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verisign

Prepaid MasterCard

Travel and Entertainment transactions e.g. hotel, restaurants, car rentals, airlines

Example - International and Online

 

If the customer wishes to swipe at a hotel abroad for the equivalent of TT$1,000, then TT$1,214.50 must be available on the account for authorisation to occur, i.e.TT$1,000 plus 21.45% of TT$1,000 = TT$214.50.

When the transaction is posted, $1,014.50 will be deducted from the account, i.e. the transaction amount of TT$1,000 plus a currency conversion fee of 1.45% or $14.50.


 

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