Payment Facilitation Services definition

Payment Facilitation Services means facilitating the receipt of Sale Price on the Platform either along with Platform Services or otherwise (for example cash on delivery services).
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Payment Facilitation Services refers to the payment facilitation services performed by Mobicred for the Merchant in terms whereof: 2.22.1 Mobicred Account Holders will, when entering into Mobicred Transactions on the Website, be entitled to elect to discharge the Purchase Price by way of the utilisation of amounts available for access pursuant to their Credit Agreement; and 2.22.2 the Purchase Price will thereafter be discharged by Mobicred to the Merchant, for and on behalf of such Mobicred Account Holders, on the terms and subject to the conditions of this Agreement and the Credit Agreement.
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Payment Facilitation Services means the act of holding onto funds when offering payment services which includes switching, transmitting or processing payment instructions (including the delivery to and/or receipt of payment instructions) between system participants and merchants or customers and/or communicating transaction information between merchants, issuing banks, and the acquiring bank, as well as providing infrastructure and platform which allows other payment service providers to offer payment services;
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Examples of Payment Facilitation Services in a sentence

  • To the extent the Service Provider is unable to receive the Service Fees from the Payment Facilitation Services as aforesaid, the Merchant shall make all payments within ten (10) business days of receipt of the relevant invoice from the Service Provider.

  • Except for the facilitation of payment of sale consideration of the Product through the Payment Facilitation Services, the Service Provider and/or its Affiliates shall be entitled to retain any and all revenues generated from any sales or licenses of all such advertisements and promotions.

  • Except for the facilitation of payment of Order of the Product through Payment Facilitation Services, Service Provider and/or its Affiliates shall be entitled to retain any and all revenues generated from any sales or licenses of all such advertisements and promotions.

  • To the extent the Service Provider is unable to receive the Service Fees from the Payment Facilitation Services as aforesaid; the Merchant shall make all payments within ten (10) business days of receipt of the relevant invoice from the Service Provider.

  • Except for the facilitation of payment of sale consideration of the Product through Payment Facilitation Services, Service Provider and/or its Affiliates shall be entitled to retain any and all revenues generated from any sales or licenses of all such advertisements and promotions.

  • The sale and purchase transaction between Seller and the End Customer shall be a bipartite contract between them and Service Provider is merely facilitating the transaction between Seller and End Customer as an intermediary and a conduit by making available Service Provider Business and Payment Facilitation Services to Seller and End Customer.

  • The sale and purchase transaction between Vendor and the End Customer shall be a bi partite contract between them and Service Provider is merely facilitating the transaction between Vendor and End Customer as an intermediary and a conduit by making available Service Provider Business and Payment Facilitation Services to Vendor and End Customer.

  • The sale and purchase transaction between Merchant and the End Customer shall be a bi partite contract between them and Service Provider is merely facilitating the transaction between Merchant and End Customer as an intermediary and a conduit by making available Service Provider Business and Payment Facilitation Services to Merchant and End Customer.

  • In providing the Payment Facilitation Services, we will facilitate the processing of Payments carried out on your behalf, debit or charge the funds to your (Buyer’s) payment instrument and credit funds to a Seller (the “Payment Transaction”).

  • Any complaints about the Payment Facilitation Services should be addressed to us in the first instance by contacting ▇▇▇▇▇’s Customer Support.


More Definitions of Payment Facilitation Services

Payment Facilitation Services means services that facilitate acceptance of Cards and APM, including facilitating provision of Acquiring Services;
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Related to Payment Facilitation Services

  • Education Services means training services performed or delivered by Company.

  • Collection Services means all of the duties and obligations of the Contractor hereunder.

  • Distribution Services means the service of distribution, as defined in section 5 of the Act;

  • Interconnection Service(s) means any Interconnection, Resale Services, 251(c)(3) UNEs, Collocation, functions, facilities, products or services offered under this Agreement.

  • Implementation Services means the supply, configuration and programming of Customer Equipment and/or Services and training where set out in an Order.