Common use of DCC SERVICES Clause in Contracts

DCC SERVICES. 4.2.1 AUB shall enable certain customers of the Merchant (“Foreign Cardholders”), who hold Cards which are denominated in currencies other than Bahraini Dinar (“DCC Services Currency”), to present a Card at the Merchant’s POS Terminal and pay for a purchase in the DCC Services Currency, based on a rate of exchange determined by AUB, while allowing the Merchant to receive settlement of the transaction (“Foreign Transaction”) in Bahraini Dinar (collectively the “DCC Services”). 4.2.2 The Merchant will assure adherence to offer the Card Holder the selection of its preferred currency option and complete the transaction in line with the Card Holders choice accordingly. 4.2.3 The Merchant acknowledges and agrees that a Foreign Transaction will be converted to the DCC Services Currency in which the Card is denominated based upon an exchange rate in effect at the time of authorization for all retail transactions and that the Foreign Transaction, as converted, will be cleared through a Card Association, in the currency in which the Card is denominated. 4.2.4 The DCC Services shall be applicable only to Cards issued by a Card Association that approves the DCC Services or under the brands of Card Association which are included within the DCC Services that are billed to the Foreign Cardholder in a DCC Services Currency. 4.2.5 The DCC Services may not apply to credit-return transactions in relation to a refund, or to a Foreign Transaction that is referred to AUB for authorization or to a transaction formerly authorized by the Merchant via telephone prior to taking effect. 4.2.6 AUB reserve the right to add, delete or suspend any currency to or from the DCC Services, as the case may be, at any time without notice to the Merchant. 4.2.7 AUB may terminate or suspend the DCC Services for any reason upon written notice to the Merchant.

DCC SERVICES. 4.2.1 AUB shall enable certain customers of the Merchant (“Foreign Cardholders”), who hold Cards which are denominated in currencies other than Bahraini Dinar (“DCC Services Currency”), to present a Card at the Merchant’s POS Terminal and pay for a purchase in the DCC Services Currency, based on a rate of exchange determined by AUBAUB on the transaction day, while allowing the Merchant to receive settlement of the transaction (“Foreign Transaction”) in Bahraini Dinar (collectively the “DCC Services”). 4.2.2 The Merchant will assure adherence to offer the Card Holder the selection of its preferred currency option and complete the transaction in line with the Card Holders choice accordingly. 4.2.3 The Merchant acknowledges and agrees that a Foreign Transaction will be converted to the DCC Services Currency in which the Card is denominated based upon an exchange rate in effect at the time of authorization for all retail transactions and that the Foreign Transaction, as converted, will be cleared through a Card Association, in the currency in which the Card is denominated. 4.2.4 The DCC Services shall be applicable only to Cards issued by a Card Association that approves the DCC Services or under the brands of Card Association which are included within the DCC Services that are billed to the Foreign Cardholder in a DCC Services Currency. 4.2.5 The DCC Services may not apply to credit-return transactions in relation to a refund, or to a Foreign Transaction that is referred to AUB for authorization or to a transaction formerly authorized by the Merchant via telephone prior to taking effect. 4.2.6 AUB reserve the right to add, delete or suspend any currency to or from the DCC Services, as the case may be, at any time without notice to the Merchant. 4.2.7 AUB may terminate or suspend the DCC Services for any reason upon written notice to the Merchant.