Merchant Refund definition

Merchant Refund means a refund by a Merchant through the System to a Cardholder of all or some of the money received by that Merchant from that Cardholder for payment of goods or services which has previously been effected by virtue of a Valid Transaction.
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Merchant Refund means a refund by a Merchant through the System to a Cardholder of all or some of the money received by that Merchant from that Cardholder for payment of goods or services which has previously been effected by virtue of a Valid Transaction. mPOS means mobile payment application within a mobile device (smartphone, tablet, PDA’s) that connects to a Terminal via the audio/USB port or Bluetooth, as offered by Bank to the Merchant in conjunction with a Merchant Account.
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Examples of Merchant Refund in a sentence

  • Merchant should select Refund transaction type and use their Merchant Refund Card.

  • EFTPOS terminal returns to idle screen ready for next transactionREFUNDMerchants are enabled for refund transactions and provided a Merchant Refund Card by their merchant bank.

  • EFTPOS terminal returns to idle screen ready for next transaction RefundMerchants are enabled for refund transactions and provided a Merchant Refund Card by their merchant bank.

  • Please note:It is important that each Merchant takes responsibility for storing and securing their Merchant Refund Card.It is important that refunds are processed against the same Merchant who processed the original purchase.

  • This transaction transfers funds from the merchant’s account to the cardholder’s account.To perform a REFUND transaction, follow the steps below:NOTE: The merchant requires a Merchant Refund Card to perform a refund transaction.

  • Table 2 Recordings Length of recordingsSSEEESin minutes13-308-3210-37Mean length in minutes20.5215.1220.37 SS=Swedish families, EE=Estonian families in Estonia, ES=Estonian families in Sweden.

  • EFTPOS terminal returns to idle screen ready for next transaction TRANSACTIONS OVERVIEW RefundMerchants are enabled for refund transactions and provided a Merchant Refund Card by their merchant bank.

Related to Merchant Refund

  • Merchant Account means any account with an Acquirer or other Financial Institution, service provider, Payment Processor, ISO, or other entity that enables an individual, a business, or other organization to accept payments of any kind.

  • Cardholder means a person authorized to use a Card.

  • Merchant means a person who is authorized under a written contract with 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 charitable contribution.

  • Customer Account Information means personally identifiable information including Personal Data and Consumption Data. Customer Account Information also includes information received by the Company from the customer for purposes of participating in regulated utility programs, including, but not limited to bill pay assistance, shutoff protection, renewable energy, demand-side management, load management, or energy efficiency.

  • Account Information means any information relating to the Account including without limitation to the Account number, Account balance or value, gross receipts, withdrawals and payments to or from the Account.

  • ACH means automated clearing house transfers.

  • Additional Cardholder means the person you have authorised to use a prepaid card connected to your account, who you agree is authorised to undertake transactions on your behalf and who is also subject to these terms and conditions