Acceptance Currency definition

Acceptance Currency means the international currencies Merchant has selected for multi-currency processing, as per Article 6, Section C.
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Examples of Acceptance Currency in a sentence

  • The Cardholder provides the card details at the point of sale and completes the Transaction in the chosen Acceptance Currency (e.g. Euro).

  • However, the Merchant can choose to set prices for its goods and services as it wishes, either by reference to such exchange rate table, or any other exchange rate source, or as localized pricing in a fixed amount in the Acceptance Currency (e.g. £29.99).

  • The conversion of the MCP Transaction from the Acceptance Currency to US Dollars will be effected based upon a daily exchange rate table produced for the conversion of transactions from the involved Acceptance Currency to US Dollars, which is obtainable from ISO.

  • MCP Transactions will be cleared through the applicable Card Brands in the selected Acceptance Currency.

  • The Transaction is authorized and submitted to the Card Brands for clearing and settlement in the chosen Acceptance Currency.

  • The MCP shall apply only to those Cards issued under the brands of Visa, Mastercard or such other Card Brands included within the MCP that are billed to the Cardholder in an Acceptance Currency.

  • MCP Transactions will be cleared through the applicable Card Associations in the selected Acceptance Currency.

  • The Transaction is authorized and submitted to the Card Associations for clearing and settlement in the chosen Acceptance Currency.

  • The MCP shall apply only to those Cards issued under the brands of Visa, MasterCard or such other Card Associations included within the MCP that are billed to the Cardholder in an Acceptance Currency.

  • The MCP shall apply only to those Cards issued under the brands of Visa, MasterCard or such other Card Brands included within the MCP that are billed to the Cardholder in an Acceptance Currency.