Payment Facilitator definition

Payment Facilitator means a service provider or the Merchant registered by the Bank to facilitate the acquiring of Card Transactions by the Bank from the Submerchant under the Payment Facilitator Program Service;

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Payment Facilitator means a third-party agent that may do the following: Sign a merchant acceptance agreement on behalf of an acquirer;

Payment Facilitator. “Launchpay,” or “we” refers to Launchpay LLC.

Examples of Payment Facilitator in a sentence

PP pays to the Payment Facilitator pursuant to the Merchant Agreements, including this Agreement, and the Merchant Terms.
The Payment Facilitator shall cause the Sub-Merchants to comply with laws, regulations, and the Payment Facilitator Terms.
In addition, the Payment Facilitator shall notify the Sub-Merchants of the response of PPC regarding the inquiries.
The Payment Facilitator shall carry out business improvements for the Sub-Merchants or give guidance to the Sub-Merchants, or shall request the Sub-Merchants to conduct investigations or present reports or materials (collectively, an “Investigation, Etc.”) if the Payment Facilitator determines the foregoing to be necessary for the purposes prescribed in the preceding paragraph (including the case where the Payment Facilitator determines the foregoing to be necessary pursuant to a demand from PPC).
The Payment Facilitator shall, on behalf of PPC, collect and submit to PPC documents which PPC requests the Sub-Merchants to submit in connection with settlements by Cards if PPC so requests and the Payment Facilitator determines that implementing such requested matters is reasonably necessary.

More Definitions of Payment Facilitator

Payment Facilitator means a third party which facilitates payments, including without limitation, payment system infrastructure, communications, clearing and other payment service providers, and intermediary, agent and correspondent banks.

Payment Facilitator means an entity that is registered with a credit card system by an Acquirer to facilitate transactions on behalf of Sponsored Merchants, and receives settlement of transaction proceeds from the Acquirer on behalf of the Sponsored Merchants.

Payment Facilitator means an entity, which is contractually bound to a user to facilitate the payments the user initiates by using a stored value facility.27

Payment Facilitator means a payment service provider that offers payment facilitation services; “Payment instruction” means an order to make a payment or transfer funds;

Payment Facilitator means an entity that, for booking of the Eligible Properties advertised via the

Payment Facilitator means a business provider that provides the service of receiving payment via electronic card by receiving or sending electronic card payment transaction to an acquirer or another payment facilitator, as the case may be. Then the payment facilitator will pay for goods or services to a merchant, service provider or another payment facilitator, who has a mutual service agreement regarding electronic card payment as upon conditions.

Payment Facilitator means is a third-party agent that may (a) Sign a merchant acceptance agreement on behalf of an acquirer (b) Receive settlement of transaction proceeds from an acquirer, on behalf of a Merchant.