FlyerTalk Forums - View Single Post - Dynamic Currency Conversion (DCC) [2014-2016]
Old Apr 14, 2014 | 8:00 am
  #241  
AllieKat
 
Join Date: Nov 2012
Posts: 3,537
Originally Posted by jbcarioca
I'll make wagers that the EU consumer protection policy will somehow act to constrain major networks operating in the EU from permitting DCC on EU-issued cards. Once that happens there will be more pressure on MasterCard/Visa/JCB and ATM networks to disenable the practice.
Quite the opposite, the merchant lobby is EXTREMELY powerful and good at convincing governments that it is on consumers' side (see: interchange fee regulation). I would be less surprised to see a law passed allowing FORCED DCC (in the name of protecting the consumer from the evil banks and allowing the friendly benevolent merchant to make the choice) than I would be seeing DCC banned (since that means the merchant makes less money and the evil banks get their way).

P.S. Remember Visa and Mastercard do NOT support DCC by choice, they do so because consumer protection laws (antitrust) means they have to given their huge market share, or risk an antitrust suit.

P.P.S. Here's an example for anyone who doesn't believe me that DCC is presented as being pro-consumer: http://www.law360.com/articles/41251...antitrust-suit
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