mastercard question
By inutme
@inutme (372)
Philippines
August 13, 2008 11:31am CST
Does anyone here have any idea what conversion rate mastercard uses for foreign purchases? Is it the same with the newspaper rate? Does mastercard mark-up on the published rate, if yes, any idea how much it is?
1 response
@manchirao (19)
• United States
13 Aug 08
i have master card
i think they will charge 3% of the cost of items , you purchase outside the country.
if u purchase online thats fine, no charge
if u move to some other country like from usa to europe, and purchase in europe shopping they charge you 3%
@inutme (372)
• Philippines
13 Aug 08
Yes, I am going to purchase online. So they just use the published exchange rate and there are no finance or international exchange or whatever charges? I have already purchased online before, but I just forgot if they did charge me something or not. Anyway, thanks for responding..
@manchirao (19)
• United States
13 Aug 08
if u purchase online as far as i know, there wont be any extra charges for you
I am 99% confident, as i did a lot of online shopping too
@inutme (372)
• Philippines
13 Aug 08
I am purchasing online in a country different from mine, I live in the Philippines. Basically I use my credit card and billing address but the items will be purchased in a US website and shipped there as well. Have you tried purchasing online in a website whose homebase is not in your country? Or will this not matter?
