Visa Exchange Rate
If you are one of the many millions around the world who uses VISAcredit cards, you might have realise that the exchange rate offered by VISA is usually below that rates offered by Bureau de Change.
This is yet another cash cow for VISA. Besides taking a cut of your transaction from your merchants (who passes on the cost to you), tourists around the world simply loves to swipe their VISA due to the convenience. Every swipe of the credit card brings the following profit to VISA:
1. 1-2% of your transaction fee (paid for by your merchant, who prices this into the cost of your product).
2. 1-2.5% of currency exchange fees.
Effectively, every swipe of your VISA credit card (more…)
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