Active Merchant definition

Active Merchant means a Merchant referred to MMP by ISO and who has not defaulted on the terms and conditions of its Merchant Agreement with MMP.
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Active Merchant means a merchant that has completed at least one transaction during the 12 months prior to a specified date.
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Examples of Active Merchant in a sentence

  • Your compensation tiers are as follows; Tier 1: 1-10 Active merchants = 20% of the Commission Revenue Tier 2: 11+ Active merchants = 30% of the commission Revenue Active Merchant – a merchant that has successfully completed the application and KYC (Know Your Customer) process with CannAvenue.

  • A Sales Agent can reach Tier 3 with as low as 1 Active Merchant as long as that merchant is generating at least $50,000 of commission revenue in any given month.

  • ISO shall earn Compensation for each Renewal Transaction with an Active Merchant that occurs during a Renewal Period; provided that at the time of the Renewal Transaction: (a) ISO is not in default of the Agreement, (b) the Agreement has not been terminated for cause, (c) ISO is not on Inactive Status.

  • In the event any of the Active Merchant Agreements are scheduled to expire or terminate prior to the Funding Date, the Company shall, and shall cause the applicable Seller to seek to renew and extend any such agreement on terms and conditions approved by the Buyer.

  • CFC shall have caused (i) Green Tree Retail Services Bank to have transferred and assigned to the Company or any of its Subsidiaries that are Sellers of the Active Merchant Agreements owned by Green Tree Retail Services Bank and all Assigned Receivables related thereto and (ii) Conseco Finance Servicing Corp.

Related to Active Merchant

  • Participating Merchant means a Merchant that offers the Online Payment Service as an online payment option on the Merchant’s website.

  • active customer means a final customer, or a group of jointly acting final customers, who consumes or stores electricity generated within its premises located within confined boundaries or self-generated or shared electricity within other premises located within the same bidding zone, or who sells self-generated electricity or participates in flexibility or energy efficiency schemes, provided that those activities do not constitute its primary commercial or professional activity.”;

  • Cannabis production establishment agent means a cannabis cultivation facility

  • Active business operations means all business operations that are not inactive business operations.

  • Transient merchant means any person, firm, or corporation who engages in a temporary or itinerant merchandising business, intending to remain in business in the City of Waverly for less than one year, and in the course of such business hires, leases, or occupies any building or structure whatsoever or who operates out of a vehicle which is parked anywhere within the City limits. Temporary association with a local merchant, dealer, trader, or auctioneer, or conduct of such transient business in connection with, as a part of, or in the name of any local merchant, dealer, trader, or auctioneer shall not exempt any person, firm, or corporation from being considered a transient merchant.