Originally Posted by
percysmith
http://www.hongkongcard.com/forum/fo...p?id=13819&p=4
Screenshot describes a thousand words. On the CNY transactions, applicable DBS HK Foreign Currency Conversion fee is 1.95% (so the applicable MasterCard rate is 1.2491, and the CNX rate is 2.545% above that).
Is CNX some sort of new institutional scam V/M is letting Chinese online merchants get away with? Anyone else have CNX currency code?
Another update from the Ctrip episode - seems like Ctrip is back to DCCing us no matter unless we key in an AE
http://www.hongkongcard.com/forum/fo...p?id=13819&p=5 #46. The home currency (HKD) amounts can be charged back and a new charge in CNY posted.
I'm starting to think CNX is just a red herring - Ctrip did perform a DCC transaction regardless of what the cardholder chose, but filed the CNY amount as CNX to confuse issuers and cardholders that there is a foreign currency amount but not enable the conversion to be done without DCC.