FlyerTalk Forums - View Single Post - Dynamic Currency Conversion (DCC) [2014-2016]

Apr 15, 2014 | 2:20 am

#251

percysmith

Ambassador, Hong Kong and Macau

Join Date: May 2009

Location: HKG

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Posts: 22,113

Quote:

Originally Posted by kebosabi

1. You go online to your credit card account
2. There's a DCC section with an optional tick mark that says "always decline DCC when offered"
3. Every transaction abroad then will be charged at the local currency rate rather than DCC, no matter what the POS does. The issuer's database in which the cardholder has already preset to decline all DCCs will triumph all selections done by the POS whether hardwired or pre-selected or not.

Visa/Mastercard/ACCC/[merchant lobby] won't facilitate it and can easily litigate against it - can easily portray the always declined option (whether opt-in or not) "deprives consumer of a choice". Comes from the same lobbying brains who said watering down the Sarbanes Oxley provisions to prevent another Enron will create jobs.

Last edited by percysmith; Apr 15, 2014 at 2:29 am