sEction 2 — lEgal considErations Before offering a cash advance product to a merchant, there are several legal issues that should be considered. Set forth below is a brief discussion of the relevant legal issues.Product definition — loan vs. saleSome cash advance providers intentionally structure...
But what is a merchant cash advance? And more importantly, will getting one help or hurt your business in the long run? What is a merchant cash advance (MCA)? An MCA lets you borrow against your company’s future credit and debit card sales. You inquire with an MCA lender, get a lum...
An entity that contracts with merchant banks or ISOs to originate transactions. Terms from A-Z Search the CreditCards.com glossary for every credit-related term from "account holder" to "zombie debt." Select a letter for alphabetized terms and definitions. ...
Define Merchantilism. Merchantilism synonyms, Merchantilism pronunciation, Merchantilism translation, English dictionary definition of Merchantilism. n. 1. The theory and system of political economy prevailing in Europe after the decline of feudalism, ba
No Misuse of Refunds: EPP refund transactions may only be used for bona fide event refunds, and not for other activity such as money transfers, including cash advance transactions. Refunds Processed by Eventbrite: If you choose to remit funds back to us so that we can process refunds on your...
Top Definition forMerchant Reserves Merchant Reservesmeans cash and cash equivalents held by payment processors and related merchant banks on behalf of the relevant Person and its Subsidiaries which such Person and its Subsidiaries can, as of the relevant time, withdraw. ...
Definition and interpretation 1.1Definitions In these General Terms and Conditions of Merchant Contract,unless the context specifies otherwise, the following definitions have the meaning as follows. “Account”means the user account under the Grab Application on the mobile device and/or tablet, which is...
Latest version of the JSON entity definition is available onGitHub. Traits Traits for this entity are listed below. is.CDM.entityVersion ParameterValueData typeExplanation versionNumber"1.1"stringsemantic version number of the entity is.application.releaseVersion ...
The following definition will apply: “Affiliates” means any companies which are part of one or more ownership structures ultimately controlled by a common parent corporation or common shareholders; “Control” means, in relation to any legal person at any time, the power (whether directly or ind...
The definition that a particular credit card processing bank or the business category type in a region give to a “high risk business” might vary. There are some very risky businesses, some which are slightly risky and those that are clear. Here are some of the situations where a business...