Common use of DCC Service Requirements Clause in Contracts

DCC Service Requirements. Merchant will comply with all reasonable instructions provided by ISO pertaining to Xxxxxxxx’s participation in the DCC program. Without limiting the foregoing, Xxxxxxxx agrees to comply with the following specific DCC requirements: (i) Program Disclosure: Xxxxxxxx agrees to comply with all instructions and specifications applicable to DCC as provided by ISO from time to time. Without limiting the generality of the foregoing, Merchant shall follow DCC program procedures, as may be amended by ISO from time to time. (ii) Foreign Cardholder Opt-In: Merchant shall, based upon the instructions provided by ISO and/or the Card Brands, from time to time, provide Foreign Cardholders with the ability to “opt-in,” or consent to participate in DCC. In the event that a particular Foreign Cardholder elects not to opt-in, it is understood that ISO will process that Foreign Cardholder’s transaction in US Dollars. Xxxxxxxx agrees to make such reasonable modifications as ISO may request to increase the likelihood of Foreign Cardholders opting-into the DCC program. It is understood that any Foreign Transaction for which Xxxxxxxx fails to provide a Foreign Cardholder with the opt-in procedure as described herein may be subject to a Chargeback as defined in the Agreement. (iii) Timely Presentment of Foreign Transactions: Xxxxxxxx acknowledges that the timely presentment of Foreign Transactions is necessary for participation in the DCC program. For the avoidance of doubt, Foreign Transactions must be presented within twenty-four (24) hours of the completion of the Foreign Transaction. Notwithstanding the foregoing, Foreign Transactions submitted by Merchants involved in the hotel, lodging and cruise industries must be submitted within twenty-four (24) hours of a Foreign Cardholder’s checkout from the Merchant’s establishment, failing which Merchant may be subject to additional charges. (iv) Credits/Returns: Unless Merchant uses point-of-sale technology that is not capable of processing credit-returns in the Program Currency in the manner required by ISO, a credit-return to a Foreign Cardholder’s account, reflecting either the partial or complete return or reimbursement of a Foreign Transaction, will be converted to the Program Currency using the exchange rate applicable on the date of presentment of the credit by Xxxxxxxx, and that credit, as converted, will be cleared through the applicable Card Brand in the Program Currency in which the Card is denominated, and if such support is not in place, then such credit or return transaction will be processed in US Dollars, subject always to applicable Card Brand rules. (v) Chargebacks: A Chargeback incurred in connection with a Foreign Transaction will be transmitted to ISO by the applicable Card Brand in the Program Currency and converted by such Card Brand into US Dollars at the Card Brand’s designated foreign exchange rate. Given the potential variances in exchange rates applied to the underlying Foreign Transaction and Chargeback, Merchant acknowledges that the original amount of the Chargeback will likely differ from the original settlement amount received by the Merchant for the Foreign Transaction in US Dollars. Notwithstanding anything herein to the contrary, Xxxxxxxx acknowledges that it will be responsible for the full amount of the Chargeback under the terms of this Merchant Agreement. (vi) Interchange cost Xxxxxxxx agrees that any increased Interchange cost attributable to the increase in the price of the goods or services in US Dollars prior to its conversion by the applicable service fee shall be borne by Merchant.

DCC Service Requirements. Merchant will comply with all reasonable instructions provided by ISO pertaining to XxxxxxxxMerchant’s participation in the DCC program. Without limiting the foregoing, Xxxxxxxx Merchant agrees to comply with the following specific DCC requirements: (i) Program Disclosure: Xxxxxxxx Merchant agrees to comply with all instructions and specifications applicable to DCC as provided by ISO from time to time. Without limiting the generality of the foregoing, Merchant shall follow DCC program procedures, as may be amended by ISO from time to time. (ii) Foreign Cardholder Opt-In: Merchant shall, based upon the instructions provided by ISO and/or the Card Brands, from time to time, provide Foreign Cardholders with the ability to “opt-in,” or consent to participate in DCC. In the event that a particular Foreign Cardholder elects not to opt-in, it is understood that ISO will process that Foreign Cardholder’s transaction in US Dollars. Xxxxxxxx Merchant agrees to make such reasonable modifications as ISO may request to increase the likelihood of Foreign Cardholders opting-into the DCC program. It is understood that any Foreign Transaction for which Xxxxxxxx Merchant fails to provide a Foreign Cardholder with the opt-in procedure as described herein may be subject to a Chargeback as defined in the Agreement. (iii) Timely Presentment of Foreign Transactions: Xxxxxxxx Merchant acknowledges that the timely presentment of Foreign Transactions is necessary for participation in the DCC program. For the avoidance of doubt, Foreign Transactions must be presented within twenty-four (24) hours of the completion of the Foreign Transaction. Notwithstanding the foregoing, Foreign Transactions submitted by Merchants involved in the hotel, lodging and cruise industries must be submitted within twenty-four (24) hours of a Foreign Cardholder’s checkout from the Merchant’s establishment, failing which Merchant may be subject to additional charges. (iv) Credits/Returns: Unless Merchant uses point-of-sale technology that is not capable of processing credit-returns in the Program Currency in the manner required by ISO, a credit-return to a Foreign Cardholder’s account, reflecting either the partial or complete return or reimbursement of a Foreign Transaction, will be converted to the Program Currency using the exchange rate applicable on the date of presentment of the credit by XxxxxxxxMerchant, and that credit, as converted, will be cleared through the applicable Card Brand in the Program Currency in which the Card is denominated, and if such support is not in place, then such credit or return transaction will be processed in US Dollars, subject always to applicable Card Brand rules. (v) Chargebacks: A Chargeback incurred in connection with a Foreign Transaction will be transmitted to ISO by the applicable Card Brand in the Program Currency and converted by such Card Brand into US Dollars at the Card Brand’s designated foreign exchange rate. Given the potential variances in exchange rates applied to the underlying Foreign Transaction and Chargeback, Merchant acknowledges that the original amount of the Chargeback will likely differ from the original settlement amount received by the Merchant for the Foreign Transaction in US Dollars. Notwithstanding anything herein to the contrary, Xxxxxxxx Merchant acknowledges that it will be responsible for the full amount of the Chargeback under the terms of this Merchant Agreement. (vi) Interchange cost Xxxxxxxx Merchant agrees that any increased Interchange cost attributable to the increase in the price of the goods or services in US Dollars prior to its conversion by the applicable service fee shall be borne by Merchant.

DCC Service Requirements. Merchant will comply with all reasonable instructions provided by ISO NUVEI pertaining to Xxxxxxxx’s participation in the DCC program. Without limiting the foregoing, Xxxxxxxx agrees to comply with the following specific DCC requirements: (i) Program Disclosure: Xxxxxxxx agrees to comply with all instructions and specifications applicable to DCC as provided by ISO NUVEI from time to time. Without limiting the generality of the foregoing, Merchant shall follow DCC program procedures, as may be amended by ISO NUVEI from time to time. (ii) Foreign Cardholder Opt-In: Merchant shall, based upon the instructions provided by ISO NUVEI and/or the Card BrandsAssociations, from time to time, provide Foreign Cardholders with the ability to “opt-in,” or consent to participate in DCC. In the event that a particular Foreign Cardholder elects not to opt-in, it is understood that ISO NUVEI will process that Foreign Cardholder’s transaction in US Canadian Dollars. Xxxxxxxx agrees to make such reasonable modifications as ISO NUVEI may request to increase the likelihood of Foreign Cardholders opting-into the DCC program. It is understood that any Foreign Transaction for which Xxxxxxxx fails to provide a Foreign Cardholder with the opt-in procedure as described herein may be subject to a Chargeback as defined in the Agreement. (iii) Timely Presentment of Foreign Transactions: Xxxxxxxx acknowledges that the timely presentment of Foreign Transactions is necessary for participation in the DCC program. For the avoidance of doubt, Foreign Transactions must be presented within twenty-four (24) hours of the completion of the Foreign Transaction. Notwithstanding the foregoing, Foreign Transactions submitted by Merchants involved in the hotel, lodging and cruise industries must be submitted within twenty-four (24) hours of a Foreign Cardholder’s checkout from the Merchant’s establishment, failing which Merchant may be subject to additional charges. (iv) Credits/Returns: Unless Merchant uses point-of-sale technology that is not capable of processing credit-returns in the Program Currency in the manner required by ISONUVEI, a credit-credit- return to a Foreign Cardholder’s account, reflecting either the partial or complete return or reimbursement of a Foreign Transaction, will be converted to the Program Currency using the exchange rate applicable on the date of presentment of the credit by Xxxxxxxx, and that credit, as converted, will be cleared through the applicable Card Brand Association in the Program Currency in which the Card is denominated, and if such support is not in place, then such credit or return transaction will be processed in US Canadian Dollars, subject always to applicable Card Brand Association rules. (v) Chargebacks: A Chargeback incurred in connection with a Foreign Transaction will be transmitted to ISO Servicer by the applicable Card Brand Association in the Program Currency and converted by such Card Brand Association into US Canadian Dollars at the Card BrandAssociation’s designated foreign exchange rate. Given the potential variances in exchange rates applied to the underlying Foreign Transaction and Chargeback, Merchant acknowledges that the original amount of the Chargeback will likely differ from the original settlement amount received by the Merchant for the Foreign Transaction in US Canadian Dollars. Notwithstanding anything herein to the contrary, Xxxxxxxx acknowledges that it will be responsible for the full amount of the Chargeback under the terms of this Merchant Agreement. (vi) Interchange cost Xxxxxxxx Merchant agrees that any increased Interchange cost attributable to the increase in the price of the goods or services in US Canadian Dollars prior to its conversion by the applicable service fee shall be borne by Merchant.

DCC Service Requirements. Merchant will comply with all reasonable instructions provided by ISO NUVEI pertaining to XxxxxxxxMerchant’s participation in the DCC program. Without limiting the foregoing, Xxxxxxxx Merchant agrees to comply with the following specific DCC requirements: (i) Program Disclosure: Xxxxxxxx Merchant agrees to comply with all instructions and specifications applicable to DCC as provided by ISO NUVEI from time to time. Without limiting the generality of the foregoing, Merchant shall follow DCC program procedures, as may be amended by ISO NUVEI from time to time. (ii) Foreign Cardholder Opt-In: Merchant shall, based upon the instructions provided by ISO NUVEI and/or the Card BrandsAssociations, from time to time, provide Foreign Cardholders with the ability to “opt-in,” or consent to participate in DCC. In the event that a particular Foreign Cardholder elects not to opt-in, it is understood that ISO NUVEI will process that Foreign Cardholder’s transaction in US Canadian Dollars. Xxxxxxxx Merchant agrees to make such reasonable modifications as ISO NUVEI may request to increase the likelihood of Foreign Cardholders opting-into the DCC program. It is understood that any Foreign Transaction for which Xxxxxxxx Merchant fails to provide a Foreign Cardholder with the opt-in procedure as described herein may be subject to a Chargeback as defined in the Agreement. (iii) Timely Presentment of Foreign Transactions: Xxxxxxxx Merchant acknowledges that the timely presentment of Foreign Transactions is necessary for participation in the DCC program. For the avoidance of doubt, Foreign Transactions must be presented within twenty-four (24) hours of the completion of the Foreign Transaction. Notwithstanding the foregoing, Foreign Transactions submitted by Merchants involved in the hotel, lodging and cruise industries must be submitted within twenty-four (24) hours of a Foreign Cardholder’s checkout from the Merchant’s establishment, failing which Merchant may be subject to additional charges. (iv) Credits/Returns: Unless Merchant uses point-of-sale technology that is not capable of processing credit-returns in the Program Currency in the manner required by ISONUVEI, a credit-credit- return to a Foreign Cardholder’s account, reflecting either the partial or complete return or reimbursement of a Foreign Transaction, will be converted to the Program Currency using the exchange rate applicable on the date of presentment of the credit by XxxxxxxxMerchant, and that credit, as converted, will be cleared through the applicable Card Brand Association in the Program Currency in which the Card is denominated, and if such support is not in place, then such credit or return transaction will be processed in US Canadian Dollars, subject always to applicable Card Brand Association rules. (v) Chargebacks: A Chargeback incurred in connection with a Foreign Transaction will be transmitted to ISO Servicer by the applicable Card Brand Association in the Program Currency and converted by such Card Brand Association into US Canadian Dollars at the Card BrandAssociation’s designated foreign exchange rate. Given the potential variances in exchange rates applied to the underlying Foreign Transaction and Chargeback, Merchant acknowledges that the original amount of the Chargeback will likely differ from the original settlement amount received by the Merchant for the Foreign Transaction in US Canadian Dollars. Notwithstanding anything herein to the contrary, Xxxxxxxx Merchant acknowledges that it will be responsible for the full amount of the Chargeback under the terms of this Merchant Agreement. (vi) Interchange cost Xxxxxxxx Merchant agrees that any increased Interchange cost attributable to the increase in the price of the goods or services in US Canadian Dollars prior to its conversion by the applicable service fee shall be borne by Merchant.

DCC Service Requirements. Merchant will comply with all reasonable instructions provided by ISO pertaining to XxxxxxxxMerchant’s participation in the DCC program. Without limiting the foregoing, Xxxxxxxx Merchant agrees to comply with the following specific DCC requirements: (i) Program Disclosure: Xxxxxxxx Merchant agrees to comply with all instructions and specifications applicable to DCC as provided by ISO from time to time. Without limiting the generality of the foregoing, Merchant shall follow DCC program procedures, as may be amended by ISO from time to time. (ii) Foreign Cardholder Opt-In: Merchant shall, based upon the instructions provided by ISO and/or the Card Brands, from time to time, provide Foreign Cardholders with the ability to “opt-in,” or consent to participate in DCC. In the event that a particular Foreign Cardholder elects not to opt-in, it is understood that ISO will process that Foreign Cardholder’s transaction in US Dollars. Xxxxxxxx Merchant agrees to make such reasonable modifications as ISO may request to increase the likelihood of Foreign Cardholders opting-into the DCC program. It is understood that any Foreign Transaction for which Xxxxxxxx Merchant fails to provide a Foreign Cardholder with the opt-in procedure as described herein may be subject to a Chargeback as defined in the Agreement. (iii) Timely Presentment of Foreign Transactions: Xxxxxxxx Merchant acknowledges that the timely presentment of Foreign Transactions is necessary for participation in the DCC program. For the avoidance of doubt, Foreign Transactions must be presented within twenty-four (24) hours of the completion of the Foreign Transaction. Notwithstanding the foregoing, Foreign Transactions submitted by Merchants involved in the hotel, lodging and cruise industries must be submitted within twenty-four (24) hours of a Foreign Cardholder’s checkout from the Merchant’s establishment, failing which Merchant may be subject to additional charges. (iv) Credits/Returns: Unless Merchant uses point-of-sale technology that is not capable of processing credit-returns in the Program Currency in the manner required by ISO, a credit-return to a Foreign Cardholder’s account, reflecting either the partial or complete return or reimbursement of a Foreign Transaction, will be converted to the Program Currency using the exchange rate applicable on the date of presentment of the credit by XxxxxxxxMerchant, and that credit, as converted, will be cleared through the applicable Card Brand in the Program Currency in which the Card is denominated, and if such support is not in place, then such credit or return transaction will be processed in US Dollars, subject always to applicable Card Brand rules. (v) Chargebacks: A Chargeback incurred in connection with a Foreign Transaction will be transmitted to ISO by the applicable Card Brand in the Program Currency and converted by such Card Brand into US Dollars at the Card Brand’s designated foreign exchange rate. Given the potential variances in exchange rates applied to the underlying Foreign Transaction and Chargeback, Merchant acknowledges that the original amount of the Chargeback will likely differ from the original settlement amount received by the Merchant for the Foreign Transaction in US Dollars. Notwithstanding anything herein to the contrary, Xxxxxxxx acknowledges that it will be responsible for the full amount of the Chargeback under the terms of this Merchant Agreement.be (vi) Interchange cost Xxxxxxxx Merchant agrees that any increased Interchange cost attributable to the increase in the price of the goods or services in US Dollars prior to its conversion by the applicable service fee shall be borne by Merchant.