What you should know about Dynamic Currency Conversion
What is Dynamic Currency Conversion?
What to expect when merchants offer DCC
- Purchase/withdrawal amount in the local and cardholder’s currency
- Amounts with both currency symbols
- Exchange rate used for the currency conversion
- Additional fees or markup assessed
Merchants and ATMs should give you a choice to accept or decline currency conversion and must not choose on your behalf. Additionally, providers should not use language or procedures such as different font size or color to influence your decision. Note that if you don’t see the required details or feel pressure to choose one currency over the other, Visa recommends that you decline the currency conversion offer and report the incident to your card issuer. Opting to accept or decline DCC will not impact your ability to make purchases or withdraw cash internationally.