International Payments Clause Samples
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International Payments. When providing wiring instructions for an international wire transfer, you represent and warrant that the transaction does not violate the OFAC Regulations of the United States Treasury Department or any other laws of the United States or regulations of any governmental agency. If a wire transfer is to be made in United States dollars to an account outside the United States, then, unless otherwise expressly stated, our foreign correspondent may, in its discretion, make payment to or credit the account of the Beneficiary of the wire transfer in local funds at the place of payment at the correspondent’s rate of exchange on the date payment is made or credited. If the international wire transfer is to be made in a foreign currency, upon request we will provide the necessary exchange rate to transact the transfer. The System allows for future dating wire transfers; however, we do not permit international wires in a foreign currency to be future dated. We reserve the right to cancel any international wire in a foreign currency that is future dated at any time before the wire is executed. If, in our discretion, we elect to process an international wire in a foreign currency that has been future dated, we reserve the right to modify the exchange rate applicable to the wire to equal the exchange rate in effect on the date the wire is sent. International wires in a foreign currency initiated after the daily cut-off time will be dated on the next Business Day, but will not be considered future dated; however, if the current day’s exchange rate does not equal the next Business Day’s exchange rate, we reserve the right to modify the exchange rate to equal the exchange rate in effect on the date the wire is sent or cancel the wire. In the event that an international wire is returned or cannot be completed, you acknowledge that we will return the funds to your account using the current exchange rate. This exchange rate may be different than the one quoted to you for the conversion of U.S. Dollars to the foreign currency. Bank shall not be liable to any changes to the exchange rate while a Wire Request is pending or for changes to the exchange rate in the event that an international wire is returned and the exchange rate has changed. The Bank’s only obligation is to convert the funds back to U.S. Dollars at the then-current exchange rate. ACH payment services (“ACH Services”) allow you to make or collect payments through the ACH payment system by means of debit/credit pa...
International Payments. (i) As the holder of an Account the Customer may avail of the Bank’s International Payment services under which the Customer can make and receive International Payments by a number of different means.
(ii) In order to make an International Payment the Customer must comply with applicable procedures including completing the relevant payment instruction online. The Customer is solely responsible for the accuracy of each such instruction. The Bank is not responsible for any delay or error which arises from incomplete, unclear, inconsistent or mistaken instructions which the Customer gives to the Bank. Where the Customer gives the Bank inconsistent instructions (for example, where the receiving bank’s BIC and its name and address details do not match) the Bank shall not be liable for acting in accordance with any part of those instructions.
(iii) The Bank will take reasonable steps to ensure that each International Payment that the Customer instructs the Bank to make (in a manner which is in compliance with the applicable procedures) and which the Bank accepts for execution, is made in accordance with the Customer’s instructions in a timely manner. The Bank’s ability to execute a payment instruction in a timely manner will be dependent on the Bank receiving the relevant instruction before the cut-off time. Clause 8.1(i) shall apply to any instruction received after the cut-off time. Any payment execution timeframe that the Bank may indicate is indicative only and the Bank does not guarantee that it will be met in the case of every International Payment.
(iv) The Bank will accept a payment instruction for execution when the Bank is satisfied that: (a) the Customer has sufficient cleared and available funds in the Account to meet the payment concerned and all associated charges; (b) the Customer has duly completed and authorised the payment instruction; and (c) all other conditions required by the Bank have been fulfilled. If the Bank does not accept a payment instruction, the Bank will inform the Customer of the reason unless restricted by law or regulation from doing so.
(v) The Bank may, but shall not be obliged to, operate from time to time such security procedures as the Bank considers appropriate including making call backs to Customers or Users. The Bank shall not be liable for any delay or failure in making any payment as a result of such procedures.
(vi) When the Customer avails of the International Payment services, the Customer (as sender) and/ or the...
International Payments. The following fees apply when either the sender or recipient is outside the United States.
International Payments. Orders for the transfer of U.S. Dollars shall be paid in U.S. Dollars if transferred to a beneficiary located in the United States or its protectorates or territories. If transferred to a beneficiary located elsewhere, the beneficiary’s bank may elect to pay the beneficiary in foreign currency at the bank’s buying rate of exchange for wire transfers. It is your responsibility to advise the beneficiary of this possibility.
International Payments. An Item denominated in foreign currency and drawn on a foreign bank will not be deposited into the Account but will be submitted for collection only. An appropriate advice will be forwarded to you. Bank shall not be responsible for fluctuation in exchange rates.
International Payments. Making and receiving payments from outside the UK. Non-sterling payments. Using your card for non-sterling cash withdrawals and purchases. International payments could be one of two kinds. • A payment in any currency (including sterling) that you make to or receive from an account outside the UK. • A payment or cash withdrawal in a non-sterling currency (including where there has been a currency conversion at some point). If you use your card to withdraw cash or make a purchase in a non-sterling currency, then unless you’ve asked the ATM or card terminal provider to do the currency conversion, the card scheme you use will convert the payment to sterling. This scheme will be Visa or Mastercard, identified by the symbol on the card. You also pay a Non-Sterling Transaction Fee on the payment or cash withdrawal. This is a percentage of the sterling payment amount and is shown in the tariffs. So our exchange rate is made up of the relevant card scheme’s reference exchange rate plus the Non-Sterling Transaction Fee. The conversion will be done on the date the card scheme processes the transaction. It will use the reference exchange rate it uses for all sterling-based accounts (this rate is available on request). This means the exchange rate may differ from the rate on the date you made the payment, if the card scheme processes the payment after that date. You can find a comparison of our current exchange rate for certain currencies as a mark-up over the rate published by the European Central Bank (ECB) at ▇▇▇▇▇▇▇▇.▇▇.▇▇/▇▇▇▇▇▇/▇▇▇▇▇- debit-card-abroad The website shows our rate for certain currencies as a mark-up over the ECB rate at the time you check. This changes twice a day. Because it might take a day or two for your payment to be processed, our rate might be different at that time. In some countries, the ATM or the card terminal being used may offer you the option of paying for the transaction in sterling. If you choose to pay for your transaction in sterling, the exchange rate will generally be provided by the ATM or terminal operator. If you’re in the EU when you’re offered this option, you may get an exchange rate as a mark-up over the ECB rate by the ATM or terminal operator. You can use this information, and the information available on the website mentioned above, to help you decide whether you want to let the ATM or terminal operator do the conversion using their rate or whether you’d like us to do it using our rate. If you’d like us to convert the ...
International Payments. You, Paying User, can only send a payment for the acquisition of goods and/or services from a Receiving User located abroad if you have indicated as a payment method an international card. International payments may be subject to taxation by Brazilian authorities. Please check the applicable taxation before you complete an international payment transaction.
International Payments. When transactions require a currency conversion, PayPal engages a licensed bank to perform the currency conversion. The exchange rate is determined based on rates available in the wholesale currency market and PayPal applies the Currency Conversion Fee to the exchange rate. When your payment is funded by an international card and a currency conversion is necessary, you may: • Use the conversion rate arranged by PayPal, based on rates available in the wholesale currency market, and pay in Brazilian Reais (if the card issuer allows this option). In this case, although the final price is shown in Brazilian Reais, this is an international payment subject to Tax on Financial Transactions (IOF), or • Have your card issuer convert the currency of the card payment into the currency in which you send the payment from your PayPal account, if applicable for that card issuer and network. Your card issuer will determine the currency conversion rate and what fees they may charge. It is your responsibility to pay any applicable importation taxes. You have the right to receive an account statement showing your PayPal account activity. You may view your PayPal account statement by logging into your PayPal account. Key information relating to your payments will be provided to you via e-mail and your transaction history will also be updated and made available to you at any time by logging into your account. You can also access a downloadable report from your PayPal account. This will show all fees incurred and any other amounts charged to your PayPal account in the relevant period. The report will only be updated and made available if there has been any activity on your PayPal account or any fees have been incurred in the relevant period. The way in which we provide the transaction information will allow you to store and reproduce the information unchanged, for example by printing a copy.
International Payments. 10.1. Sage Payments allows you to make International Payments in Supported Currencies and to Supported Countries. International Payments in currencies other than GBP will be subject to conversion into the relevant currency at an agreed exchange rate prior to execution.
10.2. Our current list of Supported Currencies, Supported Countries and execution times for International Payments can be found on our Website.
10.3. Our exchange rates are revised at the beginning of each Business Day and, subject to clause 10.5, such exchange rates shall apply to any International Payment where the Payment Instruction is received prior to the calculation of exchange rates at the beginning of the following Business Day. You can view our latest exchange rate information by logging into Sage Payments.
10.4. Our exchange rates are calculated with reference to the interbank rate (the rate at which banks and large financial institutions trade with each other) which is adjusted regularly based on market conditions and a spread (the difference between the interbank rate and the rate we charge you).
10.5. International Payments will be effected at the applicable exchange rate at the time you Approve your Payment Instruction. If your Sage Payments account is not in sufficient funds to cover the payment detailed in your Payment Instruction at the time you Approve it, you will need to re-Approve and submit the Payment Instruction when sufficient funds are available and the exchange rate applicable at the time the Payment Instruction is re- Approved will then apply. If your Payment Instruction is rejected for any reason, you will need to create and submit a new Payment Instruction.
10.6. Confirmation of the exchange rate applicable to your transaction will be displayed to the Approver when they are asked to Approve the payment instruction. By submitting a Payment Instruction for an International Payment to us, you are agreeing to the currency conversion on the basis of the exchange rate.
10.7. In the event of foreign exchange market volatility, we reserve the right to withdraw one or more currencies from our International Payments service for as long as we consider reasonably necessary. If we do this, we will provide notice via the Sage Payments service.
10.8. Please note that because our exchange rates are updated at the beginning of each Business Day, any future dated International Payments may only be Approved by an Account Approver on or after the intended date of execution and can...
International Payments. When transactions require a currency conversion, PayPal engages a licensed bank to perform the currency conversion. The exchange rate is determined based on rates available in the wholesale currency market and PayPal applies the Currency Conversion Fee to the exchange rate. When your payment is funded by an international card and a currency conversion is necessary, you may: • Use the conversion rate arranged by PayPal, based on rates available in the wholesale currency market, and pay in Brazilian Reais (if the card issuer allows this option). In this case, although the final price is shown in Brazilian Reais, this is an international payment subject to Tax on Financial Transactions (IOF), or • Have your card issuer convert the currency of the card payment into the currency in which you send the payment from your PayPal account, if applicable for that card issuer and network. Your card issuer will determine the currency conversion rate and what fees they may charge. It is your responsibility to pay any applicable importation taxes.