Cryptocurrency Q&A
Will MasterCard foreign exchange rates apply if my transaction is converted?
Will MasterCard foreign exchange rates apply if my transaction is converted?
Enrico
Mon Dec 16 2024
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5
answers
1421
I'm wondering if MasterCard's foreign exchange rates will be applied to my transaction when it undergoes conversion.
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5 answers
CryptoLegend
Tue Dec 17 2024
To avoid this, it's advisable to pay in the local currency to ensure that Mastercard's exchange rate is applied.
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Giulia
Tue Dec 17 2024
When making a transaction, it's important to note that if the merchant or ATM operator converts your payment, Mastercard foreign exchange rates will not be applied.
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HanbokGlamourQueen
Tue Dec 17 2024
This situation typically arises when you choose to pay in the currency of your card, rather than the currency of the merchant or ATM.
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Caterina
Tue Dec 17 2024
For instance, if you're traveling abroad and using your card to make a purchase, the merchant may offer to convert the transaction into your home currency.
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Andrea
Tue Dec 17 2024
If you accept this option, the merchant's exchange rate will be used instead of Mastercard's.
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