Timeline for Is currency conversion and foreign transaction fee inevitable when purchasing a service from a country different from a credit card company?
Current License: CC BY-SA 4.0
7 events
| when toggle format | what | by | license | comment | |
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| S Feb 16, 2023 at 8:38 | history | mod moved comments to chat | |||
| S Feb 16, 2023 at 8:38 | comment | added | Ganesh Sittampalam♦ | Comments have been moved to chat; please do not continue the discussion here. Before posting a comment below this one, please review the purposes of comments. Comments that do not request clarification or suggest improvements usually belong as an answer, on Personal Finance & Money Meta, or in Personal Finance & Money Chat. Comments continuing discussion may be removed. | |
| Feb 15, 2023 at 23:43 | comment | added | Franck Dernoncourt | Why are foreign transaction fees with debit cards often higher than foreign transaction fees with credit cards? | |
| Feb 14, 2023 at 10:58 | comment | added | Sneftel | @Tim Again, the currency doesn't matter; the location of the merchant account (the bank account to which credit card payments are eventually deposited) matters. And Kuwait Airways having an office in NYC isn't strong evidence of where their merchant account is. This is not information that is readily available, I'm afraid. | |
| Feb 13, 2023 at 23:10 | comment | added | Tim | (2) " If you pay in your local currency, either the merchant will charge you from a local (to you) subsidiary - in which case there’s no foreign transaction fee - or from their normal account but in your currency, in which case you’ll pay the fee and get the merchant’s usually-poor exchange rate." What does "a local subsidiary" mean? Kuwait Airways has an office in NYC, and does that count as a subsidiary local to US? What does "their normal account" mean? | |
| Feb 13, 2023 at 23:08 | comment | added | Tim | thanks. (1) "There is always a currency conversion when paying in a foreign currency". Does my case sound like that I pay the plane tickets in a foreign currency, when the airline lists the prices in US dollars on their website? | |
| Feb 13, 2023 at 23:02 | history | answered | Sneftel | CC BY-SA 4.0 |