Payment Facilitator means a third-party agent that may do the following: Sign a merchant acceptance agreement on behalf of an acquirer;
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 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.
Examples of Payment Facilitator in a sentence
The Payment Facilitator shall receive its payment processing fee (e.g., credit card, PayPal, direct debit fees) (“Payment Processing Fee”).
To the extent we are able to procure favourable interchange rates from the Payment Facilitator, we will work with the Payment Facilitator to pass the benefits of the reduced rate to PMC.
PMC acknowledges and agrees that TrustedStays, Platform Partners, the Payment Facilitator, and any Strategic Partners are not responsible for paying or remitting any taxes to tax authorities that are imposed directly on, or are the liability of, PMC pursuant to any Applicable Law.
More Definitions of Payment Facilitator
Payment Facilitator means Payswiff, platform provider (includes Source Code and Object Code, any upgrades, modified versions, updates, and additions thereto, in any form and on any media including all fixes, updates, modifications, enhancements and new releases of the foregoing) in association with multiple payment brands acquiring banks, card scheme, switching solutions providers and nodal bank for the purpose of merchant on-boarding, device configuration, pricing configuration, payment processing, reconciliations and settlements for the transactions processed. This platform is governed by rules, regulations and the guidelines stipulated by all the parties associated in offering this solution and Reserve Bank of India.
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.
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 the entity that has contracted with PXP under a direct Payment Facilitator Agreement (as described in the applicable Tripartite Merchant Services Agreement);
Payment Facilitator means an entity that, for booking of the Eligible Properties advertised via the TrustedStays Platform: (a) acts as a third-party agent that receives a settlement of transaction proceeds from an acquirer; (b) is responsible to maintain a payment gateway account to process payments related to the booking of Properties; (c) negotiates and manages ongoing credit card processing fees; (d) is responsible for compliance with PCI-DSS and GDPR standards for handling cardholder information and other data security regulations; (e) manages refund requests and handles chargebacks; (f) utilizes its merchant ID to aggregate payment; and (g) takes on other actions and responsibilities as determined by the banks and credit card associations with jurisdiction over the relevant means of payment.
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;