FlyerTalk Forums - View Single Post - Dynamic Currency Conversion (DCC) [2014-2016]
Thread: Dynamic Currency Conversion (DCC) [2014-2016]
View Single Post
Old Mar 30, 2016 | 9:51 pm
  #2399  
percysmith
Ambassador, Hong Kong and Macau
Community Builder
Community Influencer
All eyes on you!
15 Years on Site
 
Join Date: May 2009
Location: HKG
Programs: Non-top tier Asia Miles member
Posts: 22,113
Originally Posted by IMH
Some payment processors keep everything (and get merchants to sign up by persuading them that it's great for their customers and "there is no cost to you"),
Yep http://www.dcctoday.com/dcc_foreign.htm

Originally Posted by IMH
others appear to pass most of the additional FX margin on to the merchant
BoC China is less generous with 50% reduced swipe fees on DCC transactions http://wenku.baidu.com/view/5c97658a...87732132e.html

Originally Posted by IMH
(see the section "how we make you money" near the bottom of this page for an example)
They assume the victim is using a 3% FCC card and trying to justify their theft by a Robbing Peter To Pay Paul argument. Shame that there are i. those banks charging 3% FCC are really applying FTF and ii. existance of FTF-free cards in US (and to a lesser extent HK)
Last edited by percysmith; Mar 31, 2016 at 12:44 am
percysmith is offline