DCC Transaction definition

DCC Transaction means a Transaction utilising the DCC Services.
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DCC Transaction means a Transaction by a DCC Cardholder with his DCC Card by presenting his Card at your point-of-sale and to pay for a purchase in the DCC Currency, based upon a rate of exchange determined by us, while you receive settlement of the Transaction in the local currency. .
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DCC Transaction means a Transaction in which a Foreign Card is used at a DCC Program‐enabled POS Terminal and the Foreign Cardholder elects to have the Purchase Amount converted to an Approved Currency at the DCC Exchange Rate displayed.
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Examples of DCC Transaction in a sentence

  • With respect to any DCC Transaction, it is understood that the difference between the Purchase Amount (at the Base Conversion Rate) and the Cardholder Settlement Amount will incur Interchange costs and assessment costs (“Interchange Differential”).

  • Planet Payment will generate electronic reporting to substantiate all Program revenue calculations, DCC Transaction currency exchange gain/loss, and any miscellaneous fee ▇▇▇▇▇▇▇▇ or revenue sharing associated with the Program, as related to sales, Credits, chargebacks and adjustments.

  • Planet Payment, through its Merchant Accounting System, will reconcile all Foreign Transactions and perform all Program revenue calculations and calculate and track any Dynamic Currency Conversion ▇▇▇▇-up and DCC Transaction currency exchange gain or loss.

  • The Acquirer shall pay [*]% of the MICROS Service Fee to Planet Payment for payment to MICROS and the amount thereof shall be deducted from Net FX Margin earned on each DCC Transaction, which is processed using the Gateway Services, for the purpose of calculating the parties’ respective DCC Revenue Shares under the Agreement.

  • For the avoidance of doubt the New Method is as described in the mutually agreed upon specifications pursuant to which DCC Transaction processing is being undertaken by the parties, or their respective Affiliates, in Hong Kong.

  • Therefore, the parties agree that for each DCC Transaction of an Acquirer Merchant located in the Designated Territory, for which an Interchange incentive would otherwise be available, but which is not available solely because the DCC application is not EMV Compliant, Planet Payment shall pay Acquirer an amount equal [*] of the Interchange incentive multiplied by the Acquirer Settlement Amount of each such DCC Transaction (“EMV Charge”).

  • If the Acquirer Merchant does not pay any chargebacks, fines, fees, or penalties due with respect to any DCC Transaction, any such amount * Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission.

  • It is intended that in due course the parties shall adopt the New Method for DCC Transaction processing with respect to DCC Transactions to be processed pursuant to this Agreement.

  • Notwithstanding the above in the event that the calculation pursuant to Section 1 of Schedule 1 results in Planet Payment receiving less than [*] of the Purchase Amount of any DCC Transaction, then the Planet Payment Revenue shall be increased with respect to such DCC Transactions to the extent necessary for Planet Payment to receive [*] of the Purchase Amount of such DCC Transactions.

  • Planet Payment shall process each DCC Transaction such that each such Foreign Transaction is settled to Acquirer by the relevant Card Association either [*].