Common use of Foreign Currency Exchange Rate Clause in Contracts

Foreign Currency Exchange Rate. Purchases and cash advances made in foreign countries will be billed to you in U.S. dollars. Visa charges a 0.8% fee on all international transaction where a currency conversion is not performed. When a currency conversion occurs, Visa charges a 1.0% fee. The conversion rate to U.S. dollars will be made in accordance with the operating regulations for international transactions established by Visa International Inc. Unless the converted amount is determined to be in error, the converted amount will be due as well as any conversion charges that may be imposed.

Appears in 4 contracts

Samples: Visa® Business Credit Card Agreement, Visa® Business Credit Card Agreement, Visa® Business Credit Card Agreement

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