Merchant Acquiring - General Terms & Conditions of ME Business

Reference: IDBIBANK/202603011810078049

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Description

MERCHANT ESTABLISHMENT GENERAL TERMS AND CONDITION (T&C) FOR CARD PAYMENTS These terms and conditions (hereinafter referred to as the “T&C”) apply to and regulate the provision of the Merchant Establishment Business of IDBI Bank (“Bank”) and transactions undertaken thereunder. Terms and Conditions mentioned herein below are to be read and understood in conjunction with the Merchant Processing Application Form as executed by Merchant Establishment (hereafter referred as "ME") in favour of IDBI Bank (hereafter referred as "Bank") for receiving payment processing facilities and services ("Services").These Terms and Conditions shall be in addition to and not in derogation to any other terms as stipulated by the Bank, from time to time. 1. Definitions In these Terms and Conditions, unless there is anything repugnant to the subject or context thereof, the following words/ expressions shall have the meaning as stated herein under: “Authorisation” means the process by which the Bank approves a Transaction as stipulated by the Bank from time to time and includes approval flashed on the electronic data capture machine or telephonic approval in absence of electronic data capture machine. “Business” means the business, Merchant Establishment is normally engaged into as stated in the schedule and no others. “Card” means a credit, debit or any other card issued by an Issuer. “Card Holder” means person to whom a card is issued or who is authorized to use that card. . “Card Organisation” includes VISA, MasterCard, RuPay and any other Card Organization offering credit, debit or any other card programmes to issuers . “Chargeback” means a transaction that is returned to the Bank by the issuer. “Chargeslip” means an electronic or paper record of a Transaction generated on the Premises using Equipment. “Equipment” means devises deployed by the Bank at ME's Premises for generating a Chargeslip such as electronic data capture terminals/mobile POS and equipment(s) for manual generation of

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Tender Details

• Published 01 Mar 2026
• Closing N/A