FlyerTalk Forums - View Single Post - Dynamic Currency Conversion (DCC) [2014-2016]
Old Jul 17, 2014 | 5:58 am
  #756  
moondog
A FlyerTalk Posting Legend
Community Builder
Community Influencer
All eyes on you!
25 Years on Site
 
Join Date: Dec 2000
Location: Shanghai
Posts: 46,325
Originally Posted by zyxlsy
If merchants pay more to take foreign cards, and I am racking up miles and points by using my foreign cards and pay no extra, I'd feel a little guilty.
There are hundreds of different rates associated with various card types, and affinity cards do rank on the high end of the spectrum, but many processors mask this complexity for the merchant. 3% (the effective rate in the above example) is steep enough to cover almost all cards even at relatively low volumes (e.g. $100k per year).

What DCC does is create an extra 200-500 basis points of padding for the sell side to divvy up among themselves at the expense of the customer.
moondog is offline