Common use of Mastercard Clause in Contracts

Mastercard. Purchases and cash withdrawals made in foreign currencies will be debited from your account in U.S. dollars. The exchange rate between the transaction currency and the billing currency used for processing international transactions is a rate selected by Visa from a range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate Visa itself receives or the government- mandated rate in effect for the applicable central processing date. The exchange rate used on the processing date may differ from the rate that would have been used on the purchase date or cardholder statement posting date.

Appears in 1 contract

Sources: Electronic Fund Transfers Agreement

Mastercard. Purchases and cash withdrawals made in foreign currencies will be debited from your account in U.S. dollars. The exchange rate between the transaction currency and the billing currency used for processing international transactions is a rate selected by Visa MasterCard from a range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate Visa MasterCard itself receives or the government- government-mandated rate in effect for the applicable central processing date. The exchange rate used on the processing date may differ from the rate that would have been used on the purchase date or cardholder statement posting date.

Appears in 1 contract

Sources: Electronic Fund Transfers Agreement

Mastercard. Purchases and cash withdrawals made in foreign currencies will be debited from your account in U.S. dollars. The exchange rate between the transaction currency and the billing currency used for processing international transactions is a rate selected by Visa Mastercard from a range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate Visa Mastercard itself receives receives, or the government- government-mandated rate in effect for the applicable central processing date, in each instance plus an additional 1.00%. The exchange rate used on the processing date may differ from the rate that would have been used on the purchase date or cardholder statement posting date.

Appears in 1 contract

Sources: Membership and Account Agreement