Target Currency Conversion Margin definition

Target Currency Conversion Margin means the percentage margin to be added to the currency conversion rate obtained from the Approved Quotation Standard, which is to be applied to any particular Foreign Transaction as determined by the Acquirer and applied by Planet Payment. Unless otherwise agreed by the parties, the Target Currency Conversion Margin shall be 3.2% of the Purchase Amount for Foreign Transactions.
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Target Currency Conversion Margin means the percentage margin to be added to the currency conversion rate obtained from the Approved Quotation Standard, which is to be applied to any particular Foreign Transaction as agreed (i) amongst Acquirer, Planet Payment and the Referred Third-Party Acquirer (where Acquirer itself provides Card processing services to the Referred Third-Party Acquirer) or (ii) between Planet Payment and the Referred Third-Party Acquirer (where Acquire does not itself provide Card processing services to the Referred Third-Party Acquirer), as the case may be. VAR shall mean a value added reseller, including any e-commerce payment gateway service provider, or point of sale provider, that, subject to prior approval from (i) Acquirer and Referred Third-Party Acquirer (where Acquirer itself provides Card processing services to the Referred Third-Party Acquirer) or (ii) Referred Third-Party Acquirer (where Acquirer does not itself provide Card processing services to the Referred Third-Party Acquirer), facilitates the authorization or clearing of Transactions for the purposes of the Program, and with which Planet Payment contracts or makes arrangements to provide the Planet Payment Processing Services to certain Merchants.
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Examples of Target Currency Conversion Margin in a sentence

  • The Target Currency Conversion Margin can be amended from time to time by written mutual agreement.

  • With respect to any Foreign Transaction, it is understood that the increased Interchange cost attributable to the increase in the Purchase Amount by the Target Currency Conversion Margin shall be borne by the Merchant that submitted the particular Foreign Transaction.

  • Pursuant to this Amendment, the Target Currency Conversion Margin set in the Multi- Currency Agreement at [*] of the Purchase Amount of Foreign Transactions shall be increased to [*].

  • As described in Appendix V of the Multi-Currency Agreement, Processing and Other Revenue Fees, the Target Currency Conversion Margin with respect to the Program will be set by agreement between Planet Payment and the Acquirer.

  • In accordance with the terms of the Multi-Currency Agreement and this Amendment, Acquirer and Planet Payment shall share in equal amounts the additional Gross Fx Margin, earned on Visa Foreign Transactions, to the extent that the Target Currency Conversion Margin [*].

  • All Transactions received by Planet Payment involving Cards which are denominated in Approved Currencies will be converted by Planet Payment to the Approved Currency in which the particular Card is denominated at the conversion rate announced or published by the Approved Quotation Standard for the Approved Currency applicable on the date of the Transaction together with the applicable Target Currency Conversion Margin.

  • The Target Currency Conversion Margin with respect to Planet Payment Processing Services provided pursuant to this Addendum, Merchant Compensation and Referred Third-Party Acquirer Revenue, if any, with respect to any Referred Third-Party Acquirer will be set in accordance with the relevant Referred Third-Party Processing Agreement.

  • The Target Currency Conversion Margin with respect to the Program will be set by Agreement between Planet Payment and the Acquirer.

  • Otherwise agreed the Target Currency Conversion Margin at the time of signing this agreement shall [*] of the Purchase Amount for Foreign Transactions which can be amended from time to time on written mutual agreement.

  • If the Target Currency Conversion Margin is less , then the Planet Payment Revenue may be changed upon mutual agreement but in the absence of such agreement, shall continue as set forth in this paragraph.