British Expats
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British Expats (https://britishexpats.com/forum/)
-   Middle East (https://britishexpats.com/forum/middle-east-60/)
-   -   Which is more sensible? (https://britishexpats.com/forum/middle-east-60/more-sensible-913565/)

scrubbedexpat141 Jun 5th 2018 11:00 pm
Re: Which is more sensible?
 
Originally Posted by Millhouse (Post 12511336)


As an investor in a payments company, all I will say is never ever pay in local currency. They make a fortune on that and it won’t be in the hands of FairFX to control otherwise.
Despite Citibank always telling me to pay in local currency and they'll give a better rate?

I always forget which way to do it.

....then I realise it makes no ****ing difference on a 300dizzer lunch.

Millhouse Jun 5th 2018 11:09 pm
Re: Which is more sensible?
 
Originally Posted by Scamp (Post 12511366)
Despite Citibank always telling me to pay in local currency and they'll give a better rate?

I always forget which way to do it.

....then I realise it makes no ****ing difference on a 300dizzer lunch.
correct, always pay in the local currency and let the credit card company do the conversion. Otherwise the payment processor who owns the terminal does it and will screw you on the rates. It’s called DYnamic currency conversion and it’s a very profitable business

jam25mack Jun 6th 2018 12:20 am
Re: Which is more sensible?
 
Originally Posted by Scamp (Post 12511366)
Despite Citibank always telling me to pay in local currency and they'll give a better rate?

I always forget which way to do it.

....then I realise it makes no ****ing difference on a 300dizzer lunch.
300 dibs for lunch! No wonder you need Kcal!


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