Originally Posted by Alcibiades
So the new MC/VISA rules for Debit and Credit cards seem to be :
MC : Effective October 1, if cardholder and merchant are in different countries, charge the issuer 0.8% of the transaction amount. AND if charge requires currency conversion, charge the issuer another 0.2%
VISA : Effective April 1, if charge is made outside cardholder's country, charge the issuer 1%
VERY intersting.
Three questions:
1) Are these April/October 2005?
2) What were the rules prior to these dates?
3) Where does this information come from, and why isn't it easily available?