Large Ticket Transaction definition
Large Ticket Transaction means a transaction that the Associations have determined is eligible for a Large Ticket Rate.
Large Ticket Transaction means a Transaction that the Credit Card Networks have determined qualifies as a large ticket transaction.
Large Ticket Transaction as used herein shall mean certain transactions subject to select transaction requirements, qualified and determined by Visa, in its sole and absolute discretion. Such Visa® transaction qualification requirements for large ticket interchange shall include, but not be limited to, custom payment service qualification with Level II and Level III data included with the transaction. All non-travel service Merchant Category Codes (MCC) are eligible. The following terms and conditions shall apply under this Attachment: i) Customer must obtain an annual minimum Net Purchase Volume of $3,000,000, which may include both qualified and non-qualified Large Ticket Transactions, to receive a Revenue Share payment under this Attachment, ii) ▇▇▇▇▇ Fargo will segregate Large Ticket Transactions (as qualified by Visa®), and iii) If such Large Ticket Transactions are segregated, Customer’s Net Purchase Volume will be segregated into either the Standard non-qualified Large Ticket Revenue Share Schedule set forth above or the qualified Large Ticket Revenue Share Schedule set forth below for purposes of Revenue Share calculation:
More Definitions of Large Ticket Transaction
Large Ticket Transaction means a transaction that the Network has determined qualifies as a large ticket transaction.
Large Ticket Transaction means a transaction which qualifies for an incentive interchange rate that is lower than the standard interchange provided on a card transaction. Transaction size to qualify will vary over time with interchange rate changes set by card networks. Large ticket interchange rates may require the merchant to provide additional enhanced data to qualify for the lower rate, however exceptions to this requirement can occur.