Correct, so even if your CC does not apply any exchange fee... beware that paypal does, usually in the 2-3% range.like any money changer, PP make a percentage. it is the difference between the wholesale rate, and the rate they give you.
for example at the current wholesale rate $100CAN will buy 64.87 GBP.
$100CAN in PayPal will buy you 63.01 GBP.
I am pretty sure Ribble, Wiggle, etc, are still charging direct in GBP. My credit card statements show the original GBP amount, the exchange rate, and the final amount due in US$.Some UK retailers charge in GBP which the CC or PP then convert to $$ and will make a percentage on the exchange.
I just checked and it looks like Wiggle is now charging directly in $$, and doing it very reasonably as you say.
Also checked a couple of others. Ribble is doing the same and charging in $$ (also very reasonably), whereas Total are charging GBP and the CC or PP will do the exchange.
Isn't either one or the other? Was the original sale made in USD?Paid through Paypal -- but the CC still has a 3% exchange fee on it.
Wiggle Customer ServicesWhat currency will I pay for my order in?
* You will pay for your order in the currency displayed on the order confirmation page. This excludes Japanese Yen*.
* The price displayed when you confirm your order will be the price you pay when your order is processed and will not change.
* This amount will be charged to your credit/debit card / PayPal account in the currency displayed
VAT is automatically included for destination countries in the EU.
I'm just back from a month in the UK. Hertz as an example, quoted me in $$CAN, I paid using my CDN Mastercard, and the card shows exactly what Hertz quoted. I'd think that anything else would be wrong.Even worse: I bought something via an online shop that only shows its prices in US$.
The shop requests payment via Paypal. However, the BofA CC charged a "foreign transaction fee" for this!
After I called them they claimed that the destination was in a foreign country and even though the amount is charged in U$S (no conversion!), they apply fees.
I never used the BofA CC again: they can make up fees that are entirely hidden to the customer during payment...