Originally Posted by rasheed

On my recent trip, a number of DCC offering merchants were now touting a no commission DCC. I still did cancel or whatever option to pay in local currancy, but this is a new twist for me. I suspect the convenience charge of the DCC is still embedded in the rate used.

I wish I could say I had time to compare the offered rate at the moment, but I didn't. Also, the EUR was moving a percent a day, so I still couldn't say what it would post at when it takes a few days to process.

Also, it is important to have local currency receipts if you are doing the tax free refunds. As that will be how the third party will credit back your card (which is better than taking cash at the airport). If they have to convert your card refund back to another currency, they will charge a conversion fee on top of their service fee out of your VAT refund.

Finally, most chip situations involve you managing the POS terminal directly which is a very good thing. Even if you are signing, the store clerk doesn't really know that until it doesn't ask for a pin and spits out paper to sign. So, you get to accept the purchase and see the DCC selection screen in most cases.

Rasheed