Merchant of Record definition

Merchant of Record or “MoR" means the entity that is responsible for processing purchases as identified at the time of purchase, which may differ by payment type, jurisdiction and Kiosk. "My World" means a repository that enables You to uninstall and reinstall on Your Handheld Product certain Software and Third Party Items You acquire through a RIME Store.
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Merchant of Record is the party formally recorded as conducting the payment transaction with an End-User Customer
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Merchant of Record means, except as otherwise agreed by the Parties, the entity that PayPal holds financially liable for all full and partial returns as well as any chargebacks initiated by the customer.
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Examples of Merchant of Record in a sentence

  • Fees collected from resellers for Transacted Approved Vendor Products will be paid monthly by Merchant of Record directly to Vendor at a Revenue Share of 80% to Vendor and 20% to HP.

  • NextPax does not (currently) take payments on behalf of the Merchant of Record.

  • If Passport is the Merchant of Record (“MOR”), Passport will remit the funds to Provider from the preceding month within fifteen (15) days of the conclusion of the month after netting out Passport’s fees and merchant processing fees.

  • Operator shall perform the functions and responsibilities as the Merchant of Record for the processing of all debit and credit card transactions for patrons of the Parking Facilities.

  • As Contractor is acting as the Merchant of Record, all funds that are processed through TPE will be deposited into an account owned by Contractor.


More Definitions of Merchant of Record

Merchant of Record means a Person collecting revenues and any other amounts (including amounts in respect of Taxes) from End Users or other parties on behalf of another Person with respect to any Travel Bookings of (or other transactions through a Travel Solution in respect of) Travel Products offered by such other Person.
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Merchant of Record means the corporation or other entity acting as merchant of record for a Transaction responsible for processing the Transaction and the payment associated with the Transaction.
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Merchant of Record means the entity that is responsible for charging and/or collecting payment from the Guest for a Booking, being the Property Manager or the Channel Partner.
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Merchant of Record or “MOR” means the entity, either Customer or a Third Party Customer, that engages in a transaction (regardless of whether a fee is charged to such Consumer) with a Consumer through the Content Direct System.
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Merchant of Record means an Affiliate of ours, whose name appears on the credit card charge and to whom the applicable credit card company shall reimburse for the amount of the credit card charge.
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Merchant of Record means the entity whose name appears on the credit card charge and to whom the applicable credit card company shall reimburse for the amount of the credit card charge.
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Merchant of Record including but not limited to and establishment of a merchant account with access to a payment gateway to accept payment, via the TouchPass Hosted Services, for all credit and debit card (“Bankcard”) payments.
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