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Dynamic currency conversion: what happens with refunds?

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Just go back from dinner at Vagenende on Blvd St Germain. I didn't notice the $ amount until after signing the CC slip and asked them to redo the transaction in euros. The waiter first claimed that it was in euros and that the $ amount was just to show the equivalent amount (just like the franc equivalent shown). I didn't believe him, so he called over the head waiter, who claimed that there's no other way for them to do it-- that their machine just does that automatically.

I asked him to cancel the transaction and let me pay in cash, and he punched in some numbers on the machine but claimed that he couldn't get the cancellation to go through. (Should I have simply held on to the signed slip or torn it up?) He says I can go in tomorrow when the manager is there and speak to her. What I need to know now is what happens if I make her reverse the transaction-- would I end up getting charged double conversion fees, once for the original transaction and again for the refund?

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