Common use of Charges made in Foreign Currencies Clause in Contracts

Charges made in Foreign Currencies. If you obtain your funds or make a purchase in a currency other than the currency in which your Card was issued, MasterCard International Incorporated will convert the amount deducted from your funds into an amount in the currency of your Card. The exchange rate between the transaction currency and the billing currency used for processing international transactions is a rate selected by MasterCard International Incorporated from the range of rates available in wholesale currency markets for the applicable central processing date, which may vary from the rate MasterCard International Incorporated itself receives, or the government-mandated rate in effect for the applicable central processing date. If you obtain your funds or make a purchase in a currency other than the currency in which your Card was issued, the Issuer may assess a foreign currency conversion fee of 3% of the transaction amount and will retain this amount as compensation for its services.

Appears in 4 contracts

Samples: Cardholder Agreement, Cardholder Agreement, Cardholder Agreement

AutoNDA by SimpleDocs

Charges made in Foreign Currencies. If you obtain your funds or make a purchase in a currency other than the currency in which your Card was issued, MasterCard International Incorporated will convert the amount deducted from your funds will be converted by Mastercard International into an amount in the currency of your Card. The exchange rate between the transaction currency and the billing currency used for processing international transactions is a rate selected by MasterCard Mastercard International Incorporated from the range of rates available in wholesale currency markets for the applicable central processing date, which may vary from the rate MasterCard Mastercard International Incorporated itself receives, or the government-mandated rate in effect for the applicable central processing date. If you obtain your funds or make a purchase in a currency other than the currency in which your Card was issued, the Issuer may assess a foreign currency conversion fee of 3up to 1.25% of the transaction amount and will retain this amount as compensation for its servicesamount.

Appears in 1 contract

Samples: Prepaid Cardholder Agreement

AutoNDA by SimpleDocs

Charges made in Foreign Currencies. If you obtain your funds or make a purchase in a currency other than the currency in which your Card was issued, MasterCard International Incorporated will convert the amount deducted from your funds will be converted by MasterCard International, Inc. into an amount in the currency of your Card. The exchange rate between the transaction currency and the billing currency used for processing international transactions is a rate selected by MasterCard International Incorporated International, Inc. from the range of rates available in wholesale currency markets for the applicable central processing date, which may vary from the rate MasterCard International Incorporated International, Inc. itself receives, or the government-mandated rate in effect for the applicable central processing date. If you obtain your funds or make a purchase in a currency other than the currency in which your Card was issued, the Issuer may assess a foreign currency conversion fee of 3% of the transaction amount and will retain this amount as compensation for its services.

Appears in 1 contract

Samples: Cardholder Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!