Dynamic Currency Conversion
Back to Forum- This topic has 21 replies, 15 voices, and was last updated 22 Mar 2013
at 14:27 by MarcusUK.
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dutchyankeeParticipantAs there are only a few Conrad`s in Europe (Ireland, Portugal, and Turkey), may I ask if it was a Euro based Conrad or was it the Conrad Istanbul where perhaps the Turkish Lira exchange rate could have played a part? If it was one of the other two, then for sure you have a strong claim.
2 Sep 2013
at 06:36
dutchyankeeParticipantBucksnet, of course true, but i was just saying it may be part of the reason for the error, not excusing the error.
2 Sep 2013
at 06:41
canuckladParticipantIt sounds not to dissimilar to the practice that banks have…they give you a choice when extracting money from ATM’s when you’re abroad….
If you choose to have the money converted at point of removal it costs you a fortune…always ensure you say no…
And SwissExPat….You should have been suspicious of the word dynamic….normally when corporations (especially money related) start using positive sounding words it normally means the exact opposite ! :: )
2 Sep 2013
at 12:34
LuganoPirateParticipantA well know scam SwissExPat. Always pay in the local currency and always check the slip they give if pre-printed and if they say it’s too late then tell them to reverse it. They will protest but it can be done. Otherwise, and it’s a real nuisance, call the cc co. there and then to register a complaint. Usually at this point the hotel staff will intervene, reverse and then re-charge in local.
2 Sep 2013
at 15:08
SwissExPatParticipantJust noticed I got ripped off again, but only for a small amount this time.
I paid for an internet access at a hotel reception costing €7.50 which by the time it was converted to CHF and then back to € (the card’s actual denomination), it has become €8.00
So that us a 6.66% uplift and my CS card states they charge 2.5% for foreign currency conversions which leaves the hotels’ dynamic curr conversion with a 4% margin……
Nice business if you can get it!
13 Oct 2013
at 08:05 -
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