Machine-Readable Medium definition

Machine-Readable Medium means a medium capable of storing or accessing data in a format readable by a mechanical device via barcode or other relevant technology as specified in the Service Application Form from time to time; Payment means the payment in respect of the relevant Transaction Value made or to be made by an Alipay User for the purposes of completing the relevant Transaction; PRC means the People’s Republic of China, but for the purposes of this Agreement does not include Taiwan, Hong Kong Special Administrative Region or Macao Special Administrative Region; Product means any and all goods, products, services and/or items that Merchant makes available for sale to any person, including Alipay Users, on Merchant’s Platform; Refund means, as appropriate, either (i) the process whereby a Payment already made by an Alipay User is credited, in whole or in part, to that Alipay User as instructed by Merchant or (ii) the amount of such returned funds; RMB means Ren Min Bi being the lawful currency of the PRC; Service Application Form means the ‘Service Application Form’ at the beginning of this Agreement or its online equivalent, if any, at the Alipay website; Settlement Currency means the currency selected by Merchant in the Service Application Form;
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Machine-Readable Medium means a medium capable of storing or accessing data in a format readable by a mechanical device via barcode or other relevant technology as specified in the Service Application Form from time to time;
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Machine-Readable Medium means a medium capable of storing or accessing data in a format readable by a mechanical device via barcode/QR code, near field communication technology and/or sonic technology as specifically selected on the Service Application Form; Merchant’s Platform means the platform on which Merchant uses Alipay Service as set forth in Service Application Form; Payment means the payment collected by Alipay on behalf of Merchant for each Transaction; PRC means the People’s Republic of China, but for the purposes of this Contract does not include Taiwan, Hong Kong Special Administrative Region and Macao Special Administrative Region; Product means any and all tangible goods, products and/or items that Merchant make available for sale to any person, including Alipay Users, on Merchant’s Platform; Refund means funds already paid by Alipay Users to be return to Alipay User upon Merchant’s prior instructions; Reserve Against Refund means a fund reserved from Payment before settlement to pay for a Refund requested by Alipay User; Settlement Fund For the “Settlement Per Amount” option, when reaching or exceeding Settlement Limit, To-be-settled Funds less Refunds and Reserves Against Refund become Settlement Funds. In the “Settlement Per Period” option, when reaching or exceeding Settlement Threshold (if so elected), To-be-settled Funds less Refunds and Reserves Against Refund become Settlement Funds upon the expiration of each Settlement Period. Any settlement will not be made until and unless the pre-determined Reserves Against Refund is met (if so elected);
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Examples of Machine-Readable Medium in a sentence

  • Upon successful verification of the Machine-Readable Medium as presented by Alipay Users for the purpose of making Spot Payment regarding any relevant Transaction intended to be entered into offline between Alipay Users and Merchant, and subject to the deduction of any applicable Service Fee herein, the amount paid will be shown as “credited’ in the record of Merchant under the personal identification number allocated by Alipay.

Related to Machine-Readable Medium

  • Machine-readable means an automatic identification technology media, such as bar codes, contact memory buttons, radio frequency identification, or optical memory cards.

  • machine-readable format means a file format structured so that software applications can easily identify, recognize and extract specific data, including individual statements of fact, and their internal structure;

  • Machine means the machines/ equipment/software/accessories as detailed at Annexure-A.

  • Machine gun means any firearm known as a machine gun, mechanical rifle, submachine gun, or any other mechanism or instrument not requiring that the trigger be pressed for each shot and having a reservoir clip, disc, drum, belt, or other separable mechanical device for storing, carrying, or supplying ammunition which can be loaded into the firearm, mechanism, or instrument, and fired therefrom at the rate of five or more shots per second.

  • Desktop computer means a computer where the main unit is intended to be located in a permanent location, often on a desk or on the floor. Desktops are not designed for portability and utilize an external computer display, keyboard, and mouse. Desktops are designed for a broad range of home and office applications.