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Beware - credit card rip-off



 
 
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  #51  
Old April 23rd, 2004, 03:13 PM
Jan
external usenet poster
 
Posts: n/a
Default Left overs



--
"Evelyn C. Leeper" wrote in message
.net...
Frank F. Matthews wrote:

Alan wrote:

snip

Our biggest currency cost came when we arrived home and tried to

convert
the left-over cash in US$, euros, czech crowns, Swiss francs, Pounds
Sterling and Singapore dollars back into AU$. That's when they hit us
with fees, and refused to touch the coins at all. Doesn't sound like a
lot, until you realise that a single 2 pound coin is AU$5. So I have
about $150 in "souvenir change".

Too late for you but three generic suggestions for reducing left over
currency. First, if you are on a tour or boat where tipping is expected
give the tip in your left over currency. Since guides move thru similar
areas they can usually manage easily. Second, if you are interested on
airline stuff they will manage a purchase in multiple currencies quite
easily. Third, get new money using the left over cash from the last
place. Usually it's easier there and you would be paying some fee to
get money from a home account. Finally there are charities that are
grateful for coins. FFM


Use it to pay your final hotel bill. Hold back enough to get to the
airport (if not pre-paid), then hand over the rest to the hotel clerk,
and say you want to use that to pay your bill and then your credit card
for the remaining balance. They see this a lot.

--
Evelyn C. Leeper
http://www.geocities.com/evelynleeper
Separate is not equal. The right time to do the right thing
is always now. Those who say "wait" usually mean "never."
--Bonnie Tinker and The Rev. Cecil Prescod



Use it in Airport duty frees, you can pay for single transactions with
multiple currencies. then make up any difference with your cc- well thats
what I do.

Jan


  #52  
Old April 23rd, 2004, 06:27 PM
Andy Pandy
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Posts: n/a
Default Beware - credit card rip-off


"Alan" wrote in message
...
No cost is not correct. ATMs, security and bank softwares, machines to do
transmission of data, lease lines, networks.....


All that's built into the cost of credit card processing which is charged to the
retailer and is incurred even when there is no currency conversion. How do you
think these costs are met when people buy stuff in their own currency? The
retailer typically pays around 2% of credit card receipts. The DCC markup is *on
top* of all that.

--
Andy



 




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