Re:Visa is planning the biggest changes to merchant fees in ...
by gnicholas on Saturday February 08, 2020 @12:47PM
(#22277140)
How do you find out what exchange rate they use and how it compares to the spot rate? I have cynically assumed that they make money on this (despite claiming “no foreign transaction fee!”) but never knew how to check one company versus another.
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Re:Visa is planning the biggest changes to merchant fees in ...
by lotsofpulp on Saturday February 08, 2020 @02:21PM
(#22277755)
I google “USD to GBP” or whichever currency right after I get the money. My BoA/Chase credit cards also give me basically spot rate conversions. Although this article explains why it might not make sense to use that number:
https://www.thinmargin.com/blogs/why-comparing-against-excha...