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credit cards faq/glossary
The most common questions asked about Credits Cards.
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Credit Card Glossary
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C
 
Currency conversion fee
definition
What does Currency conversion fee mean?

The currency conversion fee is the initial name of what we currently know as the foreign transaction fee. This type of fee is charged by all the credit card transaction processors, like Visa and MasterCard. The fee is added every time a foreign bank is involved in a transaction.

The credit card issuing financial institution may also charge an additional fee, regardless of what the processor has already added.
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