Originally Posted by sbedelman

Well if the banks say they are charging 3% then the total forex rate is 4%. Or at least that is the way it was when I read the rules the last time, but the disclosures might have changed with the recent legislation.

Where I get it is that there are two layers of charges. The Visa/MC 1% is generally disclosed in the boilerplate of the agreement while the banks fee is called both there and in the disclosure table.