Excessive Activity definition
Excessive Activity means, during any monthly period for any one of Merchant’s terminal identification numbers or merchant identification numbers: (i) the dollar amount and/or number of chargebacks and/or retrieval requests in excess of 1% of the average monthly dollar amount and or number of Card transactions; (ii) sales activity that exceeds by 25% of the dollar volume indicated on the Application; or (iii) the dollar amount of returns equals 3% of the average monthly dollar amount of your Card transactions. Merchant authorizes, upon the occurrence of Excessive Activity, Bank and NMS to take any action deemed necessary including but not limited to, suspension or termination of processing privileges or creation or maintenance of a Reserve Account in accordance with this Agreement.
Excessive Activity means, during any monthly period for any one of Merchant’s terminal identification numbers or merchant identification numbers: (i) the dollar amount or number of chargebacks and retrieval requests in excess of 1% of the average monthly dollar amount or number of Card Transactions; (ii) sales activity that exceeds by 25% or more the dollar volume indicated on the Merchant Application; or (iii) the dollar amount of returns equals 3% of the average monthly dollar amount of Card Transactions. Merchant authorizes, upon the occurrence of Excessive Activity, Bank to take any action deemed necessary including but not limited to suspension or termination of processing privileges or creation or maintenance of a Reserve Account in accordance with this Agreement.
Excessive Activity means, during any monthly period and for any one of Merchant's terminal identification numbers or merchant identification numbers, (i) Chargebacks and/or retrieval requests in excess of 1% of the average monthly dollar amount of Card transactions, (ii) returns in excess of 3% of the average monthly dollar amount of Card transactions, or (iii) processing an average ticket above the amount approved by Servicers. Merchant authorizes, upon the occurrence of Excessive Activity, Servicers to take additional actions as they may deem necessary, including, but not limited to, suspension of processing privileges or creation or maintenance of a Reserve Account in accordance with this Agreement.
Examples of Excessive Activity in a sentence
Your presentation to Processor of Excessive Activity will be a breach of this Agreement and cause for immediate termination.
You authorize, upon the occurrence of Excessive Activity, Member Bank and Processor to take additional actions as either of them may deem necessary, including but not limited to suspension of processing privileges or creation or maintenance of a Reserve Account in accordance with this Agreement.
Merchant’s presentation to Bank of Excessive Activity will be a breach of this Agreement and cause for immediate termination of this Agreement.
Merchant authorize, upon the occurrence of Excessive Activity, Service Provider to take any action deemed necessary including but not limited to, suspension or termination of processing privileges or creation or maintenance of a Reserve Account in accordance with this Agreement.
Merchant’s presentation to Bank of Excessive Activity will be a breach of this Agreement and may result in immediate termination of this Agreement.
More Definitions of Excessive Activity
Excessive Activity has the meaning set forth in Section 2.4(d) of the Agreement.
Excessive Activity means: chargebacks in excess of .50% of the transaction ratio of your Card transactions; or, chargebacks in excess of .50% of the transaction ratio of the dollar amount of your Card transactions; or, returns in excess of 3% of the transaction ratio of your Card transactions; or, denied transactions in excess of 5% of the transaction ratio of your Card transactions. The existence of Excessive Activity will be a breach of this agreement and may result in action as we deem necessary, including, but not limited to, termination or suspension of processing privileges or creation or maintenance of a reserve. We may revoke or reverse any credit given to you where: (i) the Card transaction was not made in compliance with this agreement and the Laws, Rules, and Policies; (ii) the Cardholder disputes liability to us for any reason, including but not limited to those chargeback rights enumerated in the Rules; (iii) the Card transaction was not directly between you and the Cardholder; or (iv) a deposit to you was made erroneously.
Excessive Activity means: Chargebacks in excess of .50% of the transaction ratio of Merchant’s Card transactions; Chargebacks in excess of .50% of the transaction ratio of the dollar amount of Merchant’s Card transactions; returns in excess of 3% of the transaction ratio of Merchant’s Card transactions; or, denied transactions in excess of 5% of the transaction ratio of Merchant’s Card transactions. The existence of Excessive Activity will be a breach of this Agreement that may result in additional action as Vantage deems necessary, such as suspension of processing privileges, creation of a Reserve Account, or an increase in the amount required to be retained in a Reserve Account. Vantage may decline, revoke, or reverse any credit given to Merchant where: (1) the transaction (Card or ACH) was not made in compliance with this Agreement and the Laws, Rules, and Policies; (2) the customer or Cardholder disputes liability for any reason, including but not limited to those Chargeback or return rights enumerated in the Rules; (3) the transaction was not directly between Merchant and the Cardholder; or (4) a deposit to Merchant’s account was made erroneously.
Excessive Activity means, during any monthly period and for any one of your terminal identification numbers or merchant identification numbers in the aggregate, Chargebacks and/or retrieval requests in excess of one percent (1%) of your average monthly Card transactions or returns in excess of three percent (3%) of the average monthly dollar amount of Sales Drafts. You authorize, upon the occurrence of Excessive Activity, Processor and Bank to take additional actions, as either of them may deem warranted in their sole and absolute discretion, to address or remedy Chargebacks, to prevent future Chargebacks, and/or to minimize the harm arising out of or relating to the Chargebacks, including, without limitation, suspension of processing privileges, creation or maintenance of a Reserve Account in accordance with this Agreement, or increase of funds or percentage of funds required in a Reserve Account.
Excessive Activity means, during any monthly period: (i) the dollar amount of chargebacks and/or retrieval requests in excess of 1% of the average monthly dollar amount of your Card transactions; (ii) sales activity that exceeds by 10% of the dollar volume indicated on the Application; or (iii) the dollar amount of returns equals 20% of the average monthly dollar amount of your Card transactions. You authorize, upon the occurrence of Excessive Activity, EVO and Bank to take any action they deem necessary including but not limited to, suspension of processing privileges and establishment or increase in the amount allocated to the Reserve Account and a reduction in the amount of provisional credit remitted to you in accordance with this Agreement.
Excessive Activity is when during any calendar month, ▇▇▇▇▇▇▇▇’s Chargeback exceeds 1% of the transaction value of Transactions processed, if fraudulent transactions exceed 1.5% of the transaction value of Transactions processed, and/or if value of Refunds exceeds 5% of the transaction value of Transactions processed, as these limits may change from time to time.
Excessive Activity means, during any monthly period and for any one of your terminal identification numbers or merchant identification numbers or all of your merchant identification numbers in the aggregate, Chargebacks and/or retrieval requests in excess of 1% of your average monthly Card transactions or returns in excess of 3% of the average monthly dollar amount of Sales Drafts. You authorize, upon the occurrence of Excessive Activity, Processor and Bank to take