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Bulk Purchase Agreement means the agreement between the Authority and the Bulk Purchase Contractor, together with all appendices and amendments thereto, if any, for the purchase by the Bulk Purchase Contractor of up to ten thousand (10,000) Tons of Product produced pursuant to the Agreement, and under which the Bulk ...
Bulk Contract means those Contracts with Commercial Customers that provide for provision of services to all units in the Property owned by the Commercial Customer and a monthly payment to Borrower from such Commercial Customer covering all units in the Property regardless of whether the Consumer Customer or resident in ...
Simply speaking, an ISO?or Independent Sales Organization?is a third-party payment processing company that is authorized to handle merchant accounts for businesses. ISOs have relationships with acquiring member banks, and this allows them to provide merchant services to their customers.
Buying in bulk means buying large quantities of one item at once for a reduced overall cost per item. For example, you buy ten boxes of batteries together for a fraction of their individual sale price. Or you purchase oversized boxes of cereal for a lower cost per ounce than a smaller size box of cereal.
Bulk purchasing or mass buying is the purchase of much larger quantities than the usual, for a unit price that is lower than the usual. Wholesaling is selling goods in large quantities at a low unit price to retail merchants.
Bulk buying refers to the purchase of multiple quantities of product in exchange for a lower price per unit. Retailers or consumers based on their need can make this type of purchase. Amazon, Amazon Business, and big-box stores are examples of where you can buy in bulk.
An ISO agreement outlines the terms and conditions of the relationship between the ISO and the processing company, including the services that the ISO will provide to merchants which can include equipment deployment, sales, training and customer service, the fees that the processing company will pay for those services, ...