Merchant discount fee definition

Merchant discount fee means the actual fee, expressed as a percentage or fixed amount of the total transaction amount, that a seller or lessor pays its processor or service provider to process the transaction.
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Merchant discount fee means the fees charged to the Dealer/Contractor to permit them to offer the Promotional Programs set forth on Schedule A.
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Merchant discount fee means the amount realized by RPA Seller on account of merchant fees and discounts relating to credit sales with respect to the Accounts.
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Examples of Merchant discount fee in a sentence

  • The Merchant discount fee is any fee a Merchant pays to an Acquirer so that the Acquirer will acquire the Transactions of the Merchant.

  • Merchant discount fee" means the actual fee, expressed as a percentage or fixed amount of the total transaction amount, that a seller or lessor pays its processor or service provider to process the transaction.

  • For purposes of this Section 9: (i) a surcharge is any fee charged in connection with a Transaction that is not charged if another payment method is used; and (ii) the Merchant discount fee is any fee a Merchant pays to Bank so that Bank will process the Transactions of the Merchant.


More Definitions of Merchant discount fee

Merchant discount fee means the actual fee, expressed as a
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Related to Merchant discount fee

  • BA Discount Proceeds means, in respect of any Bankers' Acceptance, an amount calculated on the applicable Drawdown Date which is (rounded to the nearest full cent, with one-half of one cent being rounded up) equal to the face amount of such Bankers' Acceptance multiplied by the price, where the price is calculated by dividing one by the sum of one plus the product of (i) the BA Discount Rate applicable thereto expressed as a decimal fraction multiplied by (ii) a fraction, the numerator of which is the term of such Bankers' Acceptance and the denominator of which is 365, which calculated price will be rounded to the nearest multiple of 0.001%.

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

  • Specified Discount Proration has the meaning set forth in Section 2.05(a)(v)(B)(3).

  • Solicited Discount Proration has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Placement Fee has the meaning given thereto in Section 2(a) hereof;

  • Solicited Discounted Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Cash Advance Fee means a cash advance fee or similar fee that is charged to an Account under the related Credit Card Agreement.

  • Program Fee As defined in the Fee Letter.

  • Processing Fee means in relation to a Transaction Summary delivered:

  • Discount Proceeds means, with respect to any B/A, an amount (rounded upward, if necessary, to the nearest Cdn.$.01) calculated by multiplying (a) the face amount of such B/A by (b) the quotient obtained by dividing (i) one by (ii) the sum of (A) one and (B) the product of (x) the Discount Rate (expressed as a decimal) applicable to such B/A and (y) a fraction of which the numerator is the Contract Period applicable to such B/A and the denominator is 365, with such quotient being rounded upward or downward to the fifth decimal place and .000005 being rounded upward.

  • Specified Discount Prepayment Response means the irrevocable written response by each Term Lender, substantially in the form of Exhibit K, to a Specified Discount Prepayment Notice.

  • Specified Discount Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Loan Origination Fee means the fee charged by the

  • Facility Fee has the meaning specified in Section 2.09(a).

  • Administration Fee means the fee payable to the Administrator pursuant to Section 3 of the Administration Agreement.

  • Discount Price means the product of (i) the price per share of Capital Stock sold in an Equity Financing and (ii) 100% less the Discount.

  • Discount Range Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Proposed Discounted Prepayment Amount has the meaning specified in Section 2.05(d)(ii).