
DCC rip-off on vacation: why you should always pay in local currency
Dynamic Currency Conversion (DCC) is a service offered by some merchants and banks to give customers the option of settling transactions in their home currency while paying with their debit or credit card or withdrawing cash from ATMs abroad. Although DCC may seem convenient at first glance, there are some important reasons why you should definitely not use it. This article explains what DCC is, why it is expensive and who benefits from it. We also give advice on how to protect yourself and what your options are for making a claim. Dynamic Currency Conversion (DCC) is a service that you should definitely avoid due to the high costs and loss of benefits. It is important to have foreign currency conversion done by your card-issuing bank to benefit from better exchange rates and lower commissions. Find out in advance about the potential costs of DCC and refuse to use it if the merchant insists. In case of unlawful use of DCC, you should contact your bank for clarification and possible reimbursement. Please note that the information described is of a general nature and does not serve as legal or financial advice. In case of specific questions or problems, you should contact your card issuing bank directly. What is Dynamic Currency Conversion (DCC)? DCC enables merchants and banks to offer customers the option of converting the amount into their home currency during a transaction abroad. Instead of the card issuing bank making the conversion,

