Payment Processing means providing a Person, directly or indirectly, with the means used to charge or debit accounts through the use of any payment mechanism, including, but not limited to, Remotely Created Payment Orders, Remotely Created Checks, ACH Debits, or debit, credit, prepaid, or stored value cards. Whether accomplished through the use of software or otherwise, Payment Processing includes, among other things: (a) reviewing and approving merchant applications for payment processing services; (b) providing the means to transmit sales transaction data from merchants to acquiring banks or other financial institutions; (c) clearing, settling, or distributing proceeds of sales transactions from acquiring banks or financial institutions to merchants; or (d) processing Chargebacks or returned Remotely Created Payment Orders, Remotely Created Checks, or ACH Debits.
Payment Processing means providing a person with the means to charge or to debit an account through a payment mechanism, including a Remotely Created Payment Order, an ACH Debit, or a debit, credit, prepaid, or stored value card. Payment processing includes reviewing and approving a merchant application for payment processing services; providing the means to transmit sales transaction data from a merchant to an acquiring bank or to another financial institution; clearing, settling, or distributing a proceed of a transaction from an acquiring bank or from a financial institution to a merchant; or processing a chargeback or returned Remotely Created Payment Order or ACH Debit.
Payment Processing means transmitting sales transaction data on behalf of a Merchant or providing a Person, directly or indirectly, with the means used to charge or debit accounts through the use of any payment method or mechanism, including, but not limited to, credit cards, debit cards, prepaid cards, stored value cards, ACH debits, remotely created payment orders, and remotely created checks. Whether accomplished through the use of software or otherwise, Payment Processing includes, among other things: (a) reviewing and approving Merchant applications for Payment Processing services; (b) transmitting sales transaction data or providing the means to transmit sales transaction data from Merchants to Acquirers or other Financial Institutions; (c) clearing, settling, or distributing proceeds of sales transactions from Acquirers or Financial Institutions to Merchants; or (d) processing chargebacks or returned remotely created payments orders or ACH debits.
Examples of Payment Processing in a sentence
Contractor will charge $1.00 per eCheck/ACH transaction as the Electronic Payment Processing Fee regardless of the purchase amount.
Payment Processing Services – Contractor will provide Agency with credit card payment processing services for any credit or debit card with the Visa, Discover, MasterCard or American Express logo.
Contractor will charge Electronic Payment Processing fees of 1.995% for agencies that choose exclude American Express, accepting only Visa, MasterCard, and Discover.
Payment Processing We may delay the availability of credit until we confirm that your payment has cleared.
In addition to the Electronic Payment Processing fees contractor will charge $1.25 per transaction as the transaction fee, added to total payment if paid via a credit/debit card.
More Definitions of Payment Processing
Payment Processing means facilitating payments on Debts owed or due or asserted to be owed or due another, or Debts purchased from another.
Payment Processing means transmitting sales transaction data on behalf
Payment Processing. All payments received by CAPCO will be applied to CLIENT’s Outstanding Balance daily following a 1 (One) business day hold to allow for the application of collected funds. Is replaced by:
Payment Processing. All payments received by CAPCO will be applied to CLIENT’s Outstanding Balance daily following a 3 (Three) business day hold to allow for the application of collected funds. Funds received via wire transfer will be applied the day after receipt. In the event CLIENT has fully paid all amounts due CAPCO under this agreement including but not limited to fees, expenses and advances, CAPCO agrees to promptly remit any funds collected in excess of the amounts due to CAPCO to CLIENT at CLIENT’s request. At CLIENTS request (and subject to payment of all amounts fees due to CAPCO) CAPCO agrees to promptly terminate the agreement and re convey all right title and interest in the Accounts to CLIENT. In the event CLIENT notifies CAPCO of its intention to terminate the agreement and CAPCO has been fully paid all amounts due CAPCO, said notice of termination shall not be considered an event of default.
Payment Processing means transmitting sales transaction data on behalf of a Merchant or providing a Person, directly or indirectly, with the means used to charge or debit accounts through the use of any payment method or mechanism, including credit cards, debit cards, prepaid cards, and stored value cards. Whether accomplished through the use of software or otherwise, Payment Processing includes, among other things:
Payment Processing means the process for funding Sub-merchant’s customer’s sales transactions, as more fully described in Attachment A.
Payment Processing means providing a Person, directly or indirectly, with the means used to charge or debit accounts through the use of any payment mechanism, including, but not limited to, Remotely Created Payment Orders, Remotely Created Checks, ACH Debits, or debit, credit, prepaid, or stored value cards. Whether accomplished through the use of software or otherwise, Payment Processing includes, among other things: (a) reviewing and approving merchant applications for payment processing services; (b) providing the means to transmit sales transaction data from merchants to acquiring banks or other financial institutions;