Merchant definition

Merchant means a person who deals in goods of the kind or otherwise by his occupation holds himself out as having knowledge or skill peculiar to the practices or goods involved in the transaction or to whom such knowledge or skill may be attributed by his employment of an agent or broker or other intermediary who by his occupation holds himself out as having such knowledge or skill.
Merchant means any corporate entity, firm, person or other establishment, supplying goods and/ or services, which a Card scheme (Visa or MasterCard) member Bank has approved and made arrangements to accept the Card or the Card numbers as a mode of payment or reservation by the cardholder.
Merchant means a person that sells goods or services to You and who receives payment through either Direct Services or Mobile Payment Services.

Examples of Merchant in a sentence

  • The proceeds of the Draws will be used solely to (i) fund payment of Interchange Fees and related obligations to Merchants arising in the ordinary course of business with respect to transactions consummated pursuant to Merchant Agreements, and (ii) for regulatory settlement requirements of the Borrower and its Restricted Subsidiaries.


More Definitions of Merchant

Merchant means the company that accepts payments via the Account,
Merchant means any person who owns or manages or operates a Merchant Establishment.
Merchant means the person/(physical or legal) who/which agrees to accept the Card as payment for goods or services.
Merchant means any Person who at any time, in relation to the Goods, has been or becomes the shipper, consignor, consignee, exporter, importer, the holder of the Bill of Lading and/or the receiver or the owner of the Goods, any person entitled to possession of the Goods, any Person having a present or future interest in the Goods or any Person acting on behalf of any of the above-mentioned Persons, including a Factor or Lender.
Merchant means any person or entity with whom DBS or any member or licensee of American Express, MasterCard or VISA has a subsisting agreement relating to the use and/or acceptance of any Card in payment to such person or entity whether for goods, services or charges incurred and/or to obtain Cash Advances from such person or entity.
Merchant means any corporate entity, person or other establishment supplying goods and/or services who accepts the Card as a mode of payment or reservation by the Cardholder.
Merchant means a person primarily engaged in the retail sale of goods or services.