"You basically pay twice for every dynamic currency conversion transaction -- once to your own bank for the privilege of using your card abroad and once to the company processing the transaction," Stallings says. (Bankrate)
Where currency conversion is provided as part of a payment transaction, the Payment Services Regulations 2017 make requirements on UK payment service providers regarding disclosure of fees and charges to the payer, for example, the exchange rate used for a currency conversion transaction. (UK Parliament)
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