Charge It . . . but Check the Math
Gayle Keck and R. Paul Herman report for the Washington Post on dynamic currency conversion -- where purchases are rung up in US dollars at merchants abroad.
It could be a bad deal. If the transaction is run in dollars, cardholders can get socked with a dismal exchange rate, compared with charges that are processed in the local currency (euros, for example) and converted at or near the interbank clearing rate by Visa or MasterCard.
Stumble It!
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