Cryptocurrency Q&A
Does visa use a higher exchange rate than credit card?
Does visa use a higher exchange rate than credit card?
Sun Jan 12 2025
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I'm wondering if Visa charges a higher exchange rate compared to a regular credit card. I'm trying to figure out which payment method would be more cost-effective when making purchases in a foreign currency.
5 answers
Tue Jan 14 2025
When making a purchase abroad, merchants often apply an exchange rate that is higher than the one offered by Visa credit cards.
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Mon Jan 13 2025
This markup can be substantial, reaching up to 7% more than the Visa exchange rate.
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Mon Jan 13 2025
The merchant pockets the difference between the higher rate they charge and the actual Visa exchange rate.
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Mon Jan 13 2025
To obtain the best Visa exchange rate while traveling internationally, it's essential to be aware of these additional fees.
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Mon Jan 13 2025
Visa sets one exchange rate for each currency type, which is updated once every 24 hours.
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