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I caught onto to this scam at an airport ATM in Poland 6-7 years ago. The hard sell definitely flagged it to me - it said something about how the ATM could guar
by none_to_remain 3y ago
I caught onto to this scam at an airport ATM in Poland 6-7 years ago. The hard sell definitely flagged it to me - it said something about how the ATM could guarantee their conversion rate but if I had my bank handle the exchange the ATM had no idea what I would get, could be much much worse. I googled the nominal exchange rate and decided I would take my chances with the bank, which was the correct decision.
What I thought was crazy is that back then, and now, with a few minutes' looking I couldn't find the rate the bank would give me.
- dkjaudyeqooe 3y agoPaypal has this same scam going, but they charge up 6% plus and you'll still get the 3% FTF from your card company.
- AussieWog93 3y agoI do a lot of PayPal stuff and this isn't true. You only get charged their fee (closer to 2-3% for AUD-CNY and AUD-USD) when converting your balance from one currency to another. If your card gets charged in a foreign currency, the bank takes a few but PayPal won't.
- dkjaudyeqooe 3y agoI'm talking about using your credit cards through PP, especially the PP branded Mastercard.
- advisedwang 3y agoMost banks just let visa/mastercard do the exchange and maybe tac on a % fee. So the bank doesn't list an exchange rate because they don't maintain one. So find out in advance if your bank adds a fee and then check Visa [1] or mastercard [2] when you actually need to work it out. [1] https://usa.visa.com/support/consumer/travel-support/exchange-rate-calculator.html https://usa.visa.com/support/consumer/travel-support/exchang... [2] https://www.mastercard.us/en-us/personal/get-support/convert-currency.html https://www.mastercard.us/en-us/personal/get-support/convert...