Merchant Refund definition

Merchant Refund means a refund by a Merchant through the System to a Cardholder of all or some of the money received by that Merchant from that Cardholder for payment of goods or services which has previously been effected by virtue of a Valid Transaction.
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Merchant Refund means a refund by a Merchant through the System to a Cardholder of all or some of the money received by that Merchant from that Cardholder for payment of goods or services which has previously been effected by virtue of a Valid Transaction. mPOS means mobile payment application within a mobile device (smartphone, tablet, PDA’s) that connects to a Terminal via the audio/USB port or Bluetooth, as offered by Bank to the Merchant in conjunction with a Merchant Account.
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Examples of Merchant Refund in a sentence

  • Merchant should select Refund transaction type and use their Merchant Refund Card.

  • EFTPOS terminal returns to idle screen ready for next transactionREFUNDMerchants are enabled for refund transactions and provided a Merchant Refund Card by their merchant bank.

  • That work involves sophisticated techniques of monitoring and investigation, and it requires officers constantly to make judgments about the prioritisation of resources.

  • Please note:It is important that each Merchant takes responsibility for storing and securing their Merchant Refund Card.It is important that refunds are processed against the same Merchant who processed the original purchase.

  • This transaction transfers funds from the merchant’s account to the cardholder’s account.To perform a REFUND transaction, follow the steps below:NOTE: The merchant requires a Merchant Refund Card to perform a refund transaction.

  • EFTPOS terminal returns to idle screen ready for next transaction TRANSACTIONS OVERVIEW RefundMerchants are enabled for refund transactions and provided a Merchant Refund Card by their merchant bank.

  • There is a reasonable certainty that no harm will result from aggregate exposure to the U.S. population, including infants and children, to residues of the Trichoderma gamsii strain ICC 080 in or on all food and feed commodities.

Related to Merchant Refund

  • Merchant Account means an account used to submit credit card or debit card transactions or process credit card or debit card transactions.

  • Customer Deposits means at any time, the aggregate amount at such time of (a) deposits made by customers with respect to the purchase of goods or the performance of services and (b) layaway obligations of the Borrowers.

  • Processing Fees means all routine, generally applicable City-wide fees required by the City for processing applications and permits including, but not limited to, fees for land use applications, building applications, building permits, and certificates of occupancy.

  • Payment Information means any details required for the purchase of Services from this Website. This includes, but is not limited to, credit / debit card numbers, bank account numbers and sort codes;

  • Cardholder means the individual named on the card to whom the Card is issued by the Bank;

  • processing aid means any substance not consumed as a food ingredient by itself, intentionally used in the processing of raw materials, foods or their ingredients, to fulfil a certain technological purpose during treatment or processing and which may result in the unintentional but technically unavoidable presence of residues of the substance or its derivatives in the final product, provided that these residues do not present any health risk and do not have any technological effect on the finished product;

  • Inadvertent Interchange means the difference between net actual energy flow and net scheduled energy flow into or out of the individual Control Areas operated by PJM.

  • Merchant means a company, firm or other organisation accepting either all Cards as a means of payment for goods and/or services or at least one type of Card for business to business transactions.

  • Cardholder Data has the meaning defined by the PCI Security Standards Council, Payment Card Industry (PCI) Data Security Standard (DSS) and Payment Application Data Security Standard (PA-DSS), Glossary of Terms, Abbreviations, and Acronyms, Version 3.0, January 2014, currently available online at: xxxxx://xxx.xxxxxxxxxxxxxxxxxxxx.xxx/documents/PCI_DSS_Glossary_v3.pdf. For the term of this Contract, Contractor will maintain a provisional Authority to Operate (ATO) at the Moderate Level from the Federal Risk and Authorization Management Program (FedRAMP) Joint Authorization Board (JAB) or Federal Agency for any and all Cloud Services provided under this Contract. For the term of this Contract, Contractor will maintain an ISO 27001 Certification for any and all Cloud Services provided under this Contract.

  • Customer Account Information means personally identifiable information including Personal Data and Consumption Data. Customer Account Information also includes information received by the Company from the customer for purposes of participating in regulated utility programs, including, but not limited to bill pay assistance, shutoff protection, renewable energy, demand-side management, load management, or energy efficiency.

  • Account Information means any information relating to the Account including without limitation to the Account number, Account balance or value, gross receipts, withdrawals and payments to or from the Account.

  • ACH means automated clearing house transfers.

  • Trade Accounts Payable means accounts payable or other obligations of the Company or any Restricted Subsidiary to trade creditors created or assumed by the Company or such Restricted Subsidiary in the ordinary course of business in connection with the obtaining of goods or services.

  • Processing Fee means in relation to a Transaction Summary delivered:

  • REP means a retail electric provider as defined in Section 31.002(17) of the Utilities Code and shall include any REP that acts as the provider of last resort.

  • Additional Cardholder means the person you have authorised to use a prepaid card connected to your account, who you agree is authorised to undertake transactions on your behalf and who is also subject to these terms and conditions

  • Information processing system means an electronic system for creating, generating, sending, receiving, storing, displaying, or processing information.

  • Account Records is defined in Section 1(a)(i) of the Administration Agreement.

  • Public School Student Accessing Courses at a Distance means a student who is scheduled for a full course load through the District and attends all classes virtually.

  • Cardholder Information means any non-public, sensitive information about a Cardholder, including any combination of Cardholder name plus the Cardholder’s social security number, driver’s license or other identification number or credit or debit card number, or other bank account number.

  • Cardholder(s) persons authorized to use Association or Network branded cards.

  • account information service means an online service to provide consolidated information on one or more payment accounts held by the payment service user with either another payment service provider or with more than one payment service provider;

  • Merchant lessee means a lessee that is a merchant with respect to goods of the kind subject to the lease.

  • Account Receivable means, with respect to any Person, any right of such person to payment for goods sold or leased or for services rendered, whether or not evidenced by an instrument or chattel paper and whether or not yet earned by performance.

  • Excluded Receivables means, as of any date of determination, all accounts receivable referred to in Item 1 of Schedule 7.01.

  • Customs Broker/Carrier Agreement means an agreement in form and substance satisfactory to the Agent among a Loan Party, a customs broker, freight forwarder, consolidator, or carrier, and the Agent, in which the customs broker, freight forwarder, consolidator, or carrier acknowledges that it has control over and holds the documents evidencing ownership of the subject Inventory for the benefit of the Agent and agrees, upon notice from the Agent, to hold and dispose of the subject Inventory solely as directed by the Agent.