Cryptocurrency Q&A
What are MasterCard foreign exchange rates?
What are MasterCard foreign exchange rates?
GeishaWhisper
Sun Dec 15 2024
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7 answers
2077
I'm planning to use my MasterCard overseas and want to understand the foreign exchange rates applied by MasterCard. I'm curious about how these rates are determined and whether they are competitive compared to other payment methods.
7 answers
Silvia
Tue Dec 17 2024
Foreign exchange rates are determined by the date and time when Mastercard processes a transaction.
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SapphireRider
Tue Dec 17 2024
These rates can vary and may not align with the date when the transaction was actually made.
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DigitalDynastyGuard
Tue Dec 17 2024
In cases where the merchant or ATM operator handles the conversion of the transaction, a different exchange rate may be used.
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TimeRippleOcean
Tue Dec 17 2024
When this happens, the Mastercard foreign exchange rates will not be applicable.
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ThunderBreezeHarmony
Mon Dec 16 2024
It is important to be aware of this distinction as it can affect the final amount paid in the transaction.
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