Timeshare transaction definition
Timeshare transaction means an arrangement under which a purchaser receives an interest in real estate and the right to use an accommodation or amenities, or both, for a specified period and on a recurring basis. Any transaction meeting this definition may be considered as Timeshare and will be subjected to the International Payment System's regulations on Timeshare transactions. For the purpose of the Merchant Agreement and these Terms and Conditions, 'International Payment System' shall mean Visa International, Europay/ MasterCard, Amex and/or any other card scheme as may be applicable to the Merchant from time to time. A Timeshare Merchant must provide a full credit refund for a previously processed CNP Transaction when the Cardholder cancels a transaction within 14 calendar days of the original transaction date.
Timeshare transaction means an arrangement under which a purchaser receives an interest in real estate and the right to use an accommodation or amenities, or both, for a specified period and on a recurring basis. Any Transaction meeting this definition may be considered as Timeshare and will be subjected to the International Payment System's regulations on Timeshare Transactions. For the purpose of the Merchant Agreement and these Terms and Conditions, 'International Payment System' shall mean Visa International, Europay/ MasterCard, Amex and/or any other Card Scheme as may be applicable to the Merchant from time to time. A Timeshare Merchant must provide a full credit refund for a previously processed CNP Transaction when the Cardholder cancels a Transaction within 14 calendar days of the original Transaction date.
Timeshare transaction means an arrangement under which a purchaser receives an interest in real estate and the right to use an accommodation or amenities, or both, for a specified period and on a recurring basis. Any transaction meeting this definition may be considered as Timeshare and will be subjected to the International Payment System’s regulations on Timeshare transactions. For the purpose of the Merchant Agreement and these Terms and Conditions, ‘International Payment System’ shall mean Visa International, Europay/ MasterCard, Amex and/or any other card scheme as may be applicable to the Merchant from time to time. A Timeshare Merchant must provide a full credit refund for a previously processed CNP Transaction when the Cardholder cancels a transaction within 14 calendar days of the original transaction date.