Common use of TRANSACTIONS MADE IN FOREIGN COUNTRIES Clause in Contracts

TRANSACTIONS MADE IN FOREIGN COUNTRIES. If you incur a Charge in a foreign currency, it may be converted into U.S. dollars. If the foreign currency is converted into U.S. dollars, the exchange rate used to convert the currency used in an international transaction into the billing currency shall, in each instance, be either a rate selected by Visa from the rates available in wholesale currency markets for the applicable processing date and may vary from the rate Visa themselves receive, or the government-mandated rate in effect for the applicable processing date. The conversion may occur after the transaction date and the conversion rate may differ from the rate of exchange in effect at the time of the transaction. You agree to pay the converted amount to us in U.S. dollars.