When you buy anything abroad with your credit card in a foreing currency, my bank applies official exchange rate of MasterCard circuit. But how can I know what are the mastercard rates of the day??
I shop through internet sometimes and i didn’t know the exchange rate used when i shop…i asked my bank but they said that it wasn’t the buy and sell rate, it’s the mastercard (my credit card) rate, specific for shopping activities…
i checked out at mastercard web…but no information about exchange rate…
Can anyone help?…
When I buy things on Ebay from overseas I have the choice of either Paypal’s exchange rate or my credit card. How do I find out the current rate for VISA and Mastercard to compare?
From experience, VISA and Mastercard rates are better, but it would be good to compare at the time of paying.
