Define: Payment Solution
Payment Solution means an online system that facilitates and authorizes transactions between entities, through various permissible payment methods
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Payment Solution means an online system that facilitates and authorizes transactions between entities, through various permissible payment methods.
Relevant Circumstances
- When dealing with online transactions
- When facilitating B2B or B2C payments
- When setting up an online marketplace