Article: Why is Dynamic Currency Conversion Even Legal?

[Beano]

My main concern is in the convertion rate of the service provider.

 

[SYD]

My main concern is in the convertion rate of the service provider.

The DCC service provider? Could be anything and often undisclosed.

In most countries they’re obligated to tell you the conversion but that’s usually just the AUD amount they’ll charge. Unless one’s a maths whizz or you’ve had the chance to estimate the AUD equivalent at the spot rate prior to paying, quite often it might not be obvious they’re charging a very coughpy conversion. Plus you then have to add your card provider’s X% (as applicable).

 

[Beano]

The DCC service provider? Could be anything and often undisclosed.

In most countries they’re obligated to tell you the conversion but that’s usually just the AUD amount they’ll charge. Unless one’s a maths whizz or you’ve had the chance to estimate the AUD equivalent at the spot rate prior to paying, quite often it might not be obvious they’re charging a very coughpy conversion. Plus you then have to add your card provider’s X% (as applicable).

Correct, which is why I prefer to use the local currency., even though the mark-up is not unreasonable.

 

[RooFlyer]

Oh, oh. Coming to Uber, too (need to opt out)

Avoid Uber's New Default 1.5% Preferred Currency Pricing Scam

Uber is defaulting to preferred currency pricing, whereby all customers will be paying 1.5% more internationally. Here's how to avoid this.

onemileatatime.com

Edit: Maybe not here, yet? I can't see what the article refers to.

 

[Gold Member]

Oh, oh. Coming to Uber, too (need to opt out)

Avoid Uber's New Default 1.5% Preferred Currency Pricing Scam

Uber is defaulting to preferred currency pricing, whereby all customers will be paying 1.5% more internationally. Here's how to avoid this.

onemileatatime.com

Edit: Maybe not here, yet? I can't see what the article refers to.

Post #133 Roo

 

[RooFlyer]

Post #133 Roo

Behind play again ...

 

[p--and--t]

I can't find the default currency setting on my UBER app?

 

[SYD]

I can't find the default currency setting on my UBER app?

It’s been local currency until now. And only on those regions mentioned in the article. So anyone in Oz probably can’t see a setting to change/opt out?

 

[TheRealTMA]

I can't find the default currency setting on my UBER app?

Uber notes say…

Payment in your preferred currency is currently available in the United States, Canada and the eurozone.

 

[Rich]

Uber notes say…

Payment in your preferred currency is currently available in the United States, Canada and the eurozone.

I was confused because I read that as meaning when you were visiting USA, Canada or Eurozone it would be available.

 

[SYD]

I was confused because I read that as meaning when you were visiting USA, Canada or Eurozone it would be available.

Yeah, I initially thought that also. But it’s probably currently only for US, Canada and EU registered users!