Cashback Transaction definition
Cashback Transaction means the retail, online transactions and/or other transactions that RAKBANK defines as eligible from time to time. Only cashback transactions posted by RAKBANK to the Card Account will be considered eligible for the Cashback Anywhere Program. The Billed Amount of the qualifying transaction will be considered for Cashback calculation in the Credit Card Statement that the transaction appears.
Cashback Transaction means an agreement concluded between You and a Cardholder in terms of which the Cardholder withdraws cash in conjunction with a purchase, using a credit and debit Card;
Cashback Transaction means a service provided to Cardholders whereby cash is provided with a Card Transaction at the point of sale.
Examples of Cashback Transaction in a sentence
Merchants that allow Cardholders to initiate Cashback Transactions shall transmit in its Transaction message to the point-of-sale network, for each Cashback Transaction initiated at the Merchant’s location, the amount of cash given to the Cardholder pursuant to the Debit Card Transaction.