Common use of Dynamic Currency Conversion Clause in Contracts

Dynamic Currency Conversion. 12.1. Where you have been approved for dynamic currency conversion as specified on your Customer Summary, the provisions set forth in this Article XII shall apply. 12.2. You confirm that you will not hold EVO liable for any losses which may occur as a result of your processing any dynamic currency conversion transaction (including but not limited to losses arising due to currency conversion rates). 12.3. You confirm that you understand that Card Scheme Rules require that your customers must: a. always be advised before a transaction is completed as a dynamic currency conversion transaction in a currency other than the currency of the country in which the sale is being carried out; and b. be given the option of having a transaction completed in the currency of the country in which the sale is taking place. 12.4. You agree that you will be liable for any Card Scheme fines arising from infringements of Card Scheme Rules resulting from the use of dynamic currency conversion processing. 12.5. Where a transaction is to be completed as a dynamic currency conversion transaction you provide to your customer information about any fees or charges that are payable because the transaction is taking place in the other currency and the exchange rate to be used.