Common use of NETTING OF TRANSACTIONS Clause in Contracts

NETTING OF TRANSACTIONS. CUSTOMER acknowledges that all transactions between CUSTOMER and PROCESSOR under this Agreement, except assessment of fees, shall be treated as a single transaction for purposes of settlement between CUSTOMER and PROCESSOR.

Appears in 8 contracts

Sources: Ach Origination Terms and Conditions, Ach Origination Agreement, Merchant Application and Ach Origination Agreement