Charges in a Foreign Currency a. If an Account User makes a Charge in a currency other than the Billing Currency, or if we receive a refund in a currency other than the Billing Currency, that Charge or refund will be converted into the Billing Currency. The conversion will take place on the date the Charge or refund is processed by us, which may not be the same date on which the Charge was made, or the date of the refund, as it depends on when the Charge or refund was submitted to us. If the Charge or refund is not in U.S. dollars, the conversion will be made through U.S. dollars, by converting the Charge or refund amount into U.S. dollars and then by converting the U.S. dollar amount into the Billing Currency. If the Charge or refund is in U.S. dollars, it will be converted directly into the Billing Currency.
b. Unless a specific rate is required by applicable law, or is used as a matter of local custom or convention in the territory where the Charge or refund is made (in which case we will look to be consistent with that custom or convention),You understand and agree that the American Express treasury system will use conversion rates based on interbank rates that it selects from customary industry sources on the business day prior to the processing date (the “American Express Exchange Rate”), to which a fee of 2.99% for Dollar and 2.7% for Euro will be applied, for all Cards except (i) the vPayment Account to which a fee of 1.0% will be applied; (ii) Business Travel Account to which a fee of 2.3% will be applied; and (iii) the Corporate Purchasing Card and Corporate Purchasing Account to which a fee of 2.99% will be applied, or as otherwise disclosed by us.
c. When an Account User makes a Charge in a foreign currency, they may be given the option of allowing a third party (for example, the merchant) to convert the Charge into the Billing Currency before submitting it to us. If Charges are converted by third parties prior to being submitted to us, any conversions made by those third parties will be at rates set by such third parties and may include a commission or charge selected by them. In such cases, we will consider the transaction as a Billing Currency transaction and accept the conversion performed by the third party without charging a conversion fee. You may however be liable for a conversion fee charged by the third parties. Please ask them for details of any fees they apply.
d. The American Express Exchange Rate is set daily between Monday and Friday, except Christmas Day and...
Charges in a Foreign Currency a. If an Account User makes a Charge in a currency other than the Billing Currency, that Charge will be converted into the Billing Currency. The conversion will take place on the date the Charge is processed by us, which may not be the same date on which the Charge was made as it depends on when the Charge was submitted to us.
b. Unless a specific rate is required by applicable law, You understand and agree that the American Express treasury system will use conversion rates based on interbank rates that it selects from customary industry sources on the business day prior to the processing date (the “American Express Exchange Rate”).
c. If Charges are converted by third parties prior to being submitted to us, any conversions made by those third parties will be at rates set by such third parties and may include a commission selected by them. In such cases, we will consider the transaction as a Billing Currency transaction and accept the conversion performed by the third party without charging a conversion fee. You may however be liable for a conversion fee charged by the third party. Please ask them for details of any fees they apply.
d. The American Express Exchange Rate is set daily. Any changes in the American Express Exchange Rate will be applied immediately and without notice. The rate charged is not necessarily the rate available on the date of the transaction as the rate applicable is determined by the date on which the Merchant, Travel Booking Provider or ATM operator submits a Charge to us which may not be the date on which the transaction is authorised. Fluctuations can be significant.
Charges in a Foreign Currency a. If a Charge is submitted to us or transacted on the Account in a currency other than the Card Currency, or if we receive a refund in a currency other than the Card Currency, that Charge or refund will be converted into the Card Currency using the Numarqe Exchange Rate, to which amount to which a non-Card Currency transaction fee will be applied. The conversion will take place on the date the Charge or refund is processed by us, which may not be the same date as that on which you or the relevant Cardmember authorised the Charge or the date of the refund.
b. Unless a specific rate is either required by applicable law, you agree that the Numarqe Exchange Rate will be applied for all purposes.
c. When you make a Charge in a foreign currency, you may be given the option of allowing a third party (for example, the merchant) to convert the Charge into the Card Currency before submitting it to us. It is your decision whether to use the third-party currency conversion or not. If Charges are converted by third parties prior to being submitted to us, any conversions made by those third parties will be at an exchange rate, and may include a commission or charge, selected by them. Since a Charge converted via the third party will be submitted to us in the Card Currency, we will not apply a non-Card Currency transaction fee.
d. The Numarqe Exchange Rate is set daily between Monday and Friday, except Christmas Day and New Year’s Day. You agree that any changes in the Numarqe Exchange Rate will be applied immediately and without notice. The rate charged is not necessarily the rate available on the date of your transaction or refund as the rate applicable is determined by the date on which the Merchant submits a Charge or refund. Fluctuations can be significant. The Numarqe Exchange Rate may be found by logging onto your online account to access the Foreign Transaction Calculator.
Charges in a Foreign Currency a. If an Account User makes a Charge in a currency other than the Billing Currency, or if we receive a refund in a currency other than the Billing Currency, that Charge or refund will be converted into the Billing Currency. The conversion will take place on the date the Charge or refund is processed by us, which may not be the same date on which the Charge was made, or the date of the refund, as it depends on when the Charge or refund was submitted to us. If the Charge or refund is not in U.S. dollars, the conversion will be made through U.S. dollars, by converting the Charge or refund amount into U.S. dollars and then by converting the U.S. dollar amount into the Billing Currency. If the Charge or refund is in U.S. dollars, it will be converted directly into the Billing Currency.
b. Unless a specific rate is required by applicable law, or is used as a matter of local custom or convention in the territory where the Charge or refund is made (in which case we will look to be consistent with that custom or convention), You understand and agree that our rate setting affiliate, AE Exposure Management Limited, will use conversion rates based on interbank rates selected from customary industry sources on the business day prior to the processing date. This is called the “American Express Exchange Rate”, to which a fee of 2.99% for non- Dollar and 2.7% for non-Euro will be applied, for all Cards except: (i) the vPayment Account to which a fee of 1.0% will be applied; (ii) the Business Travel Account to which a fee of 2.5% will be applied, except for non-Euro transactions in the following currencies only: Swiss franc, Hungarian forint, Czech koruna, Danish krone, Swedish krona, Romanian leu, Polish zloty, Norwegian krone, Bulgarian lev, and Icelandic krona to which the fee of 2.5% will be waived; and (iii) the Corporate Purchasing Account to which a fee of 2.99% will be applied.
c. When an Account User makes a Charge in a foreign currency, they may be given the option of allowing a third party (for example, the merchant) to convert the Charge into the Billing Currency before submitting it to us. If Charges are converted by third parties prior to being submitted to us, any conversions made by those third parties will be at rates set by such third parties and may include a commission or charge selected by them. In such cases, we will consider the transaction as a Billing Currency transaction and accept the conversion performed by the third party without charging a con...
Charges in a Foreign Currency a. If an Account User makes a Charge in a currency other than the Billing Currency, or if we receive a refund in a currency other than the Billing Currency, that Charge or refund will be converted into the Billing Currency. The conversion will take place on the date the Charge or refund is processed by us, which may not be the same date on which the Charge was made, or the date of the refund, as it depends on when the Charge or refund was submitted to us. If the Charge or refund is not in U.S. dollars, the conversion will be made through U.S. dollars, by converting the Charge or refund amount into U.S. dollars and then by converting the U.S. dollar amount into the Billing Currency. If the Charge or refund is in U.S. dollars, it will be converted directly into the Billing Currency.
Charges in a Foreign Currency a. If you carry out a Charge that is submitted to us in a currency other than Euro, or if we receive a refund in a currency other than Euro, that Charge or refund will be converted into Euro using the American Express Exchange Rate (as described below). The conversion will take place on the date the Charge or refund is processed by us, which may not be on the same date on which you authorise the Charge or the date of the refund as it depends on when the Charge or refund was submitted to us. If the Charge is not in Euros, the conversion will be made through U.S. Dollars, by converting the U.S. Dollar amount into Euro. If the Charge or refund is in U.S. Dollars, it will be converted directly into Euro.
b. Unless a specific rate is either required by applicable law, or is used as a matter of local custom or convention in the territory where the Charge or refund is made (in which case we will look to be consistent with that custom or convention), you understand and agree that the American Express treasury system is based on interbank rates that our rate setting affiliate, AE Exposure Management Limited selects from customary industry sources on the business day prior to the processing date. This rate is called the “American Express Exchange Rate”, to which a non-Euro transaction fee of 2.7% will be applied.
c. The American Express Exchange Rate is set daily between Monday and Friday, except Christmas Day and New Year’s Day. You agree that any changes in the American Express Exchange Rate will be applied immediately and without notice; you will be informed of such changes as soon as possible unless we have agreed with You or Your Company on a specific frequency for such notice. The rate charged is not necessarily the rate available on the date of your transaction or refund as the rate applicable is determined by the date on which the Merchant or ATM operator, in the case of Cards which can be used at ATMs, submits a Charge or refund to us which may not be the date on which you authorise the transaction or a refund is made. Fluctuations can be significant. The total cost of converting your currency (we call this the ‘Currency Conversion Charge’) consists of the American Express Exchange Rate and the non-Sterling transaction fee. Regulation requires us to provide you with information to enable you to compare the cost of the Currency Conversion Charge with refence rates issued by the European Central Bank. This information can be found on our website.
d. You agree...
Charges in a Foreign Currency
