Processor Terms definition
Examples of Processor Terms in a sentence
Settlement Amounts will be paid to Merchant only if the Merchant Payment Account is active and in full compliance with this Terms and Conditions and the Processor Terms.
In the event of a discrepancy or contradiction between this Terms and Conditions and the Processor Terms, the Processor Terms shall prevail.
In the event of an inconsistency between any provision of any terms of this Terms and Conditions or of the Processor Terms and the Payment Card Network Rules, the Payment Card Network Rules shall prevail.
By registering, ▇▇▇▇▇▇▇▇ hereby authorizes Givex to take any action together with Processor to enable Merchant to use the Processing Services, all in accordance with and subject to applicable laws, this Terms and Conditions, and the Processor Terms.
However, Givex is not a party to the Processor Terms and is not liable to Merchant with respect to any Processing Services, which are provided solely by the Processor.
Givex may further require Merchant to provide additional information or documentation in order to ensure Merchant’s compliance with this Terms and Conditions, the Processor Terms, Payment Card Network Rules, applicable laws and regulations, and any terms applicable to the Merchant Payment Account, in which case Merchant shall promptly provide such required information or documentation.
For further details about the Processor and the acquiring bank, please review the Processor Terms.
Merchant’s failure to pay amounts owed to Givex under this Terms and Conditions, the Processor Terms, Payment Card Networks and/or any applicable law, is a breach, and Merchant will be liable for any costs Givex, Processor and/or the Payment Card Networks incur during collection in addition to the amount Merchant owes.
In order to use the GivexPay Services, Merchant, in addition to satisfying the other requirements detailed herein, hereby consents to and agrees to be bound by the Processor Terms and Conditions located at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇.▇▇▇/legal/terms-and- conditions (the “Processor Terms”), which are hereby incorporated by reference.
The Processor Terms and Conditions will continue to apply to the processing of Personal Data by the Processor as long as the Processor processes these data or has them processed by a third party.