Purchase Transaction definition
Examples of Purchase Transaction in a sentence
You will earn Daily Cash on every Purchase Transaction posted to your Account as described below: Transaction type Daily Cash percentage Goods or services purchased directly from Apple.
For example, a Purchase Transaction at an Apple-owned retail store using Apple Pay would earn 3% Daily Cash, but would not also earn the 2% Daily Cash for Apple Pay transactions.
Daily Cash will be calculated based on the amount of each Purchase Transaction posted to your Account, multiplied by the above-listed percentage corresponding to the Transaction type.
If any Purchase Transaction is covered by more than one Transaction type, only the highest Daily Cash percentage will apply.
This may include requesting a refund of some or all of the Purchase Transaction amount.