TPPP definition
Examples of TPPP in a sentence
We do not accept business accounts serving as a Third-Party Payment Processor (TPPP), including as a Third Party Sender (TPS).
We do not accept business accounts serving as a Third-Party Payment Processor (TPPP).
Certain Payment Schemes or TPPPs may require the Merchant to enter into a direct agreement with the Payment Scheme and/or the TPPP before the Merchant may use the relevant Payment Scheme.
Rolling Reserve(s) – an amount withheld by us from the funds received from the Payment Scheme or the TPPP as a security for Chargebacks, Assessments or Refunds (or any other amounts mentioned in the Deductions), and Merchant Service Fees due to each one of us, and held on the Reserve Account.
Should you want a drawdown facility from your SIPP, this will be set up by the TPPP.
We may subsequently replenish the Additional Collateral or instruct the TPPP to do so, from Payouts and funds due to the Merchant under this Agreement or require that the Merchant makes a payment to us for the amount required to replenish the Additional Collateral.
TPPP Rules – the collective set of rules, regulations, operating regulations, procedures and/or waivers of the TPPPs, as may be amended or supplemented over time, and with which the Merchant must comply when using the relevant Payment Method.
Cash transferred in will not be available for investment until the TPPP is satisfied the transfer is acceptable and the cash has been received.
If after such six (6) month period there is still a risk of more Deductions such as Chargebacks, Assessments, and Refunds, or other potential debt or liability, then we will have the right to withhold, or instruct the TPPP to withhold the funds until such risk is eliminated.
Where we execute a Transaction or a Refund in accordance with the data provided by the Merchant, the Transaction or Refund will be deemed to have been correctly executed by us, the TPPP and/or the Payment Scheme involved.