Multiple Purchases definition
Multiple Purchases means two or more purchases made by a Card/Account Holder using the same card on the same day or consecutive days with or without Card/Account Holder’s consent, with or without the required authorization from BDO. “Net Deposit of MERCHANT” shall refer to the amount which is required to be paid to MERCHANT by BDO in the manner provided under Section 6 which is equivalent to the total sales as indicated in the Settlement for electronically processed transactions less: (i) any credit/refunds or discounts granted to Card/Account Holders by MERCHANT, if any, (ii) the discount due to BDO equivalent to a percentage (%) of the total sales , (iii) applicable taxes, (iv) any chargeback under Section 9, (v) adjustments and/or reversals by BDO, (vi) penalties or any unpaid amounts of MERCHANT to BDO.
Multiple Purchases means two or more purchases made by a Cardholder using the same card on the same day or consecutive days with or without Cardholder’s consent, with or without the required authorization from BDO. “Net Deposit of MERCHANT” shall refer to the amount which is required to be paid to MERCHANT by BDO in the manner provided under paragraph 6 which is equivalent to the Grand Total Sales as indicated in the Settlement Slip for electronically processed transactions or the Total Credit Sales as indicated in the Sales Summary Sheet for manually processed transactions less: (i) any credit/refunds or discounts granted to Cardholders by MERCHANT, if any, (ii) the discount due to BDO equivalent to a percentage (%) of Grand Total Sales or Total Credit Sales, (iii) applicable taxes, (iv) any chargeback under paragraph 9, (v) adjustments and/or reversals by BDO, (vi) penalties or any unpaid amounts of MERCHANT to BDO. “No Signature Program” refers to a process where Cardholders need not sign the Sales Slip based on certain conditions prescribed by the Card Brands. This program shall only be limited to EDC and face-to-face card transactions with an assigned maximum amount as specified in Section 5.d hereof.