Originally Posted by
zyxlsy
But you've got visa.com and visaeurope.com and they all have the exchange rate information. That's what gets me confused.
I don't know which time zone you are in right now, but if you are in EST 9pm and go to visa.com, you see the latest available date to choose is today. If you go to visaeurope.com, the latest date is tomorrow already.
Therefore, Jul 28th EST might be different from Jul 28th UTC. That's my concern.
Can I assume since Chase is US-based, we can ignore visaeurope.com?
I never get Visa rate exactly, but the difference is very insignificant (less than 0.1% either way)
It really depends on the acquirer:
- I used two Visa cards overseas, one issued by two different HK banks, within minutes of each other in same merchant, with same posting date <-- same rate
- I used one Visa card overseas throughout a day in same city. Some transactions were posted on the same day, some on another day. But even the same-card same-day transactions have slightly different rates (one being noticeably different from the others).
So I think the acquirer determines what Visa rate we get, by controlling the time of posting.
And you won't get exact rate either because even if you are in the same timezone as the Visa website, the Thai/Chilean/Australian acquirer isn't.