Merchant Agreement definition

Merchant Agreement means a writ- ten contract between a merchant and an acquirer to honor or accept credit cards, or to transmit or process for payment credit card payments, for the purchase of goods or services or a char- itable contribution.

Merchant Agreement means any contract entered into with a merchant relating to the provision of Merchant Services.

Merchant Agreement means an agreement, by and among the applicable Sponsor Bank, (to the extent applicable) a Borrower or a Restricted Subsidiary, (to the extent applicable) the applicable Processor, and the applicable merchant (the “Merchant”), which provides for credit card and/or debit card transaction processing and related services pursuant to one or more Approved Bank Card Systems (including services relating to the authorization, transaction capture, settlement, chargeback handling and transaction processing of credit card and debit card transactions).

Examples of Merchant Agreement in a sentence

• In the event that Paynovate is prevented or delayed, in whole or in part, from fulfilling any of its obligations under the Merchant Agreement due to Force Majeure, Paynovate's obligations under the Merchant Agreement shall be suspended for as long as the Force Majeure continues and the duration of Paynovate's inability or delay to perform such obligations.

• If such Force Majeure continues for more than fifteen (15) Calendar Days, the Parties agree to negotiate in good faith to agree upon alternative contractual terms to restore as much as possible the original balance of the Merchant Agreement.

• The merchant will be deemed to have accepted changes and additions to the merchant Agreement unless it notifies Paynovate that it does not accept them prior to the expiration of the notice period, which will result in automatic termination of the Merchant Agreement.

• HISTORICAL BACKGROUND In 2016, the City executed a National Merchant Agreement with Moneris (“contract”), in accordance with Report FCS16077.

• In addition to the provisions of this Section and notwithstanding any insolvency proceedings, Paynovate shall have the right to set off any amount due from Merchant under this Agreement (including a Chargeback or an amount unpaid by Issuer) from an amount owed by Paynovate to the merchant under the Merchant Agreement at that time.

More Definitions of Merchant Agreement

Merchant Agreement means the agreement between Customer and Persolvent that provides for the Merchant Fees.

Merchant Agreement means the Merchant Application once approved and accepted by Peoples Trust together with these Terms and Conditions, and any supplementary documents referenced herein, and all schedules and amendments to the foregoing.

Merchant Agreement means a written contract between a merchant and an acquirer to honor or acceptcredit cards, or to transmit or process for payment credit card payments, for thepurchase of goods or services.

Merchant Agreement means, for any Merchant, a written agreement between such Merchant, on the one hand, and the Company or any Company Subsidiary, on the other, for the provision of Acquiring services.

Merchant Agreement means the agreement signed between the Merchant and Paynovate, including its annexes.

Merchant Agreement means the InterPayments agreement with a Customer that grants a right to the applicable InterPayments Technology to that Customer.

Merchant Agreement means the application form (online or paper based); recorded telephone calls (when signing up or accepting the Terms and Conditions or pricing over the telephone); the Terms and Conditions; Statements, any Merchant Services specific schedules or annexure to a Master Agreement and the Master Agreement (if applicable);