Split Sales definition
Split Sales refers to splitting a sales transaction by dividing the cost of a single transaction into two or more transactions, using a single Card/Account Holder account in an attempt by Merchant to circumvent authorization limits imposed in its merchant account agreement. “Subsidy Rate” shall refer to the amount which is required to be paid by MERCHANT to BDO in the manner provided under Section 20.b on Installment Plan which varies for each specified payment term.
Split Sales. Merchant avoid obtaining a single Authorization by preparing two or more transaction receipt (splitting the transaction).
Split Sales means any transactions made by the MERCHANT to the same Cardholder’s account which are covered by two or more sales slips with consecutive invoice or receipt serial numbers and the total amount of which exceeds the SPL in POS merchants of the establishment concerned.