Net Processing Volume definition
Net Processing Volume means the dollar amount of all settled card transactions processed, directly or indirectly, for the MERCHANT by the BANK as a result of the Services for any given month less the amount of all returns, daily discounts, and monetary adjustments for the same month.
Examples of Net Processing Volume in a sentence
MERCHANT agrees that BANK may, upon reasonable grounds, including but not limited to exceeding Net Processing Volume thresholds and Average Sales Ticket Amount thresholds, divert the disbursement of MERCHANT’S funds from any account MERCHANT has in ANY financial institution for any reasonable period of time required to investigate suspicious or unusual deposit activity.
MERCHANT must maintain a monthly Net Processing Volume of less than or equal to $5,000.00 U.S. dollars.