Dynamic Currency Conversion

GPTKB entity

Statements (32)
Predicate Object
gptkbp:instanceOf gptkb:financial_services_company
gptkbp:alsoKnownAs gptkb:DCC
cardholder preferred currency
gptkbp:canBeDeclinedBy cardholder
gptkbp:cause additional charges
gptkbp:commonIn credit cards
debit cards
gptkbp:criticizedFor lack of transparency
higher fees
unfavorable exchange rates
https://www.w3.org/2000/01/rdf-schema#label Dynamic Currency Conversion
gptkbp:introducedIn late 1990s
gptkbp:involves currency conversion
exchange rate markup
gptkbp:notRecommendedFor many financial advisors
gptkbp:offeredBy gptkb:ATMs
merchants
point-of-sale terminals
gptkbp:purpose allow cardholders to pay in their home currency
gptkbp:regulates gptkb:American_Express
gptkb:Australia
gptkb:European_Union
gptkb:United_States
gptkb:Mastercard
Visa
card networks
gptkbp:requires cardholder consent
gptkbp:subjectOf regulatory scrutiny
consumer protection guidelines
gptkbp:usedIn international card transactions
gptkbp:bfsParent gptkb:DCC
gptkbp:bfsLayer 6