Chargeback Ratio definition
Chargeback Ratio means the ratio (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward), computed as of the last day of each calendar month by dividing: (a) the aggregate number of Chargebacks arising during such calendar month, by (b) the aggregate number of Transactions processed by Worldpay in a given month (taking into account any formulations of applicable Card Schemes or Network Rules), as notified by Worldpay from time to time.
Chargeback Ratio means the ratio (expressed as a percentage) computed as ---------------- of the last day of each calendar month by dividing (i) the aggregate amount of all Related Contracts having one or more Receivables that were Chargeback Receivables on such day or that would have been Chargeback Receivables on such day had they not been written off the books of the Transferor during such month by (ii) the aggregate amount of all Related Contracts on such day.
Chargeback Ratio means the percentage determined by dividing the total dollar amount of Chargebacks by the total dollar amount of Transactions. You agree to assist Us when requested, at Your expense, to investigate any of Your Transactions processed through the Service. To that end, You permit Us to share information about a Chargeback with the Purchaser, the Purchaser’s financial institution, and Your financial institution in order to investigate and/or mediate a Chargeback. We will request necessary information from You to contest the Chargeback. If the Chargeback is contested successfully, We will release the reserved funds to You. If a Chargeback dispute is not resolved in Your favor by the Networks or issuing Bank or You choose not to contest the Chargeback, We may recover the Chargeback amount and any associated fees as described in this Agreement. You acknowledge that Your failure to assist Us in a timely manner when investigating a Transaction, including providing necessary documentation within seven (7) days of Our request, may result in an irreversible Chargeback. We reserve the right, upon notice to You, to charge a fee for mediating and/or investigating Chargeback disputes.
More Definitions of Chargeback Ratio
Chargeback Ratio means, as of a determination date, the quotient (expressed as a percentage) of (i) the amount of the gross chargeback calculated as the aggregate chargeback for all regions reflected on the chargeback report for the preceding 30 days incurred by the IKON Parties in respect of the Financing Contracts minus the credit recoveries realized by such IKON Parties in respect of such Financing Contracts divided by (ii) the amount of the average marketplace portfolio balances for all regions reflected on the chargeback report in respect of the Financing Contracts for such 30-day period, each component of the foregoing definition calculated in a manner consistent with past practices.
Chargeback Ratio means either:
Chargeback Ratio means the ratio (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward), computed as of the last day of each calendar month by dividing: (a) the aggregate number of Chargebacks arising during such calendar month, by (b) the aggregate number of Transactions processed by Worldpay in a given month (taking into account any formulations of applicable Card Schemes or Network Rules), as notified by Worldpay from time to time. (12) ‡ “ ´ ¡ \ c | W Z M 4 ▇ ▇ † 4 @ v ~ I Worldpay _5 5„$ 2 ı @$˛# M v , »$˛/ &k ▇ ▇ » « @ / : t v b \ M (i) v , b › ” ˜” M (ii) ( ⁄ p b v b, › ” _ 6ı ” K Worldpay _ - v 8 0[ M (iii) % l b’g p v/5 3 5 @ S(p v , _6ı4 WK orlZdpay _ - v 8 0 8 N b v fl fi } ^ 8 v b \ M ‡ “ ´ ¡ m \ c (a) Q b v _$˛# K S ‡ “ ´ (b) ¡ Q b v W_orldpay @ #. Kv S, b)r X>&4:# 6 » « ▇ ▇ ¿ ” 0Æd N b0£’ ’ * >’ [7V M G \ _ | ~’ >&I ˆ ” [/†&g I 1># 1b000 ( 5b D ‹1% b100 ( 1b r [/†&g I [ >6’ WWorlZdpay @7 3ß%– M v b 8 :
Chargeback Ratio means, as of a determination date, the quotient (expressed as a percentage) of (i) the amount of the gross chargeback calculated as the aggregate chargeback for all regions reflected on the chargeback report for the preceding 30 days incurred by the Seller in respect of the Financing Contracts (other than Financing Contracts billed through the IKON US marketplaces and identified on the Portfolio Tape) minus the credit recoveries realized by the Seller in respect of such Financing Contracts divided by (ii) the amount of the average marketplace portfolio balances for all regions reflected on the chargeback report in respect of such Financing Contracts for such 30-day period, each component of the foregoing definition calculated in a manner consistent with past practices.