Merchant Statement means an itemized monthly statement of all charges and credits to the Operating Account (as that term is defined in Section 5 of this Agreement).
Merchant Statement means an itemized daily and monthly statement of all charges and credits to the Bank Account.
Merchant Statement means an itemized monthly statement of all charges and credits to the Operating Account (as that term is defined in Section 5 of this Agreement). “Monthly Chargeback Violation,” for any given calendar month, means that more than five Chargebacks have been processed in that month and that the Transaction Chargeback Ratio for that month is equal to or greater than 1%.
Examples of Merchant Statement in a sentence
All information appearing on the Merchant Statement shall be deemed accurate and affirmed by Merchant unless Merchant objects by written notice specifying the particular item in dispute within 30 days of the date of the Merchant Statement.
More Definitions of Merchant Statement
Merchant Statement means an itemized statement of all charges and credits to the Settlement Account (as that term is defined in Section 14 of this Agreement).
Merchant Statement meansan itemized monthlystatement ofall charges and credits to the Operating Account (as that term is defined in Section 5 of thisAgreement).
Merchant Statement means the statement indicating the amounts due to us by you and showing all the Transactions we have settled over a period;
Merchant Statement means an itemized monthly statement of all charges and credits to the Operating Account.
Merchant Statement means an itemized monthly statement of all charges and credits to the Operating Account (as that term is defined in Section 5 of this Agreement). “MonthlyChargebackViolation,” for any given calendar month, means that more than five Chargebacks have been processed in that month and that the Transaction Chargeback Ratio for that month is equal to or greater than 1%. “Mid-Qualified Transactions” means any Transaction categorized as such by the processor designated by Bank to settle Transactions with the Associations “Non-Qualified Transactions “means: (i) any Transaction submitted for processing more than 48 hours past the time the Authorization occurred;(ii) any Transaction missing required data; and (iii) any Transaction categorized as such by the processor designated by Bank to settle Transactions with the Associations. “Normal Transaction” means a Transaction in which the Card is swiped through or dipped in a terminal, register or other device, capturing the Card information encoded on the Card’s magnetic strip. “Pre-Authorized Recurring Order Transaction” means a Transaction that has been preauthorized by the Cardholder and for which the goods or services are to be delivered or performed in the future by Merchant without having to obtain approval from the Cardhold- er each time. “Qualified Transactions” means any Transaction categorized as such by the processor designated by Bank to settle Transactions with the Associations. “Rules” means all rules, regulations, by-laws, standards and procedures adopted and/or amended from time to time by the Associations (including, without limitation, the Payment Card Industry Data Security Standard), Bank and each relevant Issuer. “Services”means the transaction processing services described on the attached Schedule A,as the same may be amended from time to time by Bank, in its sole discretion. “Transaction” means the acceptance of a Card or information embossed on the Card for payment for goods sold and/orleased or services provided to CardholdersbyMerchantand receipt of payment from Bank,whetherthe Transaction is approved,declined,or processed as a Forced Sale. The term “Transaction” also includes credits, errors, returns and adjustments. “TransactionChargebackRatio,”for any given calendar month, means the number of Charge backs processed in that month divided by the total number of Transactions processed in that month.
Merchant Statement means the statement indicating the amounts due by the Merchant to Standard Bank and reflecting all batches of Transactions processed by Standard Bank in a particular month;