RTE article on Dynamic Currency Conversion

Fred Swanson

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coylemj

Fred Swanson wrote: »

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+1 also applies for internet mail order purchases. Always pay a vendor in the local currency.

Example: when purchasing from Amazon UK, at checkout time they will offer you a Euro amount as an alternative to the sterling total. If you make a note of the euro amount but pay in sterling, the euro number on your credit card statement will always be less than the euro number you were offered by Amazon. So if even Amazon cant beat or match the bank rate, nobody else will.

And it's especially important to remember that when checking into a hotel with a credit card, you must tell the clerk that you will be paying in their currency. Do this before they swipe your card or there may be a 'misunderstanding' at checkout time whereby they inform you that because they took a deposit in euros from your card when you checked in, the final bill has to be settled in euros. A hotel in London tried this on with me, fortunately I was with family so I told them to cancel the deposit and I paid the bill in sterling with my sister's credit card.

Delta2113

I think he should have mentioned Revolut. It's like when the newspapers talk about current accounts they never mention EBS Money Manager Account.

They need to do more homework.