International Transaction Fees on Credit Card

**STL** · 29th April 2009, 01:46 PM

These have increased by 2% for my Visa. I've been told that this is also the case for Mastercard. I noticed it b/c my fees had seemed to be going up comparatively higher recently and I wasn't sure as to why. A bit annoyed b/c it means effectively now we are 2cents below every other exchange rate.

It does make the spread between Paypal much smaller though that's for sure.

Doesanyone know of any other cheaper alternatives? I miss my 1.45%.

**Zippo** · 29th April 2009, 05:03 PM

I've been at 3% for years .. First few years were hidden until the Commerce Commission caught onto it. Everyone who was affected though got refunds.

**jaydisc** · 29th April 2009, 05:32 PM

Is your new rate 2% or did your 1.45% go UP by 2% making it 3.45%? 2.5% is standard.

**STL** · 29th April 2009, 06:27 PM

Originally Posted by jaydisc

Is your new rate 2% or did your 1.45% go UP by 2% making it 3.45%? 2.5% is standard.

It's gone up to 2% from 1.45% so 55 basis points. Not happy.

**Golden Phoenix** · 29th April 2009, 11:34 PM

Mine has been at 2%
It is a Visa Debit though so it might be a bit different

**STL** · 30th April 2009, 01:25 AM

Originally Posted by Golden Phoenix

Mine has been at 2%
It is a Visa Debit though so it might be a bit different

Nope, no difference. They charge you still the same even if you have a visa debit

Thread: International Transaction Fees on Credit Card

Thread Tools

Display

Hybrid View

International Transaction Fees on Credit Card

Posting Permissions