Don't forget this important tip before making purchases abroad

Posted by Fodor's Editors on January 02, 2012 at 1:00:00 AM EST | Post a Comment
Before you charge something, ask the merchant whether or not he or she plans to do a dynamic currency conversion (DCC). In such a transaction the credit-card processor (shop, restaurant, or hotel, not Visa or MasterCard) converts the currency and charges you in dollars. In most cases you'll pay the merchant a 3% fee for this service in addition to any credit-card company and issuing-bank foreign-transaction surcharges.
Posted in Travel Tips Tagged: Money Matters

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