Payment Scheme Exchange Rate definition

Payment Scheme Exchange Rate means the exchange rate set by Mastercard or Visa (depending on the payment scheme logo displayed on your Card) and which is prevailing at the date and time your Transaction is processed.
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Payment Scheme Exchange Rate. : means the foreign exchange wholesale rate set by VISA and applied to Transactions carried out in foreign currencies to convert them to Sterling.
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Payment Scheme Exchange Rate the foreign exchange wholesale rate set by VISA and applied to Card Transactions carried out in foreign currencies to convert them to sterling.
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Examples of Payment Scheme Exchange Rate in a sentence

  • The Payment Scheme Exchange Rate used may differ from the rate when the Transaction was made as exchange rates vary on a daily basis.

  • The Payment Scheme Exchange Rate used when such Transactions are made and the amount of the Transactions in sterling following application of the exchange rate will be set out in your statement.

  • The exchange rate will be that which is determined by MasterCard, (the Payment Scheme Exchange Rate), or any other payment scheme which we notify to you, on the date the card transaction is processed.

  • For an indication of the Payment Scheme Exchange Rate you can visit ▇▇▇▇▇▇▇▇▇▇.▇▇▇ or ▇▇▇▇▇▇▇▇▇▇.▇▇▇ or call us on ▇▇▇▇ ▇ ▇▇▇ ▇▇▇*.

  • For an indication of the Payment Scheme Exchange Rate you can visit ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇ or call us on ▇▇▇▇ ▇▇▇ ▇▇▇▇*.

  • The Payment Scheme Exchange Rate used when such Transactions are made and the amount of the Transactions in Sterling following application of the exchange rate will be set out in your statement.

  • For an indication of the Payment Scheme Exchange Rate you can visit ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇ or ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇ or call us on ▇▇▇▇ ▇▇▇ ▇▇▇▇*.

  • Any currency conversions will be carried out using the Payment Scheme Exchange Rate on the day the Transaction is debited to the appropriate Cardholder Account.

  • Our Website says more about the Payment Scheme Exchange Rate and how to compare it with other exchange rates.

  • Non-Sterling Transaction Fee All non-Sterling Transactions will be converted to Sterling and debited to the relevant Cardholder Account and the Business Account at the Payment Scheme Exchange Rate.


More Definitions of Payment Scheme Exchange Rate

Payment Scheme Exchange Rate means the exchange rate set by Mastercard and which is prevailing at the date and time your Transaction is processed;
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Payment Scheme Exchange Rate means the foreign exchange wholesale rate set by Mastercard and applied to Transactions carried out in foreign currencies to convert them to Sterling. PIN: the Personal Identification Number issued to Cardholders (or subsequently selected by the Cardholders where self-selection is available) to enable Cardholders to make Transactions. Promotion: means any preferential terms (such as lower interest rates) for a specified period, to be offered by us from time to time. Promotional Transaction: means a Transaction that preferential terms (such as lower interest rates) apply to for a specified period. We will tell the Business the terms before any Promotion is offered by us. Purchase: a payment for goods or services from a Retailer made by a Cardholder using the Card or Card number.
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Payment Scheme Exchange Rate means the foreign exchange wholesale rate set by Mastercard and applied to Non Currency Card Transactions to convert them to the Currency, which can be found at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇. com/global/currencyconversion/. Payment Services Regulations: the Payment Services Regulations 2017 (S.I. 2017/752) as may be amended from time to time.
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Related to Payment Scheme Exchange Rate

  • Applicable Exchange Rate means, with respect to any Contract denominated and payable in Euros or GBPs on any day, the lesser of (a) the applicable currency Dollar spot rate used by the Borrower (as determined by the Collateral Manager) to acquire such currency on the date such Contract is included in the Borrower Collateral and (b) the Applicable Conversion Rate for such currency.

  • Spot Exchange Rate has the meaning specified in the related Terms Document.

  • Market Exchange Rate means the noon Dollar buying rate in New York City for cable transfers of that currency as published by the Federal Reserve Bank of New York; PROVIDED, HOWEVER, in the case of Euros, Market Exchange Rate shall mean the rate of exchange determined by the Commission of the European Union (or any successor thereto) as published in the Official Journal of the European Union (such publication or any successor publication, the “Journal”). If such Market Exchange Rate is not available for any reason with respect to such currency, the Trustee shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York or, in the case of Euros, the rate of exchange as published in the Journal, as of the most recent available date, or quotations or, in the case of Euros, rates of exchange from one or more major banks in New York City or in the country of issue of the currency in question or, in the case of Euros, in Luxembourg or such other quotations or, in the case of Euros, rates of exchange as the Trustee, upon consultation with the Company, shall deem appropriate. The provisions of this paragraph shall apply in determining the equivalent principal amount in respect of Securities of a Series denominated in currency other than Dollars in connection with any action taken by Holders of Securities pursuant to the terms of this Indenture. All decisions and determinations of the Trustee regarding the Market Exchange Rate or any alternative determination provided for in the preceding paragraph shall be in the Trustee’s sole discretion, and shall, in the absence of manifest error, be conclusive to the extent permitted by law for all purposes and irrevocably binding upon the Company and all Holders.

  • Reference Exchange Rate means the exchange rate which is used as the basis to calculate any currency exchange and which is made available by the payment service provider or comes from a publicly available source;

  • FX Exchange Rate means the FX Exchange Rate as specified in § 2 of the Product and Underlying Data.