FlyerTalk Forums - View Single Post - Dynamic Currency Conversion (DCC) [2014-2016]
Old Feb 17, 2016 | 11:41 pm
  #2373  
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Originally Posted by zyxlsy
That's my experience with HK. So I was pretty shocked when percysmith brought up the Greyhound Café incident.



With Uber aggressively expanding in China, I bet they charge locals in local currency.

Maybe they only do his to US-issued cards because they have the means to charge USD since they are a US-based company?

I can understand charging USD on US cards can save them some interexchange fees, and if their rates are reasonable no one would complain. Something like a good DCC.

I kinda remember pulling out Uber in Singapore showed me USD rates as well in the estimates. Didn't use it so cannot tell whether it was USD that would be actually charged.

Maybe one day I'll pull out Uber in China to take a look at the estimates. If it is also USD, I'd bet they just charge you using your card's currency no matter where you go.

However this does mean a more complex central management system that they have to move the fund to the local subsidiaries to pay the local drivers in their local currencies. But it makes sense in terms of reducing the complexity of accepting foreign payment methods I guess, as this means no foreign payment methods at all...
I don't have Chinese credit cards so I don't know what happens to the locals but I've never not been charged in local currency except in China.
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