Dynamic Currency Conversion. You may not perform dynamic currency conversion. This means that you may not list an item in one currency and then accept payment in a different currency. If you are accepting payments in more than one currency, you must separately list the price of each product or service in each currency.
Dynamic Currency Conversion. (i) If your Cash Withdrawal, Cash Advance or Card Transaction (including online and overseas transactions) is converted into Singapore dollars via dynamic currency conversion (a service offered at certain ATMs and merchants which allows a cardmember to convert a transaction denominated in a foreign currency to Singapore Dollars at the point of withdrawal/sale), you acknowledge that the process of conversion and the exchange rates applied will be determined by the relevant ATM operator, merchant or dynamic currency conversion service provider, as the case may be. You acknowledge that we do not determine whether a transaction will be converted into Singapore dollars via dynamic currency conversion and, where your card transaction is for a retail purchase, you may have to check with the relevant merchant whether such conversion was done.
Dynamic Currency Conversion. A Merchant that offers Dynamic Currency Conversion services must comply with all applicable Operating Rules including without limitation those set forth or referred to at Visa International Operating Regulations, Chapter 6, under “Dynamic Currency Conversion”. Merchant must not misrepresent, either explicitly or implicitly, that its Dynamic Currency Conversion service is a Visa service. The copy of the transaction receipt provided to the Cardholder must have the card expiration date and all but the last four digits of the card number suppressed.
Dynamic Currency Conversion. The following definition shall form part of Clause 1 (Definitions) of the Merchant Establishment Agreement:
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:
Dynamic Currency Conversion. 12.1. Where you have been approved for dynamic currency conversion as specified on your Customer Summary, the provisions set forth in this Article XII shall apply.
Dynamic Currency Conversion. (a) Bank may provide DCC facility if requested as per Annexure B (1). Merchant will settle DCC transactions on a daily basis initiating settlement procedure on the PoS. Subject to international payment schemes rules, all transactions will be processed as follows: (i) Bank shall pay Merchant as per Annexure B(1), the aggregate amount of the transactions in Local Currency in respect of all such Transactions submitted; (ii) Bank advises exchange rates to merchants through the Service Provider and Merchant updates exchange rates on a daily basis at the start of day; (iii) foreign card holder makes payment using his foreign card; (iv) Merchant swipes/dips card on DCC enabled terminal; (v) terminal identifies home currency of card and prompt for DCC service or showing the exchange rate and xxxx-up; (vi) on acceptance, Merchant completes the transaction after obtaining relevant proof of identification; (vii) Cardholder signs chargeslip to confirm transaction, and (viii) at end of day, Merchant performs settlement procedure.
Dynamic Currency Conversion. 10.1 If you offer and provide dynamic currency conversion or any other currency conversion services to your customers who use Cards, you must:
Dynamic Currency Conversion. A Merchant that offers Dynamic Currency Conversion services must comply with all applicable Operating Rules including without limitation those set forth or referred to at Visa Core Rules and Visa Product and Service Rules 5.9.7 “Dynamic Currency Conversion”. Merchant must not misrepresent, either explicitly or implicitly, that its Dynamic Currency Conversion service is a Visa service. The copy of the transaction receipt provided to the Cardholder must have the card expiration date and all but the last four digits of the card number suppressed. Merchant is responsible for ascertaining whether applicable law requires copies retained by Merchant to truncate card numbers and suppress expiration dates, and for complying with all such laws.
Dynamic Currency Conversion
