Merchant Services Agreement
/ˈmɜːrtʃənt ˈsɜːrvɪsɪz əˈɡriːmənt/
Definitions
- (n.) A contract between a merchant and a payment processor detailing the terms for processing credit and debit card transactions.
The merchant services agreement outlines the fees and chargeback procedures for card payments.
Forms
- merchant services agreement
- merchant services agreements
Related terms
See also
Commentary
Often includes provisions on fee structures, liabilities, and security standards; drafters should clearly specify chargeback and dispute policies.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.