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Beating the Currency Conversion Scam

Posted on November 24, 2017 by Editor

Grunge button with symbol. Coins money line icon. Banking currency sign. Euro and Dollar Cash symbols. Cashback service. Random background. Vector

Have you ever been abroad and been asked whether you would like to pay  in your home currency or the currency of the location you are in? That choice is not simply one of just personal preference. Whilst most tend to opt to transact in their home currency, doing so will likely lead to paying more. The European Consumer Organisation, BEUC, has released an infographic and factsheet explaining how this practice of dynamic currency conversion is estimated to cost EU consumers over £500m a year and are subsequently calling on the European Commission for a ban. Until then? Just say no!

Find out more about this issue here.

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