News for hackers. Stuff that matters.
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.
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...