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 US Dollars, VISA will convert the charge into a US Dollar amount. The VISA currency conversion procedure includes use of either a government mandated exchange rate, or a wholesale exchange rate selected by VISA, as applicable. The exchange rate VISA uses will be a rate in effect on the day the transaction is processed. This rate may differ from the rate in effect on the date of the purchase or the date the transaction was posted to your account. A Currency Conversion Fee of up to 1% will be applied to transactions that are converted from foreign currencies to U.S. dollars. The Currency Conversion Fee, if it applies to the transaction, will be included in the transaction amount posted on your statement.

Currency Conversion Fee. If you effect or authorize a transaction with your access device in a currency other than US Dollars, VISA Mastercard will convert the charge into a US Dollar amount. The VISA Mastercard currency conversion procedure includes use of either a government mandated exchange rate, or a wholesale exchange rate selected by VISAMastercard, as applicable. The exchange rate VISA Mastercard uses will be a rate in effect on the day the transaction is processed. This rate may differ from the rate in effect on the date of the purchase or the date the transaction was posted to your account. A Currency Conversion Fee of up to 1% will be applied to transactions that are converted from foreign currencies to U.S. dollars. The Currency Conversion Fee, if it applies to the transaction, will be included in the transaction amount posted on your statement.