Originally Posted by
viag8
Just had something strange occur with Paypal. I used a US Visa card through Paypal to pay for a ride in Colombia using Cabify, a Spanish ride-hailing company similar to Uber. I had previously made sure I had selected on Paypal to be charged on my seller's currency (ride price was quoted in COP and invoice was in COP), however I got charged directly in USD when I look at my statement or my Paypal invoice. The weird thing is the exchange rate was ok and almost the same as other transactions made in person in COP. I guess this is not really DCC. Anyone else experience something similar with Paypal?
It's probably multi currency conversion where Cabify used its own exchange rate and passed this to Paypal as a USD transaction. Some merchants do this at a fair exchange rate. Starbucks is an example of this. It is possible to use a USD denominated Starbucks card in some other countries where Starbucks will apply the exchange rate.