Pretty much all new EMV terminals also accept contactless as well. I don't think the terminal manufactures make many non-contactless emv terminals anymore. Even the terminals in Walmart are contactless enabled (The reader is in the screen) they just don't use it because Visa has ridiculous fees in the US on contactless transactions and treats it as a Card-not-present transaction. This is likely to change with EMV.

Ditto. On the http://www.flyertalk.com/forum/credi...action-us.html thread, the photo shows the EMV card reader equipped with contactless reader (the contactless logo and the 4 lights above) and this EMV terminal seems to be one of the older models out there.

Dynamic Currency Conversion (DCC) - Master Thread
 

I filed a dispute with Chase on a few of my DCC charges yesterday. All credited within 24 hours. Though the largest single amount was only $2.00. Too bad some of the other issuers make you call in.

Paywave/contactless is VEPS, and you cannot DCC on it

p.468 of VIOR http://usa.visa.com/download/merchan...n.pdf#page=504

With the exception of one time where the dcc was run through without asking I've had similar expereinces. And since I have a number of no forex ccs I just had her cancel the charge and start again.

My wife, on a no forex cc, accepted the USD charge in SIN airport while purchasing duty free. She realized it after the fact.....

A Google Docs template or a fillable Adobe Acrobat form to be used to fax/e-mail your issuer in the case of a DCC dispute would be a helpful addition to the Wiki.

Many of these corporations operate on a SOP. Who says we can't do the same? :D

1. Got duped by DCC?
2. Download a fillable Google Docs/Adobe Acrobat form and fill out
3. Fax it in
4. Let the issuers deal with the paperwork

:D

Lonetree: Unfortunately in this case Chase ate the DCC scalp. It could not have possibly disputed a transaction in a day - I took 10 weeks for a full-drawn Reason Code 76 chargeback which resulted in the DCC charge being reversed and a local currency charge being charged.

I don't like how US banks almost brought the world economy down due to their greed but on the same token I don't think it's right that overseas banks are allowed to steal from them either. Yes there is the factor that the US banks are lazy so they don't go the full Reason Code 76 monty but it really doesn't punish the overseas perpetrators of this crime.

Before I started doing most of my banking in Hong Kong, I too felt that US based banks were in a league of their own in terms of gall factor. But, both HSBC and Hang Seng have proven to me that they have the power/desire to be every bit as ruthless as BofA (e.g. we often pay close to 7% commissions on outbound wires!).

Back on topic, no matter how much of a stink people like us make about DCC, ALL of the financial institutions in the game stand to benefit. Basically, even if you consume 3 hours of some bank employee's time to recover $2, it's true that you're probably costing the bank $90. But, for the other 99 (out of 100) people that have given them an extra $2 each, they're pulling in $198.

That having been said, I still applaud our efforts to spread awareness about DCC.

I've known ever since a kid that US banks weren't the only ones greedy, if not the US pales in nickel-and-diming its customers compared to Japanese banks.

Until recently, Japan didn't have 24 hour ATMs and if you withdrew cash past the banks closing hours you got dinged with convenience charges. Let alone that Japan loves to do things their own proprietary way that up until recently, you couldn't even use foreign ATM/debit cards at Japanese banks or almost anywhere because their entire ATM system was incompatible with the rest of the world.

And as for bank transfers, there's pretty much a fee even within their own bank. The only time it's free is if the recipient account holder is also within the same branch. http://www.bk.mufg.jp/tesuuryou/furikomi.html

Even US banks aren't that conspicuous in nickel-and-diming their customers. At least BofA account holder in Los Angeles allows free transfers to any BofA account holder in New York. In Japan, Mitsubishi-UFJ account holder in Tokyo sending a transfer to a Mitsubishi-UFJ account holder in Osaka, the sender and recipient gets raped with transfer fees even though they both bank at Mitsubishi-UFJ.

And at least the US offers choices from lots of competitors. If you dislike BofA, you can go with Chase or Citi, or you can join a credit union. In Japan, the entire banking industry is run like an oligarchy that there really is not much difference in banking from Mitsubishi-UFJ to Resona. The only one that is reasonably acceptable is Japan's Postal System savings (Yucho) or if you're lucky, join their credit unions which is far more restrictive than the US (you are part of the Japanese Agricultural Farming system, etc.).

I figured, but in the end I'm fine with this. If Chase gets annoyed enough it might cause some larger action anyway.

Like...leave the card business?

As big as Chase is Chase is unlikely to be able to force Visa (or Mastercard) to clamp down on DCC malpractices.


But, OTOH, the more compensation it pays out of pocket, the more likely that one day it will start charging back those DCC perpetrators.

Report on Chase Debit and Credit Cards in Seoul
 

Hi All

Just came back from Seoul.

Been using my Chase credit cards (United Club for general purchases, Ritz Carlton for restaurants, Sapphire for Westin Chosun stay). Businesses in Seoul regardless of size all support credit cards (I didn't run into any that doesn't, street food stalls don't count), much better than Tokyo.

There were a few times I run into DCC, particularly in Lotte Department Store and its market downstairs. One time when purchasing tea, I wasn't paying attention enough so the lady hit USD fast enough and I got DCCed. The difference is only $1 so I didn't spend the time fixing it as her English was bad enough. In restaurants, I never had any incidents of DCC. Checking out in restaurants in Seoul with credit cards (even US cards) is really fast and convenient.

Used my Chase debit, with Woori Bank and Shinhan Bank ATMs, there is no ATM fee charged by the ATMs. On the other hand, Citi ATMs charge around $3, so do convenient store ATMs. So when using ATM for cash, try Korean banks.

All in all, using US credit cards (like mine with no foreign transaction fees) in Seoul is quite worry free.

Yes Lotte seems to be a trouble spot. I got hit at the duty free.

Actually, it turned out to be the USD21 transaction that got DCCed not the USD31. The USD21 receipt I got looks like a shop receipt only but the USD31 non-DCC slip is an integrated shop/card receipt (different POS but same floor), so even now I'm not sure whether the USD21 receipt is also my card receipt or not (I wasn't given a seperate card receipt).

Picture of receipt: http://i.imgur.com/p2gQ6fm.jpg

Hi Percysmith, long time no see.

The one receipt on the left seems quite strange. To me it seems like another bill altogether. It is gonna be really shocking if a 21 USD transaction would be bumped to 31 USD because of solely DCC.

I scanned some of my receipts from Lotte.

The first one is from the Duty Free. It is really interesting that Duty Free charges USD as there base currency. If you wanna use KRW, you are DCCed... So, paying amount in USD, no DCC.

The second one is from the market on B1. I chose KRW as the currency, and the final amount is in KRW.

The third one is from a vendor on B1, just outside the market cashier. She clicked USD instead of asking me for the choice (maybe unintentionally), and I got DCCed. I didn't calculate whether it is like what the receipt says, that the DCC rate is normal rate plus a 3% markup. It is close though.

Picture of receipt: http://zyxwg.vip.sina.com/receipt.jpeg

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Hi zyxlsy

No I made two spendings at the duty free floor: one usd21 one usd31

You didn't get dcced on the duty free floor cos their card machines are charging usd and you have a had card.

But u got dcced at the basement cos basement is back to normal krw. I think the choice is on the signing pad there I think, I shopped there with mastercard too (and ae and unionpay - buying three boxes of brownies one at a time http://www.hongkongcard.com/forum/forum_show.php?id=3939&p=6 )