How are foreign transactions displayed on my statement?
There are no fees for UK purchases with your K Ring, but we do charge a non-domestic transaction fee for purchases made abroad.
The example below shows how non-UK transaction details will appear on your statement:
Original transaction: ฿1263.00 Rate: 1:41.49 Fee: £0.91
- Original Transaction: the value of the transaction in the local currency
- Rate: the exchange rate used to convert the transaction from the local currency to the currency of your Virtual Prepaid Mastercard; we use Mastercard's foreign exchange rate for our conversions plus a 3% Currency Conversion Fee (Bank Fee)
- Fee: the value of the fee charged, which is derived from the exchange rate.
What will appear on my statement after purchase?
When you make a purchase from our online store, your statement will show either: Credit / Debit cards: K WEARABLES SHOP + 0844 502 0450 PAYPAL: Payment to K Wearables Ltd
Can I use my K Ring abroad?
Yes: anywhere in the world that accepts Mastercard® contactless payments – currently over 40 million locations worldwide. You may be required to enter your PIN for certain transactions abroad, so please request your PIN before you travel. If your K ...
What’s the K Wearables Virtual Prepaid Mastercard?
Your K Wearables Virtual Prepaid Mastercard funds the K Ring and the K Wearables Prepaid Mastercard, with each device drawing from the same pool of funds. You can connect multiple K Wearables devices to the same K Wearables Virtual Prepaid ...
What is the End of Day Balance Adjustment?
The End of Day Balance Adjustment is an amount either deducted from or added to the balance of your Virtual Prepaid Mastercard (which stores the funds accessed by your K Wearables payment devices) to cover scenarios such as offline transactions (for ...
Can I make accidental payments with my K Ring?
No. K Ring can only make a payment if it’s within 4cm of a contactless payment terminal, when your hand in is the Transmission Ready position. Also, transactions must be initiated by the retailer, which means that contactless card readers are ...