Went out with a friend today for a meal and they insisted on paying and used their uk credit card, it was mastercard, we were blabbing away and it was only after paying they read the receipt they noticed the following " exchan
ge rate mark up rate 3.5% " it then showed the euro exchange rate of 0.844248 and the converted amount in gb pounds. Then at bottom of receipt it had the following " I have chosen not to use the mastercard currency conversion process and agree that I will have no recourse against mastercard etc"
Neither of us had seen this before and are stumped! What is the logic for the extra charge? The mastercard rate today is .80289. Is this a new fangled way of charging a bit extra?
noah
ge rate mark up rate 3.5% " it then showed the euro exchange rate of 0.844248 and the converted amount in gb pounds. Then at bottom of receipt it had the following " I have chosen not to use the mastercard currency conversion process and agree that I will have no recourse against mastercard etc"
Neither of us had seen this before and are stumped! What is the logic for the extra charge? The mastercard rate today is .80289. Is this a new fangled way of charging a bit extra?
noah