Originally Posted by
Majuki
Honest Guide is not really portraying an accurate picture; downright biased. Not sure if they have a personal vendetta against Euronet or just presenting a bias view for YouTube clicks.
DCC is Visa/MC feature which merchant/ATMs accepting these cards can choose to offer as long as they obtain explicit permission during the transaction which Euronet is doing. Heck, Euronet is even presenting the markup % as well as fx rate which is not required by VISA. I have had ATMs present DCC without showing what the markup and fx rate is; only what the USD amount. Euronet is going above and beyond in disclosures. If one need to blame DCC, there is blame for VISA/MC for offering DCC to begin with.
Cash and Balance scam is not even a fee Euronet is charging; it is a fee the
card issuer is charging for interacting with a 3rd party ATM. I just Cash and Balance and then cancel a transaction at Euronet recently against my Fidelity card and nothing was charged because
my card issuer does not charge such a fee.
Finally Euronet charging a fee for ATM withdrawals is not really different than a US-bank operated ATM charging a fee if you are not taking money out from an account of the same bank. Euronet is providing a convenience similar to a Chase card member taking cash out at a Bank of America ATM. Depending on which country/location you are in, Euronet ATM is indeed offering a service here. Was in Florence recently and bank ATMs were not available outside of branch hours while Euronet ATMs were readily available. So if you needed to get cash on a Sunday evening, Euronet ATM is offering a genuine convenience option being around in numerous locations and being accessible.