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Dynamic Currency Conversion (DCC) [2014-2016]
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Oct 17, 2014 | 12:19 am
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percysmith
Ambassador, Hong Kong and Macau
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Quote:
Originally Posted by
zyxlsy
The only way DCC benefits customers is that bank doesn't charge 3% on foreign transaction fees, and two days later of the transaction there is a huge dip (more than 5%) of the home currency. This way if letting Visa/MC deal with the exchange, the posting exchange rate would cost more than 5%...
On the flip side if my home currency fell 5% I'll want to rape the merchant even more.
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