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Originally Posted by oliver2002
(Post 25143006)
Our company requires you to report the expenses in the local currency shown on the receipt (not the CC charge slip), which is then converted at the daily exchange rate valid at the date of the receipt and a standard 1or 2% is added automatically to cover any fx variances for you. The background here is that our company provides us with fee free credit cards (Amex and Visa) which AFAIK have a fx transaction fee. This ~2% roughly covered the DCC 'spread' encountered by my colleague, until he was hit at the DXB luxury hotel :(.
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Yep, when I was working in US we also had an Amex (green for all, Plat for Directors and above) paid by the employer directly, so I had to just explain the individual charges in concur each month. Any DCCed charges (amex doesn't have DCC, but just as an example) would have been OK. Same company here in Germany gives you the option to use your own CC (not all Germans have a CC!) or use the company secured Amex or Visa, but you have to submit an expense report for each trip separately.
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With almost every credit card today, within a day, the amount of the charge in the currency of the card is posted online between billing periods. What's the big deal about pulling that information directly from the online lists?
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CCB (Asia) (in HK) warning to cardholders about DCC
http://www.flyertalk.com/forum/catha...l#post25212718
http://www.asia.ccb.com/hongkong/pro...rds/index.html Smart Tips: Reasons for not paying in HKD? 1.Settling foreign currency transaction in HKD may incur higher cost to cardmember. 2.Settling foreign currency transaction in HKD is not eligible for the program. |
Poland
Yesterday I used the PayPass function of my Euro MasterCard for the first time in Poland, an irritating country concerning DCC. But Poland is completely on contactless. And using PayPass is very relaxed. No DCC.
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DCC in Macau
Encountered forced DCC at Galaxy buffet, City of Dreams Ding Tai Fung, and a smaller restaurant with my US card. Hyatt hotels gave me a choice between MOP and USD. Stopped using my card after that.
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Use Amex or Unionpay in Macau
Acquriers in Macau propagate the non-compliant practices of their Chinese parents without much regulation. |
Originally Posted by percysmith
(Post 25213193)
Use Amex or Unionpay in Macau
Acquriers in Macau propagate the non-compliant practices of their Chinese parents without much regulation. |
Originally Posted by Majuki
(Post 25214153)
While I sometimes use AmEx in these situations - UnionPay isn't an option for those of us based stateside - I feel it helps maintain the status quo for DCC.
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Originally Posted by Olly-
(Post 25214169)
Can't you use Discover cards wherever UnionPay is accepted?
There are also lots of acquirers that have banned the Discover BINs from being processed even though they should go across the UnionPay network. China and her children don't really seem to care about following rules of payment processors. |
I've complained to them countless times about the discover EMV issue in China. Nothings been fixed yet...
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Is the Discover debit card EMV enabled yet? If not, opening a checking account with them might be a reasonable workaround (currently $50 bonus if you have a Discover card already + 10c every time you use the card).
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Originally Posted by tmiw
(Post 25218003)
Is the Discover debit card EMV enabled yet? If not, opening a checking account with them might be a reasonable workaround (currently $50 bonus if you have a Discover card already + 10c every time you use the card).
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Originally Posted by NYCFlyer10001
(Post 25214531)
There are also lots of acquirers that have banned the Discover BINs from being processed even though they should go across the UnionPay network. China and her children don't really seem to care about following rules of payment processors.
When everything should go to the UnionPay center for processing, lots of acquirers actually setup their interlinks so they circumvent. That's why you see well below worldwide average or zero fees for doing the same things in China. This is to attract the majority of Chinese people who don't have as much real spending power as worldwide average. But this creates a lot of problems, which money saving Chinese majority doesn't really care, as long as they can get the same things done for less... |
For me, its pretty simple.
Whenever I am in the (real) #1 power in the world (sorry US Americans, aint you anymore) I will use Amex. If not possible, cash. Visa and MC, go f..... yourself. As long as you support cheating on your customers, I dont support your business. |
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