Originally Posted by
FWBowl
When you are charged a 3.75% markup like this are you still charged the credit card company's 3% foreign transaction fee, or does one replace the other making the net added cost to the customer 0.75%
The amount charged by the merchant is on top of the foreign transaction fee charged by your card issuer. Most US card issuers charge you 3% whenever the transaction was completed outside of the US, regardless of the currency.
(I use the Schwab/FIA Visa, which actually doesn't charge a foreign transaction fee at all, but that's besides the point.)