When using your credit card abroad, you’re often asked whether you want to pay in the local currency or your home currency. In this video, we discuss why you should always opt to pay in the local currency, whether you are using credit cards or cash. We also explore five tips to save money when paying for purchases while traveling! Interested in applying for a new credit card? Check out our card offers*: http://tripast.link/credit-cards --- HELPFUL LINKS / REFERRALS: - ACCOUNT: Charles Schwab High Yield Investor Checking (use REFER6ZT8H to receive a $100 when opening a new account) ⇨ http://tripast.link/schwab - WEBSITE: Currency Rates Table ⇨ https://goo.gl/EXYYyD - APP: Currency ⇨ http://currencyapp.com/ - ARTICLE: "Should You Pay in Local Or Home Currency When Traveling?" (Forbes) ⇨ https://goo.gl/gLRj6e --- EQUIPMENT (USED TO CREATE VIDEO): - CAMERA: Canon G7X Mark II ⇨ http://amzn.to/2rPix8h - MICROPHONE: Zoom H1 ⇨ http://amzn.to/2rgM7mi --- ADVERTISER DISCLOSURE: This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. --- SUPPORT US (USING OUR REFERRAL LINKS 😊): - Credit Card Offers ⇨ http://tripast.link/credit-cards - Shop on Amazon (US) ⇨ http://tripast.link/amazon - Shop on Amazon (UK) ⇨ http://tripast.link/amazon-uk - Travel Insurance (via World Nomads) ⇨ http://tripast.link/insurance --- TRAVEL DISCOUNTS: - Lodging & Transportation ⇨ http://tripast.link/lodge-transport - Shopping & Services ⇨ http://tripast.link/shopping --- MUSIC CREDITS: - “Weekend in the City” by Silent Partner - “Water Lilly” by The 126ers - “Payday” by Silent Partner --- PHOTO CREDITS: - Pixabay ⇨ https://pixabay.com - "Australian Made CMI H2D Home Safe With La Gard 3750 Digital Electronic Lock. An example of a basic home safe with 12 mm steel door & 6mm steel case that can be bolted to a concrete floor” by Binarysequence - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=41396220
Views: 3121 Trip Astute
Understanding & How To Avoid Bank Fees While Traveling Visit http://wanderingtrader.com for more tips on traveling around the world, living overseas, and financing your travels. Find out how we finance our travels around the world via day trading at http://thedaytradingacademy.com. You can read the full post of the article here: http://bit.ly/16JLwav Also dont forget to subscribe to our Youtube channel here: http://bit.ly/1dhqlma Learning how to avoid the bank fees while traveling is extremely important in order to finance your travels. Traveling around the world and living overseas for nearly 4 years now I have used these same techniques in order to save money while traveling overseas. There are three types of fees that banks and credit card companies normally charge. There are ATM fees, foreign transaction fees, and also exchange rate fees. Learning how the banks charge these fees is important to understanding and avoiding bank fees while traveling. ATM fees are charged on a person bases and also per amount that you withdraw. Most banks charge a foreign ATM transaction fees not only nationally but also internationally. These fees can go up to five dollars per transaction while the norm is $2-$3 per transaction. Foreign conversion fees are between 2% to 5%. These fees are charged by Visa, MasterCard, and also the bank. Visa often charges 1% while the rest of the fee is charged by the bank. The highest fees are 5%. Banks also make money converting the money from international currency to your local currency. It is important to try and get the best exchange rate. We can normally do this by using a credit card. There are a lot of credit cards offer today that provide travel rewards in addition to not charging foreign transaction fees. My favorite is the chase preferred credit card because you can transfer points to many different companies.
Views: 9383 Marcello Arrambide
http://www.distantlands.com WHAT IS THE BEST WAY TO EXCHANGE MONEY IN EUROPE? How many people endlessly scour airfare comparison and hotel booking sites looking for the best deal, then waste all that effort by paying huge fees to exchange money abroad. Once you leave the country, how you pay for things can impact the cost of your trip. What is the best option? Keep watching and we will explore all your currency conversion options while traveling in Europe. But first, don't forget to like, subscribe and comment. EXCHANGING CASH Avoid or minimize cash exchange. Fees can range from about 8% at banks to up to 15% at airport currency exchange booths. If you need to exchange cash, look for places that don't charge a commission. Hold onto your cash for emergencies. If you want cash before leaving the U.S., you may be able to order currency through your bank, or through a website. Rates in the U.S. are usually less favorable than abroad, though, so only get what you need for a day or two. Cash is best for: Emergencies. PRO: You'll almost always find someone who will exchange cash. CON: You will not get a great conversion rate. DEBIT AND ATM CARDS Use these at cash machines (ATM's) to withdraw local cash. Use bank ATM machines. Your rate will be as good as or better than a bank teller. Minimize ATM usage fees by withdrawing as much as you can each time you visit the ATM (and keep the extra cash in your money belt!). AVOID generic ATMs or foreign exchange machines, often found at airport arrival halls, which charge high fees and offer really bad exchange rates. Debit & ATM cards are best for: Getting cash in local currency. PRO: You get the great interbank exchange rate, and ATMs are widely available in cities throughout Europe. CON: Each withdrawal you make will be subject to various fees, so withdraw larger amounts less frequently than you would at home. Debit cards are usually not accepted for car rentals without additional cost and paperwork. PRO TIP: AVOID DYNAMIC CURRENCY CONVERSION. If a merchant asks you if you would like to make your transaction in your home currency instead of local currency, say NO. ALWAYS get your transaction in the local currency or you will pay a huge fee. CREDIT CARDS Credit cards are best for large purchases such as airline or train tickets, hotel bills and car rentals. Generally, paying by credit card gives you a better rate than withdrawing or exchanging cash...as long as you clear your balance each month. The interest you pay on that balance will add to your trip costs. Read your credit card agreement carefully; a foreign currency conversion fee of about 1% is standard. If you can, consider applying for a credit card that doesn't charge foreign currency fees before you travel. However, avoid using your credit card to withdraw cash from ATMs. This is a cash advance, and you will be charged fees and interest immediately. PRO: By using a credit card for most expenses, you can carry less cash. You can also dispute erroneous transactions. And, many credit cards offer points or rewards. CON: Many, if not most credit cards have hidden surcharges for foreign exchange transactions. Look for cards that are travel-friendly. PRO TIP: The Chase Mileage Explorer Card (for United frequent fliers) and the Chase Sapphire card have no international transaction fees. TRAVELER'S CHECKS AND MONEY CARDS While mostly obsolete, traveler's checks provide more security than cash because they can be replaced if lost or stolen. These days, Visa and Travelex offer travel cards that are prepaid like traveler's checks, but work like debit cards for purchases and ATM withdrawals. CON: The exchange rate for traveler's checks is not as favorable as the interbank rate you get when using a credit or debit card, and very few merchants accept them for purchase these days. You'll incur commissions, shipping charges and/or conversion fees to purchase AND cash the checks. The prepaid cards have plenty of fees, too--activations fees, reloading fees, ATM charges, and even inactivity fees. In most cases you're better off using your own debit card. Thank you for watching and please...like, subscribe, comment and share. Long Note Four by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100467 Artist: http://incompetech.com/ #DISTANTLANDS #TRAVELTIPS #TRAVEL
Views: 4366 Distant Lands Travel Store
Let's talk money in today's episode! In particular exchanging currencies and withdrawing cash abroad without the massive fees! It is a good idea to exchange a small amount of cash before you leave so you have some funds for taxi’s or a cheeky coffee at the airport. But don’t take too much cash, only enough to cover your first couple of days. Don’t carry anymore than you are willing to lose! Using ATM machines abroad can vary. Some countries will have next to zero ATM machines which will accept foreign cards, like Japan, which is why it’s good to have cash on you till you find somewhere to withdraw. Taking a travel card is a good idea which is where you pre-load money onto the card and spend it in different locations across the world. Some Travel Cards may freeze the exchange rate or have it flexible so you get the best exchange rate when you spend! Using your home bank card is a popular option but can incur some hefty fee’s. Here are some tips: If you need to withdraw cash then don’t take out $50 at a time. Cover yourself for a few days and try not to use EFTPOS machines! --------------------- Important stuff --------------------- Support me on Patreon: https://www.patreon.com/psychotraveller DON'T FORGET TO BECOME A LITTLE PSYCHO: http://goo.gl/GnWOIt --------------------- Social media is sexy --------------------- Facebook: http://goo.gl/K0u8pa Twitter: http://goo.gl/FsbWJR Pinterest: http://goo.gl/qgRD4v Instagram: http://goo.gl/abzups SnapChat: @PsychoTraveller My blog: http://goo.gl/5zP0dG Business email: psychotraveller22 at gmail dot com --------------------- What I Film My Videos With --------------------- GoPro Hero 4 Silver: http://goo.gl/9AE4Yu Sony A5100: http://goo.gl/Fo1DDY --------------------- Some Sexy Stuff Right Here!! --------------------- Get $30 off your first stay on Airbnb: https://www.airbnb.com.au/c/aford34?s=8 Get $10 off GoPro accessories with the code “PsychoTraveller” here: http://www.sandmarc.com/ (Above are affiliate codes/links which mean if you sign up/buy a product, at no extra cost to you, I make a little bit of money to help me maintain my channel and blog!)
Views: 56074 PsychoTraveller
Guide to money in Japan - 5 things to know before your trip! Should you take cash or cards, where to get Japanese Yen and lots of tips and advice. SUBSCRIBE for more travel guides and vlogs from Tokyo, Fukuoka & Osaka. - How Expensive is Tokyo? https://youtu.be/0kkHrTQsi44 - Japan Trip Planning Checklist: https://youtu.be/OhbjDd8DqzQ - How to Get Around Tokyo: https://youtu.be/rvqitrtmziY In this video I answer all the things I wanted to know before I first went to Japan: - How much cash do I need? - How do you exchange Yen? (What's a good rate?) - How to work out how much things cost - Should I take cash or credit cards? - Do foreign cards work in ATMs? - Are foreign cards accepted in Japan? KAWAIIJA T-SHIRT available from https://www.cakeswithfaces.co.uk Etsy: https://www.etsy.com/shop/cakeswithfaces FOLLOW Cakes with Faces: https://www.facebook.com/cakeswithfaces https://www.twitter.com/cakeswithfaces http://instagram.com/cakeswithfaces http://google.com/+CakeswithfacesCoUk The music is free, created with Jukedeck. Sound effects from Freesound.
Views: 7359 Cakes with Faces
This is a currency card that works like a debit card but provides you with a better exchange rate than you would get at the airport. For more information click: https://www.weswap.com/en/
Views: 1546 Compare Holiday Money UK
What is DYNAMIC CURRENCY CONVERSION? What does DYNAMIC CURRENCY CONVERSION mean? DYNAMIC CURRENCY CONVERSION meaning - DYNAMIC CURRENCY CONVERSION definition - DYNAMIC CURRENCY CONVERSION explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ Dynamic currency conversion (DCC) or cardholder preferred currency (CPC) is a financial service in which Visa or MasterCard credit card holders, when making a payment in a foreign country, have the cost of a transaction converted to their home currency at the point of sale. DCC allows customers to see the amount their card will be charged, expressed in their home currency. DCC services are generally provided by third party operators in association with the merchant, and not by a credit card company. Credit card companies do not provide cardholders with a DCC option at the point of sale, and permit DCC operators to offer currency conversion in accordance with their card processing rules. Without DCC, the currency conversion is done by the credit card company when the account is charged to the cardholder's statement. Even though the credit card company will publish the exchange rate used for conversion on the statement, they do not disclose the exchange rate used to convert a transaction at the time of payment. Both Visa and MasterCard state that the rates they publish in advance of a transaction posting to a cardholder's statement are indicative, since the rates they use for conversion correspond to the date and time they process the transaction, as opposed to the actual transaction date. With DCC, the currency conversion is done by the merchant or their card processor at the point of sale. Unlike a credit card company, a DCC operator must disclose the exchange rate used for conversion at the time of the transaction according to credit card company rules which govern how DCC is offered. The DCC exchange rate must be based on a wholesale interbank rate, to which any additional markup is then applied. Visa requires this markup be disclosed to the cardholder. The credit card company may still charge an additional fee for charges made outside the card holder's home country, even when the transaction has been processed in their home currency with DCC. Proponents of this service believe that customers can better understand prices in their home currency, and this makes it easier for business travelers to keep track of their expenses. They also point out that the customer has full transparency inclusive of conversion fees, and can make an informed choice whether or not to use DCC. The financial benefit to the merchant or their card processor may be an incentive for the merchant to offer DCC even when it would be disadvantageous to the customer. Opponents of the service believe that customers do not understand DCC, and think the exchange rates offered may not be favorable to customers. Most credit card companies and many bloggers who are compensated by credit card companies recommend that consumers not use DCC when it is offered to them, but the financial benefit to the credit card company may be an incentive for them to discourage the use of DCC even when it would be disadvantageous to the customer.
Views: 585 The Audiopedia
When travelling, choosing to pay in your HOME currency can be 5% more expensive than paying in the LOCAL currency. SUBSCRIBE FOR MORE VIDEOS LIKE THIS: http://www.youtube.com/user/preet182?sub_confirmation=1 MY BOOK TO LEARN ABOUT THE BASICS OF PERSONAL FINANCE: https://www.amazon.ca/Stop-Over-thinking-Your-Money-Financial/dp/0143183516 Twitter http://twitter.com/preetbanerjee WEBSITE: http://www.preetbanerjee.com
Views: 16300 Preet Banerjee
You'll need Thai Baht to pay for your hotel, food, and other purchases in Thailand. However, when it comes to foreign exchange, banks make a hefty profit at your expense. Whether you're using a "fee free" currency converters, an ATM card, or credit card, the banking industry is out to make money and lots of it. Want to see more? Click the Subscribe Button Now! For more pictures and information go to http://theitravelchannel.tv/unlocking... Most cinemas live in giant shopping complexes where there is much more to do than to see a movie. So here are guide to Thai Cinema. LIKE us on Facebook http://facebook.com/theitravelchannel.tv FOLLOW us on Twitter http://twitter.com/itravel_channel Check our Behind-the-Scenes Photos on http://instagram.com/theitravelchannel
Views: 26199 iTravel Channel
Sonia Gil on the mysteries of exchanging Dollars for Yen, Yuan, Euro, Pesos and every other currency, plus how to deal debit and credit cards while traveling. The basics of currency exchange in three very entertaining minutes.
Views: 129096 soniastravels
There are two currencies in Cuba; The Peso (cup) and the Convertible Peso (cuc). If you are American you will need to bring money with you because your credit and debit cards do not work there. I recommend bringing Euro or Canadian dollars to exchange for Cuban currency. Exchanging US dollars will add additional fees.
Views: 5817 Ken Deckinger
https://www.instagram.com/mitchelltravels/ https://www.facebook.com/mitchellranceactor/ Hey, guys! Ever wondered about the best way to use your money abroad without feeling like you're paying too much in fees? I got you covered with my tips. - Accept the fact that there will always be a fee - Know the kind of country you're going to: Underdeveloped nations will require you to carry more cash. - Withdraw a large sum of cash from a local ATM, preferably, as soon as you land. - The less you withdraw, the less fees paid, so withdraw a lot at once. - Do NOT exchange cash at a currency shop/stand - Apply for a credit card that has no foreign transaction fees. - Venture Card from Capital One and AAdvantage by Citi are great choices. - Use your zero-fee credit card as often as possible to reduce fees
Views: 8873 Mitchell Travels
Euronet Worldwide, a US-based electronic payments provider, was operating 24,761 ATMs worldwide by March 2016. One year later they had another 10,000. The sight of Euronet ATMs has become ubiquitous in the centers of European cities like Prague, Berlin, and Budapest. Some streets have one every three buildings. Shops, restaurants, and exchange offices pocket handsome rewards in exchange for hosting these machines. Euronet is increasingly opening more and more of its own ‘branches,’ nests of ATMs, but nothing else. What drives this growth? What drives this growth? -- See full article: http://chrislettner.com/with-or-without-conversion-how-to-avoid-hidden-fees-when-withdrawing-money-abroad/ Big thanks to Broadcast Atlanta for producing this: http://broadcastatlanta.com/ -- One way ATMs make money today is by offering Dynamic Currency Conversion (DCC). DCC is a service by which ATM operators offer customers to convert the withdrawal amount into their home currency when taking out money abroad. DCC is the reason why ATMs abroad often ‘offer conversion to your home currency’ or ask whether you want want your money ‘with or without conversion.’ Of course, when the money on your account is in one currency and the cash that comes out of the machine is in another, the money is converted, regardless of your choice. The ATM operator is really just asking for permission to handle the conversion. ‘With conversion’ means the bank or company that operates the ATMs does the conversion. ‘Without conversion’ means your home bank or credit card company does the conversion. Whoever does the conversion applies an exchange rate. Setting that rate effectively allows them to take a cut. And this is the point: ATM operators tend to take big cuts. They offer bad exchange rates*. It’s a scam that goes by the name of Dynamic Currency Conversion (DCC) (..) The only thing more likely to screw you over than your bank, is a foreign bank. – Transferwise.com Blog The difference between the rates offered can be as much as 10% or more. This means that if you take out €100 worth of cash, your account might be charged either €102 or €112.2 depending on which option you chose. That’s an extra €10.2 for taking out money just once. It might not be a coincidence then that Euronet ATMs tend to congregate in the centers of cities where there are lots of tourists and visitors carrying foreign credit cards. They are rarely seen in the suburbs or smaller towns. Euronet is also oddly persistent in getting customers to choose their exchange rates and in nudging them towards taking out as much money as possible. *Of course avoiding DCC is not necessarily always the better option; it’s always best to ask your bank what you will be charged. -- Have you ever had an experience, good or bad, with Euronet or Dynamic Currency Conversion and would you like to share it? Send and email to [email protected] or a message to https://www.facebook.com/chris.lettner or https://twitter.com/ChrisLettner
Views: 12125 Chris Lettner
What is the best way of getting money in and out of China? If you are coming to China, should you bring cash or credit cards? Will your bank card work in ATMs and Chinese banks? What is the exchange rate in China? Can you use USD in China? Want to survive in China? Let me show you how. Join me on Facebook: http://www.facebook.com/winstoninchina Support me on Patreon: http://www.patreon.com/serpentza Twitter: @serpentza Music used: starlitdeception.s3m
Views: 67039 serpentza
What is EXCHANGE RATE? What does EXCHANGE RATE mean? EXCHANGE RATE meaning - EXCHANGE RATE definition - EXCHANGE RATE explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. In finance, an exchange rate (also known as a foreign-exchange rate, forex rate, FX rate or Agio) between two currencies is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country’s currency in terms of another currency. For example, an interbank exchange rate of 119 Japanese yen (JPY, Y) to the United States dollar (US$) means that Y119 will be exchanged for each US$1 or that US$1 will be exchanged for each Y119. In this case it is said that the price of a dollar in terms of yen is Y119, or equivalently that the price of a yen in terms of dollars is $1/119. Exchange rates are determined in the foreign exchange market, which is open to a wide range of different types of buyers and sellers, and where currency trading is continuous: 24 hours a day except weekends, i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday. The spot exchange rate refers to the current exchange rate. The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. In the retail currency exchange market, different buying and selling rates will be quoted by money dealers. Most trades are to or from the local currency. The buying rate is the rate at which money dealers will buy foreign currency, and the selling rate is the rate at which they will sell that currency. The quoted rates will incorporate an allowance for a dealer's margin (or profit) in trading, or else the margin may be recovered in the form of a commission or in some other way. Different rates may also be quoted for cash (usually notes only), a documentary form (such as traveler's cheques) or electronically (such as a credit card purchase). The higher rate on documentary transactions has been justified as compensating for the additional time and cost of clearing the document. On the other hand, cash is available for resale immediately, but brings security, storage, and transportation costs, and the cost of tying up capital in a stock of banknotes (bills).
Views: 423 The Audiopedia
How to exchange money in Japan? Japan is a cash society. Luckily, it is the safest country in the world so it's okay to carry large amounts of cash with you at all times without the worry of being mugged or held up. Generally there is no need to buy Japanese yen in your home country before your trip, as you will most likely pay a higher commission (about 3%) and a worse exchange rate than you would get at the airports, banks, or ATMs in Japan. If you are changing cash, you frequently get a better rate at certain airport counters because they hold and trade that same cash out, but in inside the country the spread on cash is 3 to 4%. Hint: Many machines issue bills of 1,000 and 10,000 yen. If you prefer to have some smaller bills, withdraw an amount such as 19,000 Y for 9 x 1,000 Y notes instead of 2 x 10,000 notes by withdrawing 20,000 Y. Breaking a large bill for a small amounts does not seem to be a problem in Japan though - most merchants carry plenty of change. Credit cards are accepted at major hotels and larger restaurants. Small business hotels and small restaurants generally do not accept credit cards. The credit card company will charge a fee on your bill for foreign exchange (usually 1-3%), and there may be a surcharge from the retailer/hotel to pay by credit card - ask first. Foreign currency and foreign travelers checks are not accepted anywhere in Japan except on certain U.S. military bases and facilities . Life in Okinawa keeps getting better! Feel free to email me with questions at: [email protected] The Attorney That Rides https://www.youtube.com Alex at JOY Housing Address: 〒904-0112 Okinawa Prefecture, Nakagami District, 北谷町浜川１１７−２４ Phone: 098-983-7811 For great OkiLife gear please visit: https://okilife.jp/ To my friends in Yomitan who keep me fat & happy with delicious pancakes! http://www.jakkepoes.com/ MUSIC BY DJ QUAD Find me on: Instagram: @QBNTO1 TWITTER: QBNTO1 EMAIL: [email protected]
Views: 7706 QBNTO1 My life In Okinawa
Find out how to exchange your currency for British Pounds when visiting London. I also tell visitors to London how to get British Pounds before getting to London, and tips for spending your money while you're here. *click "see more" to get my London guide* My other London advice videos: 10 Important Things to Know Before Visiting London: https://www.youtube.com/watch?v=xX9OkVTnQUc&index=1&list=PL6u96nZN-L_bjBvhTdAYvq0EpL3y-At9C How to Get Around London: https://www.youtube.com/watch?v=TaArq1R1n1c&list=PL6u96nZN-L_bjBvhTdAYvq0EpL3y-At9C&index=2 What to Pack When Visiting London: https://www.youtube.com/watch?v=HlFIY6ZiMI0 Subscribe for more videos like this every week (it's free): https://www.youtube.com/subscription_center?add_user=loveandlondon **Get my free London 101 Guide!! http://loveandlondon.com/london-101-guide-main?utm_source=Youtube&utm_medium=video&utm_campaign=Money Mentioned in this video: Find UK Post Office locations in London: http://www.postoffice.co.uk/branch-finder XE currency finder app: http://fave.co/1sGFlUF Capital One card: https://www.capitalone.com/credit-cards/average-and-building/?Log=1&EventType=Link&ComponentType=T&LOB=MTS%3A%3ALCTMMQC4S&PageName=Credit+Cards+Home&PortletLocation=4%3B16-col%3B2-2-1-1&ComponentName=Average-credit-cchp%3B41&ContentElement=1%3BAverage+or+Building+Credit&TargetLob=MTS%3A%3ALCTMMQC4S&TargetPageName=average+or+building&referer=https%3A%2F%2Fwww.capitalone.com%2Fcredit-cards You can also find me on: Blog: http://loveandlondon.com Twitter: http://twitter.com/jess_inlondon Instagram: http://instagram.com/jess_inlondon Facebook: http://facebook.com/Loveandlondon Pinterest: http://pinterest.com/jess_inlondon Snapchat: jess_inLondon Music Provided by NoCopyrightSounds: Kontinuum - First Rain: www.youtube.com/watch?v=SKI1P2gEK54 Kontinuum: https://soundcloud.com/Kontinuum
Views: 63712 Love and London
Wera Minutessss #7 🤑 Mexican Pesos are beautilful! Today 1USD=20.65 MXN Common Questions: 1) Should I exchange my money for pesos? YES!! You in another country use their money! 2) Where should I go? Bank or Casa De Cambio=House of change- They usually charge about 1.5-2 pesos for 1USD. ***Tip*** When you can use a credit card/ debit card you get exact exhange! (This is good if your bank fees are low or non-existant)
Views: 798 My Trish Advisor
This video explores tips on getting cash when traveling abroad. Don't use the currency exchange counters on your next trip ... watch this video first! --- HELPFUL LINKS: - Foreign Transaction fees for major US banks & credit unions ⇨ https://nerd.me/2rBi7CN --- PRODUCTS MENTIONED: - Charles Schwab High Yield Investor Checking (use REFER6ZT8H to receive a $100 when opening a new account) ⇨ http://tripast.link/schwab --- EQUIPMENT (USED TO CREATE VIDEO): - See our full list of gear ⇨ http://tripast.link/tools --- ADVERTISER DISCLOSURE: This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. --- SUPPORT US (USING OUR REFERRAL LINKS 😊): - Credit Card Offers ⇨ http://tripast.link/credit-cards - Shop on Amazon (US) ⇨ http://tripast.link/amazon - Shop on Amazon (UK) ⇨ http://tripast.link/amazon-uk - Travel Insurance (via World Nomads) ⇨ http://tripast.link/insurance --- TRAVEL DISCOUNTS: - Lodging & Transportation ⇨ http://tripast.link/lodge-transport - Shopping & Services ⇨ http://tripast.link/shopping
Views: 8511 Trip Astute
If you’ve traveled abroad recently and tried to pay with your credit card you were likely asked whether you wanted to pay in the local currency or dollars? If you’re like me, you didn’t immediately know how to answer. Well… I’m here, shouldn’t I pay in your currency? Paying in dollars sounds nice, I know dollars! This question comes from an innovation in finance called dynamic currency conversion which allows merchants to convert your transaction to your home currency on the spot. Sounds wonderful doesn’t it! Well today I’m going to explain why it’s almost universally bad for us as consumers and how you can avoid it to save money. Alright, so how does it work, let’s look at two transactions. Both of which you’re at a café with a 10 euro bill. If you elect to pay in dollars, using dynamic currency conversion you’ll receive an unfavorable exchange rate with an added fee of 2-3.5 percent. Compare that to paying in euros. Your credit card company will convert euros to dollars at the market exchange rate, which is more favorable and won’t add any fees! It’s really that simple. Choosing to pay in your home currency sounds temping and comfortable, but really they are asking “would you like us to give you an unfavorable exchange rate and add some fees?” Some people choose to pay in their home currency because they believe it will save them from getting hit with a foreign transaction fees. First, it’s very easy to get a credit card with no foreign transaction fees so this really should be an issue. But let’s explore this misconception for a second. Although dynamic currency conversion allows you to pay in your home currency, it doesn’t change the fact that it’s a foreign transaction. Therefore most banks will still charge a foreign transaction fee, even if you paid in dollars. Just as they would if you were in Equator or another country that uses the U.S. dollars as their currency. So now you know that dynamic currency conversion is bad, so what can you do about it? Well the first step is to make your preference known when you’re paying. I’ve gotten in the habit of immediately telling the merchant that I’d like to pay in euros when I hand them my credit card. For the most part they acknowledge my request and select euros. However, some merchants either by mistake or maliciously, because they receive a cut of the additional fees, still choose dollars. That brings us to the second step, take the credit card machine when paying. Hand-held credit card readers were created to protect consumers. They allow you to maintain sight of your card and verify the transition amount. Now with dynamic currency conversion, you need to hold the machine a bit longer to choose your payment currency. This may feel weird at first, because in America you would never take the machine from the merchant, but its common in other cultures so get in the habit. If you are doing your best on step one and two and still getting charged in dollars, that leaves you with step three: fight the charges. Now if the bill is for $10 or $20, it really might not be worth it to save a dollar. But if it’s a large bill, you may want to dispute it. To do this, refuse to sign the receipt where you were charged in dollars, as that is an acknowledgement that you agree to the fees and want to pay in dollars, and ask them to rerun the transaction in the local currency. Yes, you’ll end up with two charges on your credit card statement, but you can easily follow the normal process for disputing duplicate transactions and quickly have the dollar one reversed. In my post 4 Tips for Spending Money Better Abroad, I recommended using your credit card whenever possible for two main reasons, its more secure than cash and you’ll earn rewards points for your spending. Now if you find that you’re mistakenly paying in dollars often, don’t like reminding merchants, or want to avoid causing a large scene by not signing a receipt on your honeymoon, just pay with cash. The benefits of using a credit card abroad are quickly eclipsed by the fees associated with dynamic currency conversion and it may not be worth the trouble. Check out the post for more details on dynamic currency conversion and how to avoid it. Especially if you use Airbnb to book accommodations abroad because I include a pro-tip in the post that will help you avoid the hidden fees and save money next time you’re abroad!
Views: 1281 David Jacoby
Revolut travel money card. Very useful if you're heading away for the summer. Sign up today using my link below and you'll save money, Revolut will waive the £5/ €6 Revolut delivery fee! So free cards!! SIGN UP TODAY ✌️ Revolut website = https://goo.gl/qbtJPe Help support my channel shop with Amazon - https://amzn.to/2zt1awV Music https://www.ninety9lives.com
Views: 108902 Openly Intel
What is the best way to exchange currency? Without all the fees, of course. One of the best options is to withdraw cash from one of your bank's ATMs in the local currency. You'll be hit with an ATM fee and exchange fee, but it will be less than many money changers. I don't know if there will be an ATM for my credit union abroad. Many banks let you use your debit card abroad. There will be a currency exchange fee, but it's a flexible way to pay your bills. What about the Cambio booths in a lot of airports and transportation hubs? They may look like ATMs, but they charge some of the highest exchange fees. You'd be better of using a local American Express. I don't have an American Express card. They'll still exchange your currency for a fee. And then there's the option of just exchanging currency. That's what we were talking about! No, no, I mean asking locals if they will take American dollars. They may haggle with you for dollars, and convert the currency themselves later at the local bank. Can I change currency at a local bank? Yes, but American bank branches and American Express have lower fees. And never, ever change currency at the hotel unless you have no other option. Why not? You will pay as much for the convenience as you will for the service. What do you think about trading on the Forex? It is a good way to lose a lot of money, and it is even worse when trying to convert currency so you can go on a trip. What about using a local currency exchange kiosk? Or individual currency dealers? Why don't you just get a sign that says "kidnap me" and get in anyone pretending to be a taxi? They prey on dumb tourists. I'm not abroad yet.
Views: 22640 FamilyCheapskate
Just got my REVOLUT contactless Mastercard .!!! Spend abroad with no fees !!! It doesn't matter what currency you have and in what currency you buy online or offline. Revolut charges you with the current exchange rate. You can spend fee-free with the real exchange rate in over 130 currencies. Send money globally for free Fast, free and secure money transfers to bank accounts in over 120 countries, while saving you up to 8% by using the real exchange rate. Buy and exchange cryptocurrency instantly You can buy, hold and exchange Bitcoin, Ether and Litecoin with 25 fiat currencies instantly the best possible exchange rate. https://www.revolut.com
Views: 552 ScreenTutor
My services - http://ukrainianspace.com/services-2/ Contact me: Linked In - https://www.linkedin.com/in/olga-rezn... Page of my blog in FB - https://www.facebook.com/ukrainianspace/ My personal FB page - https://www.facebook.com/olga.rezniko... Reznikova Assistance - https://www.facebook.com/reznikovaass... Instagram - @olgareznikova Twitter - https://twitter.com/ukrainianspace For business correspondence - [email protected] First thing which you should do after arrive to Ukraine - it’s exchange money to local currency of course. Official currency in Ukraine is hryvnia (UAH), and you can pay for things only in local currency. Make some money exchange in airport. Everybody think that in airport is very bad exchange rate and you should wait till you will come to city and exchange money. But it’s not totally true. Just when you get out of gate in KBP airport, you will see the first exchange office, and yes, pass it and go farther, to two bank offices. They has good exchange rate, so you can use them. Take preferably USD, EUR or GBP with you. You can find currency exchange almost everywhere, but at the same time most of exchange offices accept USD, EUR, GBP. If you have any other currency, try to exchange it in your country to one of those which I mentioned, an you will not have problem with exchanging them. Of course even if you are coming with the most rare currency to Ukraine, you still can exchange it in Exim bank (state export-import bank of Ukraine), but better not to have this headache. Don’t exchange big amount for one time. If you are going to pay for most of things by credit card, I suggest you to exchange 100$, and until you will not spend all, don’t exchange more. -~-~~-~~~-~~-~- Please watch: "Aviation Museum in Kiev: don't miss the visit!" https://www.youtube.com/watch?v=co-OkDVk9zA -~-~~-~~~-~~-~-
Views: 5461 Olga Reznikova
apps link: https://play.google.com/store/apps/details?id=com.shidunagargoje.paycreditcardbill [ Thx for Watching ♥ Don't Forget to Like & Subscribe ] ~~~~~~~~~~~~~~~~ 🔸 NoteIn this video i will show you how to convert any Bank credit card transaction in EMI online.
Views: 40820 Online tricks
Use code "myxlck" and get 3% off every purchase on Genesis Mining. Upgrade with my code and leave a comment with amount of M/H or T/H and I will use your code in return. Use the link below to register or purchase hashpower. https://www.genesis-mining.com/a/854520 Use the link below to register or purchase hashpower. https://hashing24.com/?rid=53616c7465645f5f4718e50c26a93dbae4f19774fa33fb40 Register here at coinbase using this link to get £7 ($10) worth of bitcoin free. https://www.coinbase.com/join/57b8b6f28a4ad14dbf2a08c0 Use this link to sign up for a Bitcoin debit card to cash out your Bitcoin to Cash £££. You will get 25% off when you purchase the plastic card. https://app.wirexapp.com/join/vYBusn29d0aaNKywTWr75A BTC Donation Address: 1MAwuvrNAExf1RUdFmnTT2joxq7F2pxnyh
Views: 7934 RvMajor
This video is a step by step process of How to convert your Credit card transaction (Debit) to EMI (Easy Monthly installment) and pay comfortably when you are not in a situation to pay the whole credit card bill at one go. To know more about EMI - https://youtu.be/OhyS2OmUld8 Subscribe #skshares : http://bit.ly/skshares About Channel: We share some How to, DIY, tips and tricks about Technology, Money and their management, those are the same which even I use in my daily life. (In 3 languages - English, Hindi, and Telugu)
Views: 31184 S K Shares Tech
This is my new series of vlogs. I am NOT an expert and I do NOT know everything, so what I say in these vlogs is based on my personal experience or research. I have been a visitor to Thailand for 2 years this month (October), I first went on a "last ditch, what the hell" trip following my failed back surgery. I could hardly walk and took my walking aid with me. I went to Udon Thani to go to an Agency for finding Thai ladies, who suggested that my disablement was not a factor in finding a nice lady for long term relationship. The agency allegedly vet the members and a lot of their clients come from America. The owner is an ex-Brit and his wife a Thai, had started the agency because of their experiences with relationships etc. So, I have a Thai wife and have been going back and forth for two years. During 2015 my wife got a visitor visa and came to the UK for 6 months. Unfortunately the UK Immigration denied a second visa this year based on made up reasons. THIS EPISODE: Money exchange and the best way of getting cash for changing into Thai Baht. i used to do the ATM thing, but realised I am getting hammered with charges in thailand and back home. As suggested by several vloggers, I am going to try the take money with me idea and use currency exchange booths to see if it is cheaper. Kev in Thailand gives an update to the currency rates on a regular basis... his channel is here: https://www.youtube.com/channel/UCVXPv9Zg34vrexMMlmwLnXQ My vlog about things I take and bag packing is here: https://www.youtube.com/watch?v=T8s_iKVSqc8&list=PLJP-J-gQyhfZ7BA8xabCvQWLjtJyjbOdR&index=163 and my vlog about my essentials (copies of documents etc) is here: https://www.youtube.com/watch?v=uYXMAUFFvuo&list=PLJP-J-gQyhfZ7BA8xabCvQWLjtJyjbOdR&index=164 ----------------------------------------------------------------- CREDIT ROLL ------------------------------------------------------------------------------------------------------- Andy Wright Online (travel guru) - www.andywrightonline.co.uk Training the Wright Way - www.trainingthewrightway.co.uk The Wright Inspiration - www.thewrightinspiration.com Website Designs R Us - www.websitedesignsrus.co.uk Arcade Software - www.arcadesoftware.co.uk Arcade Video - www.arcade-video.co.uk ---------------------------------------------------------------------------------------------------------- Music is licensed (royalty/copyright free) generally via AKM Music or using Creative Commons Licences. Sound effects via various "copyright free" websites. ---------------------------------------------------------------------------------------------------------- Canon EOS 700D (T5i) with 10-18 and 18-55 lens Manfrotto Befree and Velbon EX-430 Tripods Rode VideoMic GoPro Hero 4 Silver 64gb microSD Zhiyun Z1 Evolution gimbal Kodak multi-card reader Maxtor USB external drives, 2TB and 4TB ---------------------------------------------------------------------------------------------------------- Please support my efforts by donating via Paypal. Here's the link https://www.paypal.com/cgi-bin/webscr?cmd=_donations&[email protected]&item_name=Andy%20Wright%20Online%20Donation&item_number=AWO_DONATION¤cy_code=GBP&no_shipping=0&no_note=1 ----------------------------------------------------------------------------------------------------------- Contact me via email on [email protected] and by snail mail to the address on my website contact page.
Views: 4589 Andy Wright Travel
So you want to go on Vacation to Mexico? We recently went to Puerto Vallarta and have been to Mexico in the past. So it’s time to share some Mexico Money Saving Tips with you guys to help you have the Ultimate VACATION for Less! Tip #1: When booking resorts in another country, I would recommend using something like TripAdvisor.com. You can see the ratings of each hotels in that city and what specific things other families or couples said about the resort. Tip #2: Oyster.com is another great resource that you can use. They travel to each of the hotels and take real pictures that haven’t been edited so you can see what the resort really looks like. Tip #3: You can lose a LOT of money when heading to another country, if you don’t understand exchange rates or how it all works. And if you exchange your money at the wrong location, you will pay a higher fee or even a higher percentage on the exchange rate. Your best bet is to use a credit card that has a 0% foreign transaction fee. I would NEVER pay with American Dollars and have them give you back Pesos. You will lose a lot of money and not realize. So it’s best to have Pesos on you to purchase with cash. If you can get to a Bank in Mexico, it’s your best bet to getting the lowest fees on your exchange rate. However, if traveling to the city or bank location is out of your way and will end up costing more money than exchanging somewhere else, your 2nd best bet is to exchange at the airport right after you land. NOTE: There are multiple exchange rate services at the airports typically. So check to see what exchange rates they have AND their service fee. Lastly, if you have enough time, you can order foreign cash through your bank BEFORE your trip! Tip #4: If you have never traveled to mexico before, you’ll want to know that you should never, ever take a first price you hear when purchasing products. You can always negotiate. You’ll go back and forth with the shop owner until you come to an agreed upon price. Tip #5: Shop around when it comes to excursions. Tip #6: In Mexico, always, always, always keep your valuables in the room safe! Laptops, Passports, money, jewelry, cameras… they should all go in your in-room safe every single time you leave it. Tip #7: For most places in Mexico, you won’t need any sort of power converter or power adapter. So that alone, will save you anywhere from $30- $100. Tip #8: For transportation, check with the hotel you are staying at and see what kind of transportation they offer for either free or for rent. Renting a car outside of the U.S. can be expensive insurance wise and may not be your best option. Riding the local bus transportation is something our family has done and depending on how touristy your destination is, you’ll see a lot of other people doing that as well. If you do choose to travel by Taxi, PLEASE make sure that you are getting in a REAL Taxi Cab! There are a lot of fakes and look-a-likes. Tip #9: Make sure your bank knows you will be traveling out of the country so they don’t put a block on your cards. Tip #10: If you need access to emails, texts or phone calls on your cell phone, call up your provider and see what sort of short-term out of the country type of plan they have. For us, it only cost us $2 a day to have those services while we were in Mexico! Tip #11: Bring any of the sweets or chocolates you love with you in your suitcase! Mexico’s chocolate is pretty bitter and they don’t use a lot of sugar in their food. You can head to one of their OXXO Gas Stations (similar to a 7-11) to buy American Snacks.. but they are expensive. Coming Up Soon: Duty Free Inside Airports and How to Save! Don't forget to SUBSCRIBE to my Channel so you don't miss those tips too: http://Freebies2Deals.com/YouTubeSubscribe That way, YouTube will let you know when my next video goes up live! (Don't worry, it's free!) FOLLOW ME: 💙Instagram ➜ http://www.Instagram.com/TheMeleaShow 💙Periscope ➜ for LIVE Videos: @Freebies2Deals 💙Facebook ➜ http://www.Facebook.com/Freebies2Deals 💙Pinterest ➜ http://www.Pinterest.com/Freebies2Deals 💙Twitter ➜ http://www.Twitter.com/TheMeleaShow Itro & Kontinuum - Alive (provided by NCS) https://www.youtube.com/watch?v=-xKKo7t72Tg ▽ Follow Itro SoundCloud https://soundcloud.com/itro Facebook https://www.facebook.com/officialitro Twitter https://twitter.com/itromsc YouTube http://www.youtube.com/user/officialitro Website http://www.itromusic.com/ Instagram http://instagram.com/itromusic/ ▽ Follow Kontinuum SoundCloud https://soundcloud.com/kontinuum Facebook https://www.facebook.com/itsKontinuum Twitter https://twitter.com/itsKontinuum Instagram https://instagram.com/itskontinuum 🌟Tune-In Every Tuesday and Friday at 10am MST (9am PST, 11am CST, 12pm EST) to watch a new video! XO, 💕Melea
Views: 28752 The Melea Show
Don't let the overseas store/bank do the currency conversion - the rates are awful and you might be charged exchange fees twice More ways to save money while travelling in the HandWallet Expense Manager & budget app for Android: https://play.google.com/store/apps/details?id=mediavision.handwallet When you need to pay in a foreign currency you have to be careful about exchange rates and fees. Depending on where and how you change your money, you could end up paying a lot more! Stores often have terrible exchange rates, so when you’re buying something with your credit card abroad, it’s best to use the local currency. You’ll save a lot more money.
Views: 240 Expense Manager
On our 9-week, 6-country summer in Europe, we've worked with 5 different currencies. Tim shares what he does to make sure we keep exchange rates straight whenever we travel internationally. We discuss our credit card and cash strategies. What do you select when offered payment in the local currency or US Dollars? How can you add a tip on a credit card? How do I pay no fees on my credit card purchases and ATM withdrawals? How do I spend all the local currency in my wallet before I leave? Does anyone use traveler's checks? How about a PIN-enabled credit card? Do I need one? Please like this video if you enjoyed it. Subscribe if you'd like to see more. Comment if there's anything you'd like answered, corrected or just to say hello or give advice (we reply to every one of them!). If you wanna be our favorite viewer, share it. :) About us...we are Tim and Amy and we retired early (in our 40s) after reducing our expenses by $6,500 a month. Now, our big splurges tend to be travel and health-related versus stuff. Please check out our other videos! Some are about our traveling adventures, others are about out new(er) life of FIRE (financially independent, retired early) and financial freedom. You can find us at... www.GoWithLess.com Facebook - https://www.facebook.com/GoWithLess/ Twitter- https://twitter.com/GoWithLess Instagram - https://www.instagram.com/wegowithless/ Thanks for watching!
Views: 98 GoWithLess
How to get Russia visa - http://www.touristhelpline.com/how-i-got-russian-tourist-visa/ SUBSCRIBE - https://goo.gl/dEtSMJ (‘MountainTrekker’) Previous video - https://youtu.be/8yD8ENUDe1A Next video - https://youtu.be/ZD12D7VRN0o This is the first day of my Russian trip. I am in Omsk. In this video, you can see how to get a tourist sim in Russia. Also, you will come to know how to get Russian Ruble. Instead of using a money exchanger I used an ATM which had its services available in English. Surprisingly, I got an excellent exchange rate by using the ATM. I have shared the ATM's receipt and the SMS I got from my Indian bank in the video. I don't know this happened because of the Indian bank or it was a special feature of the Russian bank which owns the ATM. I can recommend this bank's ATM to every traveller as it gives a better exchange rate. In this video, there is a query about a free offer provided by the mobile operator. Watch it and reply in the comments section. If you have any other query feel free to ask at - www.facebook.com/groups/touristhelpline (It may not be possible for me to answer each and every query here, but other group members, travellers, and travel experts can help you) Other travel series - # THAILAND playlist - https://goo.gl/dOUJck # EUROPE Playlist - https://goo.gl/Tlx9mJ # BANGLADESH playlist - https://goo.gl/uw1y1v # SPITI (India) playlist - https://goo.gl/xqvvQ6 # MALAYSIA playlist - https://goo.gl/2a3doK # RUSSIA playlist - https://goo.gl/BB54T4 PLEASE SHARE THE VIDEOS AND LET OTHERS GET INFORMED ABOUT THIS CHANNEL My blog: www.touristhelpline.com INSTAGRAM.com/varunvagish FACEBOOK.com/page.mountaintrekker TWITTER.com/mttrekkerindia Subtitles Credit : ZARA SNA
Views: 433892 MOUNTAIN TREKKER
Best foreign exchange rates Video Link: https://youtu.be/5KZpTCKldHU Find the best foreign exchange rates for your travel money. Compare travel money prices from all major providers inch Travelex, Post Office & Fairfax. BEST FOREIGN EXCHANGE.com, 1.2760, 1.4260, 160.75, 1.8730, 12-03-2016 Country. Currency, Buying Rate (£), Selling Rate (£), Last Updated. Get the best deal on your travel money by comparing all the latest offers on foreign currency and exchange rates. See all of our commission free currency. Subscribe My Channel: https://www.youtube.com/channel/UCP5zUZQnDR-scRa0oUl8jPA Website Link: Best foreign exchange rates Find all of the current exchange rates on a variety of different currencies including Dollars, Pounds, Does it pay to shop around and compare currency rates Compare AUD currency foreign exchange rates & fees from Banks and Online Foreign Exchange Brokers - quickly find the best deals - save time and money. How can you minimize fees and get the best exchange rate when traveling in a foreign country Learn how to evaluate exchange rates, avoid pesky fees. #Best foreign exchange rates #best foreign currency exchange rates #best foreign exchange rates for cash #best foreign exchange programs #compare foreign exchange rates #best foreign exchange rates on the high street #best foreign exchange rates credit card #best foreign currency exchange #best foreign currency
Views: 48 Online Stock Trading Training
Should you carry foreign currency or card on your trip abroad? This is one question that bothers everyone. In this video we are giving some travel tips that will help you take the right decision and save some money If you like our tips than don't forget to like our video.
Views: 4032 The Rovers Production
Hope you'll enjoy it. LOVE YOU ALL Please give it a thumbs up, share, comment if it deserves. Please SUBSCRIBE to the channel and support me in uploading more videos. I upload new videos every alternate day. Your one click means a lot. You can also follow me : Android App: https://www.youtube.com/user/abhi193vr Youtube: https://www.youtube.com/channel/UCeJgRQ135RxnQjtlMwAfi_A Facebook: https://www.facebook.com/YouTube-ABHI-146537415681659 Facebook Myself: https://www.facebook.com/abhilash.gowda.731 Google Plus: https://plus.google.com/u/2/+abhi193v Instagram: https://www.instagram.com/abhi193vr/?hl=en Twitter: https://twitter.com/abhi193vr Music credit: https://www.bensound.com "Music: www.bensound.com" or "Royalty Free Music from Bensound" ►►►►►►►►► THANKS FOR WATCHING ◄◄◄◄◄◄◄◄◄ ► AND DON'T FORGET TO LIKE COMMENTS AND SUBSCRIBE! If there are any copyright issues with any videos posted here I will remove them. please contact my email: [email protected] Disclaimer - the video is for educational purpose only. Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. Thank's & Regard's Abhilash V R
Views: 7643 Abhilash V R
For more information on credit card processing, visit us at https://www.centurybizsolutions.net/ Script: Merchant: Hello. Can you explain how credit card fees work? AI: Absolutely. What do you want to know? Merchant: Everything. Start from the beginning. AI: Well, let’s see… in 6,000 BC, a system called bartering was developed to help early humans exchange value— Merchant: Wait, that’s too far back. I want to learn how credit card processing fees work so I can finally understand my monthly statements. AI: I can help you with that. I’ll start by explaining the entities that are involved in credit card processing. Here’s what a normal credit card transaction looks like from your perspective. Your customer gives you a credit card, and you run it. Merchant: So far so good. AI: But when you zoom out, it’s a much more complex picture. With every transaction, there are five entities involved, each playing an important role. You have the customer’s bank, the credit card brand, the credit card network, the processor… Merchant: And then there’s me. AI: And then there’s you. Here’s the thing, Merchant. Each of those entities will charge you a fee for every transaction. The largest fee comes from your customer’s bank, and it’s called the interchange fee. The card brand charges an assessment fee, and the card network charges you an authorization fee. Lastly, your processor charges you a discount rate. Your interactions with the first three entities are usually minimal. That’s why the processor exists—to maintain your merchant account and communicate these fees to you. Your processor keeps you in the game, so to speak. Make sense so far? Merchant: Yeah. So can I haggle with the credit card processor to lower all those fees? AI: No, the only fee that you can significantly change is the discount rate, which the processor controls. But that can make a big difference in your monthly statement. Merchant: How can I do that? AI: Well, you can do a couple of things, Merchant. Credit card processors will offer you three pricing plans: interchange plus, flat rate, and tiered pricing. Avoid tiered pricing. That plan is the least transparent and you are more likely to be overcharged on your transactions. Merchant: Avoid tiered pricing, got it. AI: Right. If you’re choosing an interchange plus plan, negotiate for a lower discount rate from your processor. If you’re choosing a flat rate plan, negotiate for a lower overall flat rate. You’ll have to do some research and take a look at your past transactions to know what a fair rate for your business is. One more tip—make sure you’re processing credit card transactions as securely as possible. It’s one of the few ways you can lower your interchange fees. Merchant: Why does that matter? AI: You’re showing the banks that the transactions you process have a lower risk of fraud, which they reward with lower rates. Merchant: Ohh. AI: Here are four ways you can secure your transactions to reduce your interchange fees. First, enter in additional line-item information, address, and zip code when running a credit card. Second, use a payment application or payment gateway that allows for more secure levels of processing. Third, when you preauthorize a transaction, make sure to capture it within a couple of days of the preauthorization. And fourth, don’t capture for more than the original preauthorization. Merchant: Thank you. AI: You’re welcome, Merchant.
Views: 2736 Century Business Solutions
Send Money Overseas Using Your Credit Card // http://bit.ly/2CtDR4V Sending money overseas with a credit card is possible, in this video we discuss how you can do it, the providers that will let you and what you need to be aware of. TransferWise, Western Union and PayPal all offer ways for you to make international payments this way. 3 Minute Read - To find out more about sending money overseas using your credit card, you can read our article here: http://bit.ly/2CtDR4V 2 Minute Read - You can browse our 37 guides to international money transfers and learn more about sending money overseas. Click here to read: http://bit.ly/2C8JJ3j Disclaimer: The interbank rate at the time this was made on November 29th 2017 was 0.7594. These exchange rates and fees were correct at the time of production and are not necessarily indicative of the rate you would receive when transferring money overseas. ____________________________________________________________________ Subscribe here: http://bit.ly/2yrSi7B Facebook: https://www.facebook.com/TheCurrencyShop LinkedIn: https://www.linkedin.com/company/the-currency-shop/ Website: https://www.thecurrencyshop.com.au ____________________________________________________________________ Contact us: 1800 004 930 [email protected] ____________________________________________________________________
Views: 1078 The Currency Shop
Hello Friends, Iss video main jaaniye ki credit card companies interest kaise calculate karti hai..?
Views: 5218 All Stuff
Best Credit Card for Overseas Travel and Online Shopping spend for Australians! (My opinion only) 🔴 Subscribe: https://goo.gl/vvWZTw DISCLAIMER: This video is for general knowledge and entertainment purposes only and should not be considered as financial advice. You should research before making decisions. If you are unsure, you should contact a qualified financial advisor before making decisions. I have used this card for the last 20years+ and found it to be the best for the following reasons: No Annual Fee Accepted most places being a Mastercard No fees for Overseas online shopping No Foreign transaction fees No International currency conversion fees Up to 55 days interest free on purchases Free Worldwide replacement Special offers exclusive to Mastercard cardholders Free concierge service to help plan your next holiday Uses the Mastercard exchange rate which is very close to Xe.com rate. Google Pay(Not advertised on website and Live chat was unable to confirm but I have it on my phone!) Samsung Pay Apple Pay Barefoot Investor recommended. All credit cards have negatives and the following are for his card: No rewards points for Frequent Flyer programs or products. Have been known to provide an initial Low Credit Limit Bpay fee for paying off the card balance Best to pay card balance via My account--- "PAY MY ACCOUNT" --(From My Bank Account) on the card website to avoid any fees. -------------------------------------------------------------------------------------- 10% OFF Site Wide Code: GD10 Windows 10 Pro $14 and Cheap Game Keys: https://goo.gl/tWgD8B Windows 10 (for new systems): https://goo.gl/4Rry6u Windows 10 retail (for upgrading from Win Home) https://goo.gl/ebgtMa Office 2016 PLUS: https://goo.gl/dZrAAh -------------------------------------------------------------------------------------- 👂 Listen to 2 audiobooks FREE when you sign up for an Amazon Audible 30 Day Free Trial: https://amzn.to/2Kegjp9 📘 Best Australian Personal Finance Book: https://amzn.to/2q7xqAg 📔 Second Favourite Finance Book: https://amzn.to/2q98rN1 MY GEAR: 📱 Mobile Phone: https://amzn.to/2qMiUOM 💻 Laptop: https://amzn.to/2qMtt4m 🖱️ Mouse: https://amzn.to/2qJlncz LET'S CONNECT: 🔆 Twitter: https://goo.gl/JdxYL4 🔆 Instagram: https://goo.gl/1ZmBzv Bonus Referral offer links:....it's a WIN=WIN Kogan: https://www.kogan.com/au/r/QZ9A22/ 💵 Cashrewards: http://fbuy.me/frPbj 📈 SelfWealth: https://goo.gl/YxPki7 💡 Powershop: https://goo.gl/Psmkzx 💰 Pricepal: http://pricep.al/6pV 💰 Shopback: https://goo.gl/rSZaAf 💰 Topcashback Uk: https://goo.gl/MrEZJR 💰 Topcashback USA: https://goo.gl/xCSND2 💰 Ebates: https://goo.gl/QvNmkd 💰 Quidco: https://goo.gl/EeDjqq Purkle: https://goo.gl/6VdrDt 💳 GooglePay: https://g.co/paypromo/GBK2UWDN Smash the Subscribe button for more videos! More Aussie Money Saving Tips Videos to come! Best Debit Card for Overseas Travel and Online Shopping spend for Australians! https://youtu.be/h7OoJD_Kho8 High Interest Savings Account For Australians: https://youtu.be/UAYzmmWiv3c 🎥 on Pixel 2 XL Smash the Subscribe button! australia international australia 2018 no fee anz transaction fee 2017 2018 #plantone #onlinecreditcard #bestcreditcard
Views: 433 PLANTONE
In this video we talk about what is Forex card and why it is best prepaid card or plastic money for international travelers and students? On the official website of your bank you need to enter what type of FOREX card you need, amount of Forex etc. and your bank will calculate its final cost for you. If you agree to pay the final cost then you can make payment from your bank account and your bank will load/reload your Forex card and dispatch it to your address on record. A Forex card can be considered very useful for you if you are travelling abroad for Business, Education, Employment Abroad, Immigration, Medical Treatment or Personal. Some things that you should know about Forex card are as follows: 1. A Forex Card can be loaded with almost any foreign currency depending on your travel destination. While loading any currency of your choice you need to pay in Indian Rupees only. 2. With A FOREX card, just like a credit or debit card, you can pay for your expenses in a local currency abroad by swiping your card. You can also withdraw local cash from an ATM using it. 3. Some banks also provide their customers with a contact less Forex Card, which can be used to make payments for your purchases at retail outlets simply by waving or tapping at the payment terminal. 4. A multi currency Forex card allows you to pay for your purchases or allows you to withdraw money from an ATM in multiple countries. 5. With a Forex Card, chances are high that you may get a better exchange rate than cash or traveller cheque (TC). Some other benefits of a Forex card can be (varies from one bank to another): * NO ATM access fee for cash withdrawal. * Zero cross-currency charges and lower transaction charges than international credit or debit cards * Exclusive offers with partner shops and outlets. * 24x7 personal concierge service. * Free international SIM card * Emergency cash assistance in case your Forex card is lost. 6. Locked in exchange rate: Forex card has a locked in exchange rate (at the time of its load or reload) which protects you from currency value fluctuations at the exchange market. This way you are protected from loosing the value of your currency due to sudden Forex fluctuation. 7. Multi-currency Forex cards generally comes with an expiry of about 3-5 years. This same card can be used across multiple countries so that your leftover cash in the card can be utilized whenever you want and you don't have to pay a fee and change the currency back to rupees. And if you wish to en-cash it, then you can do so by paying a cash out fee. 8. Some other benefits of Forex card are as follows: * Secure transaction using EMV CHIP technology and PIN. * Using Net Banking you can instantly change your Forex Card's ATM PIN. * Block or Unblock your card by contacting your bank or via net banking. * Insurance against unauthorized Transactions. 9. If you'd like to get more information about Forex card then you need to visit your bank's official website. आइये जानते हैं इस वीडियो में फॉरेक्स कार्ड क्या है और उसके क्या फायदे हैं? Aaiye jaante hai iss video mein ki Forex Card kya hai aur uske kya fayde hai? *************************************** * Subscribe to DailyTechTuts: https://bit.ly/2sInRbV * Visit our website: https://www.dailytechtuts.com/ * Follow us on Twitter: https://twitter.com/DailyTechTuts * Like us on Facebook: https://www.facebook.com/DailyTechTuts * DailyTechTuts on Google Plus: https://plus.google.com/+MrinTechs * Email us: [email protected] *************************************** Royalty Free MUSIC Credit: Artist: Nicolai Heidlas (https://soundcloud.com/nicolai-heidlas) Title: Pacific Sun Image credit: https://unsplash.com/photos/8lnbXtxFGZw (Sharon McCutcheon)
Views: 243 DailyTechTuts
This video is about the Best Money Exchange Area in Myeongdong Seoul. Check out my video/vlogging gear here: http://rcl.ink/w1x - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - BEST MONEY CHANGER IN SEOUL (Includes a phone screen video capture to show you where it is exactly) ---- We've been to Korea a couple times and we always look at exchange rates around different areas in Seoul and we always end up at this one spot in front of the Chinese Embassy in Myeongdong. They have the best forex rates based based on we've seen so far. ***Travel Tip: Forex comparisons are more accurately done on a weekend because the forex markets are closed so the rates are fixed for Saturday and Sunday so they don't fluctuate. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - BEST PRACTICES: 1. The Exchange Rate at the Airport is really high, so either bring enough Korean Won or exchange what you need at the Airport until you reach the city. For info on transportation from Airport to Seoul - watch this video: https://youtu.be/4jbb0jqDnNY 2. Always bring your passport with you. It's required when exchanging money. 3. Forex Rates are different depending on the bills. For example - larger bills like $100s and $50s have better rates compared to $20s and $20s 4. There is an abundance of money exchange places in Seoul so don't worry about running out of cash. 5. We don't commit to just one place, we just walk through the area and scout for the best rate and just pick the lowest. 6. Always count your money in near the counter to avoid disputes. 7. Familiarize yourself with Korean currency even before your trip. It'll help you count and also make purchase transactions faster. 8. In case you don't have or don't want to bring a lot of cash - Seoul is Credit Card friendly so you can easily use it almost everywhere, even at convenience stores. (Although it's always best to have 2 - 3 card options if one terminal doesn't accept your card). - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - HOW TO GET TO THE MONEY EXCHANGE AREA IN FRONT OF THE CHINESE EMBASSY 1. Your GPS is your best friend. Use it to the fullest 2. It's the street Across Lotte Young Plaza. Find the Tourist Police Booth and you'll see the small street where Starbucks is at currently. You'll see a lot of Forex Signs there. That's where you want to go. 3. If you're coming from the other side, just look for the KT Myeongdong building. 4. Just look for Myeongdong 2-gil. That's the exact street area, but it's in between two Namdaemun - ro (ro means diverging streets)
Views: 4347 The KK Life
Namaskar Dosto, Aaj ke is video main maine aapko bataya hai ki aap jab bhi EMI par kuch purchase karte hain apne card ko use karke to aapki full amounts ki limit kyu kat jati hai aur aapko iske peeche ki bjah aur bhi jaruri jankari di hai. mujhe ummid hai aapko ye video pasand aayega. Video dekhane ke liye aapka bahut bahut dhanyabad. My Smartphone ▶▶ http://amzn.to/2kzCuO1 My Secondary Phone ▶▶ http://amzn.to/2y4aOpS My Tripod Stand ▶▶ http://amzn.to/2wIaSI2 My Lapel mic ▶▶http://amzn.to/2g7amQJ My Camera ▶▶http://amzn.to/2g5qQcj My Green cloth ▶▶http://amzn.to/2g4yjZc My earphones ▶▶http://amzn.to/2g4ynbo My laptop ▶▶http://amzn.to/2fV6q1V CONNECT WITH US ON SOCIAL MEDIA: Subscribe ▶▶▶▶▶▶ https://goo.gl/IxTkKT Youtube ▶▶▶▶▶▶ https://www.youtube.com/c/TechniqueFever Twitter ▶▶▶▶▶▶ https://twitter.com/technique_fever Facebook ▶▶▶▶▶▶ https://fb.com/techniquefever94 Instagram ▶▶▶▶▶▶ https://www.instagram.com/technique_fever/ Google Plus ▶▶▶▶▶▶ https://goo.gl/B9l7zi About : Technique Fever is a YouTube Channel, where you will find New technological and Knowledgeable videos in our national language Hindi :)
Views: 28365 Technique Fever
Sar e Aam is a Pakistani television show, aired on Ary News and hosted by Iqrar ul Hassan. The show is famous for exposing corrupt and unauthentic products/public services like fake amils, poorly manufactured products disguising famous company names, etc. The episodes differ greatly, episodes exposing dark sides of the community are also aired. The general idea of the program is to show the public whatever is happening under their eyes so that they are aware of those guilty of these crimes. The program is also famous for the seal up and permanent closure of many fake industries, illegal home businesses, and figures misleading the people. The team comprises up of informers who are paid for every information of an illegal activity, camera men, the host himself and other necessary people for the recording of a show.
Views: 95301 Sar e Aam
Select different cryptocurrency, credit, debit & reward assets for payment from card. Display of cryptocurrency balance and the amount converted into fiat currency with real time exchange rates. Can include up to 15 conventional payment card. (debit/credit) Can include up to 15 rewards points card, shown in barcode on e-paper display. QR code on e-paper display for blockchain address. Approve coin transfer by tapping signature code on card.
Views: 141853 FuzeX Info
VLOG1 - Matt & Meg go on an adventure to exchange USD to Vietnamese Dong in Nha Trang, Vietnam. Recommendations for exchanging money in Vietnam: 1. Have crisp & new bills to exchange. 2. Go to a bank, as opposed to a currency exchange business. 3. Ensure you have set travel notifications with your bank for your credit and debit cards. 4. Get a credit card that waives foreign ATM fees & currency exchange fees. 5. Have patience.
Views: 159 Everyday Abroad