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Any recent stories of dynamic currency conversion?

Any recent stories of dynamic currency conversion?

Old Aug 14th, 2007, 09:12 AM
  #141  
 
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Michael, what am I missing here? By today's rates on XE. com, 36.78 pounds would be $ 73.56. Adding an extra 1% would be a charge of $ 74.30. Where does that -3.514% come from?

Meanwhile there are some businesses including car rentals where you WILL be charged in US dollars as the deposit is made in the US. So sometimes those don't have any foreign charge at all, and the rate may even be a very good one.
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Old Aug 14th, 2007, 09:22 AM
  #142  
 
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NeoPatrick,

You are correct. I reversed the entries. I paid a 3.64% conversion fee. Mea culpa, mea culpa, mea maxima culpa.
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Old Aug 18th, 2007, 05:42 PM
  #143  
 
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Is dynamic currency conversion a problem in places like Prague and Krakow?
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Old Aug 30th, 2007, 09:02 AM
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I bought tickets on Ryanair this week and just found out that Ryanair charged me in USD instead of euros.

I haven't tried to call yet to complain, but will post with what happens.

When I was in Greece last year I didn't have any trouble with DCC.
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Old Aug 30th, 2007, 10:41 AM
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Did Ryanair quote the price to you on the website in Euros, or in dollars?

Keith
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Old Aug 30th, 2007, 12:16 PM
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Somewhere in the small type Ryanair tells you that it will charge you in the currency of the credit card's country of origin. Complaining won't help.
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Old Sep 2nd, 2007, 09:31 AM
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I just returned from spain a few days ago. When I was there I got hit with a hefty extra charge by Corte Ingles. I was pretty angry. I bought a small item and went to pay. I was not asked in which currency I wanted to pay. It was only after I signed the charge slip that I noticed the heftey addition and asked the cashier to change it. She indicated that their computer system did it automatically and that she couldn't change it. I knew that was incorrect since I had bought other items there previously and had been asked dollars or Euro's?
The only differece in purchases was that all other purchases had been in the grocery area. This one was checked out at the cosmetic counter. I didn't write anything on the reciept. I didn't know about that option. FUTURE CORTE INGLES SH0PPERS BEWARE!
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Old Sep 2nd, 2007, 09:51 AM
  #148  
 
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<<< I bought tickets on Ryanair this week and just found out that Ryanair charged me in USD instead of euros. >>>

Just because they charged in a different currency doesn't mean you were ripped off - though knowing Ryanair if you AREN'T being ripped off someone there isn't doing their job right
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Old Sep 3rd, 2007, 06:47 AM
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I can't say about currently, but I was in Prague, Krakow and other places in the Czech Republic and Poland last summer and never encountered it even once. It's sort of interesting as to the countries where most merchants try to scam people this way -- I wonder how that developed, it appears that Ireland is the worst and a bunch of cheats and and people who try to take advantage of you doesn't immediately come to mind when you think of Ireland. Although I will admit, one of the worst customer experiences I've had in Europe was with a shop in Dublin, but it was the kind of thing that probably could happen anywhere. I bought something to have shipped home, the shop sold me insurance, then didn't fill the order correctly and didn't pack the items properly so two broke. They wouldn't respond to me to replace the items or pay me. I had to contact the Irish Consumer Affairs office to get them to resolve it, and then they paid up when forced to. This was not a cheap shop, either. So maybe their merchants are more crooked there, who knows.
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Old Sep 3rd, 2007, 07:05 AM
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My guess is why it's so rampant in Ireland is that "everyone is doing it". The clerks honestly don't know it's bad and maybe the managers don't either, although of course the owner knows. But they make think they're taking a cut away from the CC company not the customer (that's more how it worked out for me).
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Old Sep 3rd, 2007, 10:38 AM
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DCC was first marketed by an Irish company called Fexco in Killorglin, Co Kerry, in 1990s (they own, among other things, Gulliver, hotel booking service used by Irish Tourist Board, who naturally apply DCC when you make a booking through them). It then spread to other parts of Europe, and then more recently globally, including US.
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Old Sep 3rd, 2007, 12:46 PM
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DCC is just one of many ways businesses take many small slices of money from powerless consumers. The credit card company takes 2-5% from the merchant who skims 2-5% from the customer. Easy as pie. It's just like the cell phone company taking $50 for "activation" or the bank taking $35 plus 5% for not bouncing a check or the numerous other businesses that add this charge and that to what should be straightforward transaction.
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Old Sep 5th, 2007, 06:10 AM
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to the top --- For Shamrock and others who may be unfamiliar with the practice of DCC.
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Old Nov 22nd, 2007, 09:07 PM
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November 2007.

The major department store in Granada, El Corte Ingles, prints Visa receipt with both euro and dollars and asks which you want.

Conversion rate was terrible, of course.

Just say "euro".

-- Paul
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Old Nov 23rd, 2007, 04:32 AM
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At least they are honest enough to give a choice.

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Old Nov 23rd, 2007, 05:16 AM
  #156  
 
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Could it be that consumer complaints to visa have finally gotten them to follow visa regulations?
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