Dynamic Currency Conversion (DCC)
Feb 18, 2019, 4:24 pm
#586
Join Date: May 2017
Posts: 2,017
I think that terminals only can identify the country of issue but not the currency of the card. This probably means that all UK cards are identified as GBP cards by the terminals, despite a small percentage of them being denominated in other currencies.
Feb 18, 2019, 4:42 pm
#587
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IIRC the currency is on the chip too. It could be that the Euro denominated British cards are set up so that GBP is given to the terminal despite how they behave otherwise.
Feb 18, 2019, 5:49 pm
#589
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Feb 18, 2019, 9:39 pm
#590
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the intl cards I use are denominated in the local currency, EUR and USD. (i.e. i get three account statements for the same account monthy) never had dcc popup in europe. But have it regularly in the US.
Feb 18, 2019, 9:43 pm
#591
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Feb 18, 2019, 10:02 pm
#592
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I believe a card can only have one currency field, so if it's one of these multiple currency cards, such as Revolut, it might still be subject to DCC. If you have a EUR native card (no other currency option), you wouldn't see the DCC prompts.
Feb 19, 2019, 6:07 am
#593
Join Date: Jan 2014
Posts: 451
I have a Revolut card which I haven't really used in the States. Anyone know of any bigger chains that might have DCC? I could go and use the Revolut there to see if the prompt occurs - just to experiment. I have a USD account there as well as EUR and PLN. Would be curious to test it out and report back.
Feb 19, 2019, 8:05 am
#594
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I have a Revolut card which I haven't really used in the States. Anyone know of any bigger chains that might have DCC? I could go and use the Revolut there to see if the prompt occurs - just to experiment. I have a USD account there as well as EUR and PLN. Would be curious to test it out and report back.
Feb 19, 2019, 8:15 am
#595
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I have a Revolut card which I haven't really used in the States. Anyone know of any bigger chains that might have DCC? I could go and use the Revolut there to see if the prompt occurs - just to experiment. I have a USD account there as well as EUR and PLN. Would be curious to test it out and report back.
Feb 19, 2019, 8:25 am
#596
Join Date: Jan 2014
Posts: 451
I will be on the lookout whenever I use it and see how it is. My friend from Poland is also visiting with a "USD" only card, issued by a Polish bank, so I wonder if there is a possibility of DCC there at all. We'll be on the lookout for both. 
Feb 19, 2019, 11:40 am
#597
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Pay attention to the wording. Ebay specifies the spread, but most others specify the fee. You get the fee by dividing the spread by two.
If you specify a fee, then you can charge an additional fee by using a reference rate which already contains an unspecified fee, so the real fee can be a lot higher than the disclosed fee.
If you specify a spread, then you can't use this trick as you are referencing your own buying and selling rates rather than a reference rate.
In this case, the total fee was 3.3%, and the spread was 6.6%. If Ebay claimed to be using a spread of 3%, but used a spread of 6.6%, this sounds like false marketing.
If you specify a fee, then you can charge an additional fee by using a reference rate which already contains an unspecified fee, so the real fee can be a lot higher than the disclosed fee.
If you specify a spread, then you can't use this trick as you are referencing your own buying and selling rates rather than a reference rate.
In this case, the total fee was 3.3%, and the spread was 6.6%. If Ebay claimed to be using a spread of 3%, but used a spread of 6.6%, this sounds like false marketing.
Feb 19, 2019, 3:49 pm
#598
Join Date: May 2017
Posts: 2,017
Feb 20, 2019, 3:16 am
#599
Moderator: Lufthansa Miles & More, India based airlines, India, External Miles & Points Resources
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Argh, last week I was DCCed at Europcar in Munich. The agent stuck my CSR Visa in a new terminal they have now to capture the credit card information and rapidly pressed buttons to get things done... I briefly saw the USD question but she was to fast. The rental contract mentioned something about the card currency and I asked her to fix it. Since I was in a rush I didn't have the patience and she insisted I would be charged in Euro. Sure enough the invoice says:
So instead of the interbank rate of 1.128 and a 44.70US$ charge they hit me with 1.163 and 46.10$ 
Disputed it today with Chase, who will refund me the 1.40 as usual, but its still annoying.
Zahlung Visa 4147********7779-39.63 EURRechnungsbetrag in Kreditkartenwährung: 46.10 USDEUR/USD Datenquelle Reuters 1.16332 (Inklusive Umrechnungsgebühr 3.25%)
Disputed it today with Chase, who will refund me the 1.40 as usual, but its still annoying.