Refund / Return definition
Refund / Return means a return of money from a payment transactions made with a Payment Card, initiated by the Customer or an Intermediary Institution, including in particular in connection with the Customer’s failure to authorize / give consent to the transaction, cancellation of earlier consent, inconsistency in the Customer’s data or payment account.
Refund / Return. Unsuccessful Card or eCheck Refund that is returned from the Card Issuer or financial institution because the Refund cannot be applied to the requested account.
Examples of Refund / Return in a sentence
POS Refund / Return Free We will charge you this fee in each instance where a transaction you initiate is refunded by the POS operator.
Your PORTL M purchase agreement is made up of the following documents: (i) PORTL Terms & Conditions; (ii) Software License Agreement; (iii) 1-Year Warranty; (iv) Privacy Policy; (v) Refund & Return Policy; (vi) Media Services & ▇▇▇▇; and the following terms and conditions set forth herein.