Merchant Transaction Fee definition

Merchant Transaction Fee means the fee the Customer is charged per transaction by Vexen;
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Merchant Transaction Fee is the fee per transaction paid to an OTR Fleet Card issuer by a Truck Stop or other merchant in connection with a transaction in which a purchaser presents that OTR Fleet Card for payment at the merchant’s location.
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Examples of Merchant Transaction Fee in a sentence

  • Account Payments will first be distributed to Company to pay any fees, including the Merchant Transaction Fee, and then the balance to Merchant.

  • Company shall arrange for payment to be remitted to Merchant after deducting the Merchant Transaction Fee and any other applicable fees, plus any sales or use taxes that may be due from or assessed against Merchant or the Company thereon from Accounts Payments.

  • Merchant is assessed a Merchant Transaction Fee by Company on all EZPay™ Plans, E-Invoices and PayNow Account Payment paid by a Customer based on the Subscription level selected.

  • Nothing in Paragraphs 26 of this Settlement Agreement shall limit the ability of Comdata to, in its own sole discretion, set Merchant Transaction Fee rates, whether default rates or rates applicable to individual Settlement Class Members, groups of Settlement Class Members, or Buying Groups.

  • Company shall arrange for payment to be remitted to Merchant after deducting the Merchant Transaction Fee and any other applicable fees, plus any applicable sales or use taxes that may be due from or assessed against Merchant or the Company thereon from Accounts Payments.

  • If Vexen does not furnish the Customer with the mentioned statement, Vexen shall not be deemed to have waved the Merchant Transaction Fee.

  • Notwithstanding the foregoing, the exercise of good faith by Comdata shall not impose an obligation on Comdata to provide a discounted Merchant Transaction Fee rate to some or all of the Buying Groups or their members, but if a discounted Merchant Transaction Fee rate is provided by Comdata to the membership of any Buying Group, such discounted Merchant Transaction Fee rate and any other accompanying commercial terms shall be memorialized in a separate agreement with the Buying Group.

  • Vexen reserves the right to change the Merchant Transaction Fee from time to time, based on the CPI.

  • Merchant is assessed a Merchant Transaction Fee by Company on all EZPay™ Plans, E-Invoices, Ortho Plans and PayNow Account Payment paid by a Customer based on the Subscription levelselected.

  • Comdata agrees that for a period of five (5) years from the Preliminary Approval Date, it will not include or enforce in any Merchant Services Agreement with any Major Chain a provision that would require that Major Chain to pay to Comdata a Merchant Transaction Fee that is equal to or greater than the highest Merchant Transaction Fee paid by that Major Chain to any other competing OTR Fleet Card supplier.