Common use of Dynamic Currency Conversion Clause in Contracts

Dynamic Currency Conversion. 8.1 If you offer and provide dynamic currency conversion or any other currency conversion services to your customers who use Cards, you must: (a) obtain our approval prior to offering dynamic currency conversion to your customers who use Cards; (b) inform your customers who use Cards that dynamic currency conversion is optional; (c) not impose any additional requirements on a customer who uses a Card to have the Transaction processed in the local currency; (d) not use any language or procedures that cause a customer who uses a Card to choose dynamic currency conversion by default; (e) not misrepresent, either explicitly or implicitly, that its dynamic currency conversion service is a service of a Payment Card Network; (f) comply with any other requirements regarding dynamic currency conversion that we may notify you of from time to time.

Appears in 2 contracts

Sources: Merchant Services Agreement, Merchant Services Agreement