Mastercard Check

I shop the Internet and sometimes I do not know the exchange rate used to store, I ... I asked my bank but they said it was not the purchase and sale cases, the MasterCard (my credit card) rates for specific activities of shopping ...
I checked the web mastercard ... but no information on exchange rates ...
Can anyone help? ...

I just called GE Money they administer my MasterCard, and they told me that the exchange rate used by MasterCard are those www.xe.com.

My MasterCard does not charge for foreign transactions, but often the fee is 2.5%. I guess you should call your card issuer to verify that.

The conditions of the brochure for the use of a card (MasterCard gift card WESTPAC), he explained: "The exchange rate used for conversion is either a government engaged in the exchange rate or exchange rate wholesale , selected by MasterCard for the currency effect on the date of the transaction is processed. This rate may be different from the rate applicable on the date the transaction occurred or the date on which the transaction is deducted from the value of the card.

To me, this means that the rate xe.com are the same wholesale rates using MasterCard, but you know exactly what day of the transaction will be processed. Close enough for me:)

Today I'm going to purchase foreign currency and check xe.com for the next two days. so I know for sure.

Should be interesting to note this is not really true. I read this thinking it is true, called GE to confirm. They told me I'd be charged the correct price, without charge.

I was charged about 4% compared to the exchange rate, cost me about $ 40 more. They lied to me and I saved money with another DC. Report Abuse