Common use of Dynamic Currency Conversion (DCC) Clause in Contracts

Dynamic Currency Conversion (DCC). (i) The Dynamic Currency Conversion enables certain of Merchant’s customers, whose Cards are denominated in certain currencies (“Program Currency”) other than Canadian Dollars (“Foreign Cardholders”), to present a Card at Merchant’s point-of-sale and to pay for a purchase in the currency of the Foreign Cardholder, based upon a rate of exchange determined by Peoples Trust, while Merchant receives settlement of the foreign transaction in Canadian Dollars (collectively, a “Foreign Transaction”). (ii) Merchant acknowledges and agrees that a Foreign Transaction will be converted to the Program Currency in which the Card is denominated based upon an exchange rate in effect at the time of authorization for retail transactions and that the Foreign Transaction, as converted, will be cleared through the “Card Associations”) in the currency in which the Card is denominated. The Program shall apply only to those Cards issued by Visa, MasterCard or under the brands of such other Card Associations included within the DCC program that are billed to the Foreign Cardholder in a Program Currency. Additionally, DCC may not apply to credit-return transactions, or certain Foreign Transactions that are referred to Peoples Trust for authorization or otherwise authorized by Merchant via telephone. Peoples Trust reserves the right to add, delete or suspend any currency to or from the Program, as the case may be, at any time without notice to Merchant. Further, Peoples Trust may terminate or suspend DCC services for any reason upon notice to the Merchant.

Dynamic Currency Conversion (DCC). (i) The Dynamic Currency Conversion enables certain of Merchant’s customers, whose Cards are denominated in certain currencies (“Program Currency”) other than Canadian Dollars (“Foreign Cardholders”), to present a Card at Merchant’s point-of-sale and to pay for a purchase in the currency of the Foreign Cardholder, based upon a rate of exchange determined by Peoples TrustNUVEI, while Merchant receives settlement of the foreign transaction in Canadian Dollars (collectively, a “Foreign Transaction”). (ii) Merchant acknowledges and agrees that a Foreign Transaction will be converted to the Program Currency in which the Card is denominated based upon an exchange rate in effect at the time of authorization for retail transactions and that the Foreign Transaction, as converted, will be cleared through the “Card Associations”) in the currency in which the Card is denominated. The Program shall apply only to those Cards issued by Visa, MasterCard or under the brands of such other Card Associations included within the DCC program that are billed to the Foreign Cardholder in a Program Currency. Additionally, DCC may not apply to credit-return transactions, or certain Foreign Transactions that are referred to Peoples Trust Servicer for authorization or otherwise authorized by Merchant via telephone. Peoples Trust NUVEI reserves the right to add, delete or suspend any currency to or from the Program, as the case may be, at any time without notice to Merchant. Further, Peoples Trust NUVEI may terminate or suspend DCC services for any reason upon notice to the Merchant.

Dynamic Currency Conversion (DCC). (i) The Dynamic Currency Conversion enables certain of Merchant’s customers, whose Cards are denominated in certain currencies (“Program Currency”) other than Canadian Dollars (“Foreign Cardholders”), to present a Card at Merchant’s point-of-sale and to pay for a purchase in the currency of the Foreign Cardholder, based upon a rate of exchange determined by Peoples TrustNUVEI, while Merchant Xxxxxxxx receives settlement of the foreign transaction in Canadian Dollars (collectively, a “Foreign Transaction”). (ii) Merchant acknowledges and agrees that a Foreign Transaction will be converted to the Program Currency in which the Card is denominated based upon an exchange rate in effect at the time of authorization for retail transactions and that the Foreign Transaction, as converted, will be cleared through the “Card Associations”) in the currency in which the Card is denominated. The Program shall apply only to those Cards issued by Visa, MasterCard or under the brands of such other Card Associations included within the DCC program that are billed to the Foreign Cardholder in a Program Currency. Additionally, DCC may not apply to credit-return transactions, or certain Foreign Transactions that are referred to Peoples Trust Servicer for authorization or otherwise authorized by Merchant via telephone. Peoples Trust NUVEI reserves the right to add, delete or suspend any currency to or from the Program, as the case may be, at any time without notice to Merchant. Further, Peoples Trust NUVEI may terminate or suspend DCC services for any reason upon notice to the Merchant.

Dynamic Currency Conversion (DCC). (i) The Dynamic Currency Conversion enables certain of Merchant’s Merchant‟s customers, whose Cards are denominated in certain currencies (“Program Currency”) other than Canadian Dollars (“Foreign Cardholders”), to present a Card at Merchant’s Merchant‟s point-of-sale and to pay for a purchase in the currency of the Foreign Cardholder, based upon a rate of exchange determined by Peoples TrustPivotal, while Merchant Xxxxxxxx receives settlement of the foreign transaction in Canadian Dollars (collectively, a “Foreign Transaction”). (ii) Merchant acknowledges and agrees that a Foreign Transaction will be converted to the Program Currency in which the Card is denominated based upon an exchange rate in effect at the time of authorization for retail transactions and that the Foreign Transaction, as converted, will be cleared through the “Card Associations”) in the currency in which the Card is denominated. The Program shall apply only to those Cards issued by Visa, MasterCard or under the brands of such other Card Associations included within the DCC program that are billed to the Foreign Cardholder in a Program Currency. Additionally, DCC may not apply to credit-return transactions, or certain Foreign Transactions that are referred to Peoples Trust Pivotal for authorization or otherwise authorized by Merchant via telephone. Peoples Trust Pivotal reserves the right to add, delete or suspend any currency to or from the Program, as the case may be, at any time without notice to Merchant. Further, Peoples Trust Pivotal may terminate or suspend DCC services for any reason upon notice to the Merchant.