International Transaction fees on AUD Transactions

[PhilT]

The one guarantee when you see an xrate offer pop up on a card terminal for your acceptance when using a foreign issued card in Australia is that it will be by far the worst xrate you could get if you actively sought it out. The banks claim it provides the customer with immediate certainty. That would be immediate certainty of what a bad deal the xrate is. The way it is presented implies if you do not accept the rip off xrate the charge will not go through, even though it will. Many sales people think they have to push “yes” to use the card. Selecting “No” is the smart answer.