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It does say, “Pay a fair local rate.” So, I'm going to assume it is €1,95/day + local rate (not roaming rate).

Per day sounds attractive if you’re somewhere for 3 days and don’t want to pay for a month

A cheap 30day SIM with 2GB pf data can be had for £5-7 in the UK, so it sounds pretty terrible to me.

What is the definition of "fair"?

I believe, it is going to be -- if the local rate is X, we just charge you that and nothing more added on top.