Merchant Terminal definition
Merchant Terminal means the CARD CONNECT branded electronic funds transfer point of sale terminal, comprising an electronic card based system used for processing transactions through terminals at point of sale or a mobile terminal (may be used in conjunction with the User's mobile cellular phone where applicable), together with the CARD CONNECT Services, which terminal is more fully described in the Application Form;
Merchant Terminal means a device used by merchants to allow the purchase of goods or services from those merchants using a Debit Card.
Merchant Terminal means an electronic device for making payments by means of the Bank Card. receiving cash at ATMs and bank cash desks; payment for goods, works and services by means of trade terminals; receiving reference information on the bank card. «Blocking of the Bank Card» shall mean taking measures by the Bank to suspend or terminate the functioning of the bank card.
Examples of Merchant Terminal in a sentence
The following fees are payable as at the date of the Agreement: $18.00 per month or part month (plus GST) per Merchant Terminal record entered on the System (regardless of Transaction volume)1,2.
Merchant is required to initiate and reconcile one or more Summary Transactions for each Merchant Terminal each day.