Cryptocurrency Q&A
Why am I paying international transaction fee?
Why am I paying international transaction fee?
Sara
Thu Oct 17 2024
|
6 answers
1552
I don't understand why I am being charged an international transaction fee. I thought these fees only applied to certain types of transactions, but I am seeing them on my account and I am confused.
6 answers
CryptoProphet
Sat Oct 19 2024
Foreign transaction (FX) fees are additional charges that can be imposed on credit card holders when making purchases in a foreign currency or through a foreign bank.
Was this helpful?
79
46
Alessandra
Sat Oct 19 2024
These fees are levied by credit card issuers and can vary depending on the card and the issuing bank.
Was this helpful?
366
25
DaeguDivaDanceQueenElegance
Sat Oct 19 2024
The FX fee is typically calculated as a percentage of the transaction amount, ranging from 1% to 3%, and is added to the total cost of the purchase.
Was this helpful?
116
88
Elena
Fri Oct 18 2024
For example, if a credit card holder makes a purchase in euros, the card issuer may charge a 2% FX fee on the total amount of the transaction.
Was this helpful?
339
42
ZenMindful
Fri Oct 18 2024
The FX fee is designed to cover the costs associated with converting the foreign currency into the local currency, as well as any other fees charged by the foreign bank or payment processor.
Was this helpful?
336
34
Load 5 more related questions
