Dynamic Currency Conversion definition

Dynamic Currency Conversion. (also “DCC”) mean the dynamic currency conversion feature that enables an Eligible Cardholder to undertake a Transaction in the currency of that Cardholder’s Card rather than the Local Currency;
Sample 1Sample 2Sample 3
Dynamic Currency Conversion. A conversion of currency in which goods or services are normally priced into a different currency, as agreed upon by the Cardholder and Merchant. “Small Ticket Payment Service” ‐ A Visa service that permits certain Merchants (e.g., certain local commuter passenger transportation, taxicabs and limousines, bus lines, toll and bridge fees, restaurants, fast food restaurants, news dealers, newsstands, laundries—family, commercial, dry cleaners, quick copy, reproduction, and blueprinting services, parking lots and garages, car washes, motion picture theaters and video tape rental stores) to process Card Transactions using special procedures as outlined in the Visa Operating Rules.
Sample 1Sample 2Sample 3
Dynamic Currency Conversion means a service to have funds equal to the value of the goods and/or services which a Cardholder wishes to acquire from BlueSnap converted from the currency of the country where BlueSnap is located to the currency of the country where a Card is issued.
Sample 1Sample 2Sample 3

Examples of Dynamic Currency Conversion in a sentence

  • Rates of exchange may vary based on transaction, processing or settlement date, cross-currency conversions, network rates and/or regulatory rates, cardholder selected options including, but not limited to, Dynamic Currency Conversion (DCC) selected with the Merchant, which may increase the overall final cost or posted amount of the transaction.


More Definitions of Dynamic Currency Conversion

Dynamic Currency Conversion a process whereby a card transaction amount is converted to a difference currency at POS. When paying with a card issued by a foreign bank, the Client can choose a foreign currency from the POS Terminal currency menu, pay the equivalent amount in a foreign currency and get a sales slip after the transaction has been completed successfully. A DCC transaction slip shows the exchange rate and the transaction price in base (local) as well as transaction (preferred) currency. DCC will be carried out in line with the provisions of the Agreement on Bank Transactions published on the Bank website xxxxx://xxx.xxxxxxx.xx/web/ka.
Sample 1Sample 2Sample 3
Dynamic Currency Conversion a process whereby a card transaction amount is converted to a difference currency at POS. When paying with a card issued by a foreign bank, the Client can choose a foreign currency from the POS Terminal currency menu, pay the equivalent amount in a foreign currency and get a sales slip after the transaction has been completed successfully. A DCC transaction slip shows the exchange rate and the transaction price in base (local) as well as transaction (preferred) currency. DCC will be carried out in line with the provisions of the Agreement on Bank Transactions published on the Bank website xxxxx://xxx.xxxxxxx.xx/web/ka. Pre-authorization – a temporary hold placed on the transaction amount until full or partial capture or abortion of the transaction by the Merchant. Unless the Merchant finalizes the transaction and captures the amount within 30 (thirty) days of pre-authorization, the hold will expire.
Sample 1Sample 2
Dynamic Currency Conversion means the conversion by the Merchant, at the point of sale after the Cardmember provides any Card data, of the purchase price of goods or services for a Transaction from the applicable Local Currency to the currency of the Card’s country of issuance.
Sample 1
Dynamic Currency Conversion or “DCC” A service which may be offered by certain overseas merchants to provide you with the option to pay for your foreign currency transactions (including overseas purchases and online purchases) with your Commercial Charge Card in Ringgit Malaysia at the point of sale.
Sample 1
Dynamic Currency Conversion or “DCC” shall mean (i) in the context of sales of goods and services, the conversion at the Point of Sale of the Merchant’s Local Currency into a different billing currency, as agreed upon by the Cardholder and Merchant, in accordance with applicable Card Association Rules; and (ii) in the context of cash withdrawal transactions from an ATM, the conversion, at the ATM, of the currency in which cash is dispensed from the ATM into a different billing currency, as agreed upon by the Cardholder in response to prompts on the ATM screen, in accordance with applicable Card Association Rules.
Sample 1
Dynamic Currency Conversion or ”DCC” means any card transaction presented in foreign currency that you choose to pay in AED at point of sale or any online card transaction on websites hosted overseas.
Sample 1

Related to Dynamic Currency Conversion

  • Judgment Currency Conversion Date shall have the meaning assigned to such term in Section 11.18(a).

  • Domestic Currency means the currency specified as such and any successor currency. If no currency is so specified, the Domestic Currency shall be the lawful currency and any successor currency of (i) the relevant Reference Entity, if the Reference Entity is a Sovereign, or (ii) the jurisdiction in which the relevant Reference Entity is organised, if the Reference Entity is not a Sovereign. In no event shall Domestic Currency include any successor currency if such successor currency is the lawful currency of any of Canada, Japan, Switzerland, the United Kingdom or the United States of America or the euro (or any successor currency to any such currency).

  • freely convertible currency means a currency which is widely traded in international foreign exchange markets and widely used in international transactions.

  • Component Currency means any currency which, on the Conversion Date, was a component currency of the relevant currency unit.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Balance Currency means the currency under which the trading account has the reference on and with which the Client buys or sells the subject matter instruments. It is noted that the all charges including Spreads, Commissions, Charges and Swaps are calculated in the Balance Currency.

  • Committed Borrowing means a borrowing consisting of simultaneous Committed Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto and all respective Lenders of such Facility with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • Base Currency Amount means, in relation to a Loan, the amount specified in the Utilisation Request delivered by a Borrower for that Loan (or, if the amount requested is not denominated in the Base Currency, that amount converted into the Base Currency at the Agent’s Spot Rate of Exchange on the date which is three Business Days before the Utilisation Date or, if later, on the date the Agent receives the Utilisation Request) adjusted to reflect any repayment or prepayment of the Loan.

  • Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.

  • Denomination Currency has the meaning specified in Section 14(b).

  • Foreign Currency Loan means each Revolving Loan denominated in a Designated Foreign Currency and bearing interest at a rate based upon the Adjusted Foreign Currency Rate.

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Cryptocurrency means a digital or electronic medium of exchange, operating independently of a central bank, in which encryption techniques are used to regulate generation of units and to verify transfer of units from one person to another.

  • Fiat Currency means currency issued by the relevant body in a country or by a government that is designated as legal tender in its country of issuance through amongst other things, government decree, regulation, or law;

  • Designated Foreign Currency means Euros, Canadian Dollars, British pounds, Australian dollars or any other currency (other than Dollars) approved in writing by the Lenders and that is freely traded and exchangeable into Dollars.