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Visa Debit 1.75% charge for non EURO transactions (Halifax)

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  • 06-08-2009 11:18am
    #1
    cormie
    Registered Users Posts: 20,836 ✭✭✭✭


    Hi there,
    been wondering about this. They say 1.75% is charged on VISA DEBIT card transactions, I think, but looking at my account summary, I can't see the charges anywhere and they certainly aren't added on to the actual transaction it seems, infact, this one is coming in cheaper than the exchange rate it says was used..

    7/07/2009PAYPAL ************* GB 23JUL 124.70 POUND @ 0.848 - Debit EURO: 146.96

    but if you divide 124.70 by .848, you get 147.05?

    So that along with no evidence of them charging 1.75% (which would be 2 euro 50 or so) makes me wonder..

    Then I have these:
    22/06/2009 PAYPAL ************* GB 19JUN 20.38 POUND @ 0.834 24.43
    18/06/2009 PAYPAL ************* GB 17JUN 5.75 POUND @ 0.834 6.89
    18/06/2009 PAYPAL ************* GB 17JUN 15.99 POUND @ 0.835 19.14

    They are all correct with the exchange rate shown.

    Then a non paypal one (I think this was for diesel while in the UK):
    06/07/2009 ************* COVENTRY GB 2JUL 45.01 POUND @ 0.841 53.47

    this is again, cheaper than 45.01/.841, which is equal to 53.51 EURO and again, no sign of 1.75% charge anywhere.

    Can anyone explain?

    Any feedback appreciated :)


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  • Options
    #2
    muffinhead
    Registered Users Posts: 530 ✭✭✭muffinhead


    cormie wrote: »
    7/07/2009PAYPAL ************* GB 23JUL 124.70 POUND @ 0.848 - Debit EURO: 146.96

    Looking at the historical rates for EUR/GBP for 7th July the rate was €1 = £0.8644 so it would appear Halifax have adjusted the exchange rate to incorporate the 1.75% rather than show it as an additional charge.

    You can view Visa's exchange rates here.


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    #3
    TheDriver
    Registered Users Posts: 12,499 ✭✭✭✭TheDriver


    usually on my visa credit statement, its all included in the rate with a subnote saying 1.5% currency conversion rate included......


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    #4
    cormie
    Registered Users Posts: 20,836 ✭✭✭✭cormie


    Ah is that what it is so? Thanks for the link with the historical figures. I can't see anywhere that it states that the 1.75% is included in the rate, but I guess that's what it is. Was hoping I was getting away with it :o

    So The Driver, are you only charged 1.5% as opposed to my 1.75%?


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