Common use of Currency Conversion Fee Clause in Contracts

Currency Conversion Fee. If you effect or authorize a transaction with your access device in a currency other than U.S. Dollars, MasterCard will convert the charge into a U.S. Dollar amount. The MasterCard currency conversion procedure includes use of either a government mandated exchange rate, or a wholesale exchange rate selected by MasterCard, as applicable. The exchange rate MasterCard uses will be a rate in effect on the day the transaction occurs. This rate may differ from the rate in effect on the date the transaction was posted to your account. The Currency Conversion Fee applies to each “transaction”; including cash advances, purchases and credits to your account. For example, each purchase is a “transaction”; each cash advance is a second “transaction.” And each “transaction” will be assessed a Currency Conversion Fee. A Currency Conversion Fee of 1.5% will be applied to each transaction that is converted from foreign currencies to U.S. dollars. The Currency Conversion Fee is in addition to the Cross-Border Transaction Fee specified below.

Currency Conversion Fee. If you effect or authorize a transaction with your access device in a currency other than U.S. Dollars, MasterCard MasterCard® will convert the charge into a U.S. Dollar amount. The MasterCard MasterCard® currency conversion procedure includes use of either a government mandated exchange rate, or a wholesale exchange rate selected by MasterCard®, as applicable. The exchange rate MasterCard MasterCard® uses will be a rate in effect on the day the transaction occurs. This rate may differ from the rate in effect on the date the transaction was posted to your account. The Currency Conversion Fee applies to each “transaction”; including cash advances, purchases and credits to your account. For example, each purchase is a “transaction”; each cash advance is a second “transaction.” And each “transaction” will be assessed a Currency Conversion Fee. A Currency Conversion Fee of 1.51% will be applied to each transaction that is converted from foreign currencies to U.S. dollars. The Currency Conversion Fee is in addition to the Cross-Border Transaction Fee specified below.