Should i pay in pounds or dollars

Typically you are better off opting to pay in the local currency, rather than converting to Sterling as you make the purchase. If you pay using the local currency, the transaction will then be converted into Sterling at the Mastercard, Visa or Amex own rate.

What currency should I pay in online?

Always choose to pay in the currency of the country you’re buying from — in this case USD. If you choose to pay in your home currency and let the merchant convert it, you could be paying a 8% Dynamic Currency Conversion (DCC) fee.

Should I pay USD for GBP on Amazon?

Putting the instant info and sheer convenience of the service to one side, will it actually leave you better off than paying in pounds? The short answer is, it depends, but most likely not. Amazon say you “may” pay less using their currency converter because they strive to provide a “competitive exchange rate”.

Is it better to pay in local currency travel?

If you have a card that charges international fees, that could be on top of the conversion fee, or instead of it. However, if your card doesn’t charge international transaction fees, always pay in the local currency. You’re just throwing money away, otherwise.

Is it better to pay in local currency or USD Amazon?

The short answer is, it depends, but most likely not. Amazon say you “may” pay less using their currency converter because they strive to provide a “competitive exchange rate”.

Should I pay in local or foreign currency Amazon?

THE ANSWER IS ALWAYS LOCAL CURRENCY! When you’re making a transaction overseas, you have to pay some fees whether or not you make it in SGD or local currency. This may include charges applied by the payment network, bank administration, and/or merchant.

Should I pay in euros or pounds online?

“When asked, always pay in euros (or the local currency). “If you pay in pounds the overseas bank/store will do the conversion, and their rates tend to be awful. “Pay in euros is far safer as your bank will do the exchange – and that is usually at least as good if not better.”

Should I pay GBP or Euro?

When you choose to pay in euros your bank or credit card company work out the currency conversion for you. If you opt to pay in the pound then this calculation, known as the dynamic currency exchange, is left up to the foreign bank, shop or restaurants bank. It means you could end up paying a much worse rate.