Representment definition
Representment means a Transaction to reverse a Chargeback by the re-execution of the original Transaction, where you have successfully challenged the Chargeback;
Representment fee shall be charged in the event Credorax handles and disputes (including pre-arbitration) a Chargeback to the Card Scheme on behalf of Merchant. In the event that Merchant exceeds the thresholds (for MC >1.5% respectively for VISA >2%) for at least two (2) consecutive months, Credorax shall have the right to adjust the Chargeback fees. The percentages of the tiers refer to the “Chargebacks count/Transactions count” ratio in a calendar month. In the event that Merchant becomes a Chargeback-Monitored Merchant or an Excessive Chargeback Merchant (as defined under the Card Scheme Rules), additional Adjustments may be levied by the Card Schemes.
Representment means the process that allows a Merchant to dispute a Chargeback by presenting evidence to the Card Issuer that a Chargeback is not warranted.
Examples of Representment in a sentence
The Merchant will provide Worldpay with copies of such Transaction Data relating to any Transaction or Chargeback, Retro-Charge or Representment as Worldpay may request, in each case in such format as specified by Worldpay and within ten (10) days of such request.
More Definitions of Representment
Representment means a Return Transaction that was due to insufficient or uncollected funds that has been represented to Citizen’s depository financial institution at the request of the Agency.
Representment occurs when an Item that was returned unpaid is presented again by a merchant or other person for payment. The same Item may be presented for payment multiple times without prior notice to you. Each representment is considered a separate Item. “Business days” are Mondays through Fridays except Credit Union holidays. LGFCU posts its holiday schedule on the Holiday Closings page of its website (▇▇▇.▇▇▇▇▇.▇▇▇). All references to time are in Eastern time unless otherwise noted.
Representment means a procedure by which a disputed transaction (Chargeback) is returned to the Issuer.
Representment means a transaction to reverse a Chargeback by the re-execution of the original Transaction, where the Merchant has successfully challenged the Chargeback. (38) fi ” ” \ c “ ´ l ¡ b$ 1 # K’g Z _ B b v , b / _ | W Z ‡ “ M v , 8 :
Representment means a representment as set forth in Schedule A, Section 3.3.