as Sub-merchant). Capitalized terms not otherwise defined herein have the respective meanings given them in the Company Terms of Service. Acquirer will provide Sub-merchant with certain payment processing (the Services) in accordance with the terms of this Merchant Agreement. In consideration of Sub-merchant's receipt of credit or debit card funded payments, and participation in programs affiliated with Visa, MasterCard, Discover, and certain similar entities (collectively, Associations), Sub- merchant is required to comply with the Rules as they pertain to applicable credit and debit card payments. In addition, if Sub- merchant meets certain requirements under the Operation Regulations or an Association or the Rules otherwise require, Sub-merchant may be required to enter into a direct relationship with an entity that is a Merchant of the Associations. By agreeing to the Company Terms of Service to which this Merchant Agreement is an exhibit (by click through agreement or otherwise), Sub-merchant has fulfilled this requirement, if and when applicable. However, Acquirer understands that Sub-merchant may have contracted with Company to obtain certain processing services and that Company may have agreed to be responsible to Sub-merchant for all or part of Sub-merchant's obligations contained herein.

Appears in 1 contract

Samples: End User License Agreement

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Merchant Services Agreement. This Merchant Services Agreement for Sub-Merchants (Merchant Agreement) is made among VANTIV, LLCworldpay, having its principal office at 0000 Xxxxxxxxx Xxxx Xxxxx, Xxxxxx Xxxxxxxx, XX 00000-0000 and its designated Merchant Bank (collectively Acquirer) and the Merchant as defined in, and in connection with, the Terms of Service between [PAYFAC] MentomPay and the User (herein referred to as Sub-merchant). Capitalized terms not otherwise defined herein have the respective meanings given them in the Company Terms of Service. Acquirer will provide Sub-merchant with certain payment processing (the Services) in accordance with the terms of this Merchant Agreement. In consideration of Sub-merchant's receipt of credit or debit card funded payments, and participation in programs affiliated with Visa, MasterCard, Discover, and certain similar entities (collectively, Associations), Sub- Sub-merchant is required to comply with the Rules as they pertain to applicable credit and debit card payments. In addition, if Sub- Sub-merchant meets certain requirements under the Operation Regulations or an Association or the Rules otherwise require, Sub-merchant may be required to enter into a direct relationship with an entity that is a Merchant of the Associations. By agreeing to the Company Terms of Service to which this Merchant Agreement is an exhibit (by click through agreement or otherwise), Sub-merchant has fulfilled this requirement, if and when applicable. However, Acquirer understands that Sub-merchant may have contracted with Company to obtain certain processing services and that Company may have agreed to be responsible to Sub-merchant for all or part of Sub-merchant's obligations contained herein.

Appears in 1 contract

Samples: mentom.com

Merchant Services Agreement. This Merchant Services Agreement for Sub-Merchants (Merchant Agreement) is made among VANTIVFirst Data Merchant Services LLC (First Data), LLC, having its principal office at 0000 Xxxxxxxxx Xxxx XxxxxXxxxxxxxxx XX, Xxxxxx XxxxxxxxXxxxxxx, XX Xxxxxxx 00000-0000 , and its designated Merchant Bank (collectively Acquirer) and the Merchant as defined in, and in connection with, the Terms of Service between [PAYFAC] VyaPay and the User (herein referred to as Sub-merchant). Capitalized terms not otherwise defined herein have the respective meanings given them in the Company Terms of Service. Acquirer will provide Sub-merchant with certain payment processing (the Services) in accordance with the terms of this Merchant Agreement. In consideration of Sub-Sub- merchant's receipt of credit or debit card funded payments, and participation in programs affiliated with Visa, MasterCard, Discover, and certain similar entities (collectively, Associations), Sub- Sub-merchant is required to comply with the Rules as they pertain to applicable credit and debit card payments. In addition, if Sub- Sub-merchant meets certain requirements under the Operation Regulations or an Association or the Rules otherwise require, Sub-merchant may be required to enter into a direct relationship with an entity that is a Merchant of the Associations. By agreeing to the Company Terms of Service to which this Merchant Agreement is an exhibit (by click through agreement or otherwise), Sub-merchant has fulfilled this requirement, if and when applicable. However, Acquirer understands that Sub-merchant may have contracted with Company to obtain certain processing services and that Company may have agreed to be responsible to Sub-Sub- merchant for all or part of Sub-merchant's obligations contained herein.

Appears in 1 contract

Samples: Terms and Conditions

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Merchant Services Agreement. This Merchant Services Agreement for Sub-Merchants (Merchant Agreement) is made among VANTIV, LLCworldpay, having its principal office at 0000 Xxxxxxxxx Xxxx Xxxxx, Xxxxxx Xxxxxxxx, XX 00000-0000 and its designated Merchant Bank (collectively Acquirer) and the Merchant as defined in, and in connection with, the Terms of Service between [PAYFAC] Magic Payments and the User (herein referred to as Sub-merchant). Capitalized terms not otherwise defined herein have the respective meanings given them in the Company Terms of Service. Acquirer will provide Sub-merchant with certain payment processing (the Services) in accordance with the terms of this Merchant Agreement. In consideration of Sub-merchant's receipt of credit or debit card funded payments, and participation in programs affiliated with Visa, MasterCard, Discover, and certain similar entities (collectively, Associations), Sub- Sub-merchant is required to comply with the Rules as they pertain to applicable credit and debit card payments. In addition, if Sub- Sub-merchant meets certain requirements under the Operation Regulations or an Association or the Rules otherwise require, Sub-merchant may be required to enter into a direct relationship with an entity that is a Merchant of the Associations. By agreeing to the Company Terms of Service to which this Merchant Agreement is an exhibit (by click through agreement or otherwise), Sub-merchant has fulfilled this requirement, if and when applicable. However, Acquirer understands that Sub-merchant may have contracted with Company to obtain certain processing services and that Company may have agreed to be responsible to Sub-Sub- merchant for all or part of Sub-merchant's obligations contained herein.

Appears in 1 contract

Samples: Magic Payments Terms and Conditions

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