Repayment by swiping euros with visa card: VISA requires you to convert the amount you purchased into US dollars first. When repaying, you can directly pay back US dollars (if any), or you can automatically purchase foreign exchange with RMB. payment.

Since overseas consumption by credit card will be settled in U.S. dollars, if the consumption amount is non-U.S. dollars, there will be an exchange fee between the two currencies, which is generally 1.5% of the transaction amount. For consumption in euros, two conversions are required. , convert euros to U.S. dollars, and then convert U.S. dollars to RMB.

The conversion from Euro to US dollar is based on the exchange rate provided by VISA international organization the day before the day of entry. You can check it through the international organization, or check it through the bank after settlement. The bank can confirm it through historical transaction records. The conversion from US dollar to RMB is based on the following The selling price at around 10 o'clock on the day of entry. This selling price can only be queried through the credit card center. ?

Extended information:

Currently, most of the "currency conversion fee" charging standards given by various domestic banks are 1.5% of the consumption amount, and there are also differences among individual banks. For example, ICBC Visa Card and Agricultural Bank of China Visa Card charge 1%, Bank of Communications charges 1.75% of the consumption amount, and the highest rate of Shanghai Pudong Development Bank reaches 2%.

This means that if you swipe the equivalent of 100 U.S. dollars, you will have to pay a conversion fee of 1 to 2 U.S. dollars, which is equivalent to 6.3 to 12.6 yuan when converted into RMB based on the bank’s foreign exchange rate. The larger the amount of the card swipe, the higher the handling fee. The more. ?

It is recommended that if you can use the UnionPay channel to swipe cards overseas, try to use the UnionPay channel. If the purchase amount is huge, you can save a lot on the currency conversion fee alone. It should be noted that in 2010, Visa and UnionPay had a dispute over card swiping channels. As of now, many overseas merchants are still unable to provide UnionPay swiping cards in Visa dual currency cards.

When checking out for shopping, it is best to ask if you can use UnionPay.