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---- Foreign Transactions - CC Statement Show Exchange Rate Used?


topr8 - 10:58 am on Feb 29, 2012 (gmt 0)


>>Also, do credit card statements usually bundle the "foreign transaction fee" into the converted currency amount that was charged or does this "foreign transaction fee" show up on a separate line within the credit card statement?

i think it depends on the bank.

i've had some customers complain to me that there is another fee (that looks like it is charged by me!) as a seperate entry which is a foreign currency processing fee. ... needless to say this is a bank change and not charged by me.

additionally i'm in the uk and process orders through a UK processor, although i accept $US (eg have a US$ merchant account), occasionally US customers still get this 'foreign' fee added.

(i won't rant!)

am just pointing out that there are a great many card issuers, especially in the USA and they all charge and show fees in different ways.


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