24 Feb '17, 5pm

Just ran into this issue buying stuff from banggood

Just ran into this issue buying stuff from banggood

If you use your credit card to buy an item on what you thought is a Singapore-based retailer’s website for $19.90, you would expect the credit card bill to show $19.90, right? Unfortunately for a growing number of online shoppers in Singapore, they are starting to realise that this is not the case. Currency conversion fee A currency conversion fee of 0.8 to 1 per cent is usually charged by credit card companies when such payments to retailer websites are processed overseas. Currency conversion fees on websites appearing to be from Singapore? Confusion sets in when Singaporeans get charged this fee after purchasing items from website which appear to look Singapore-based – especially ones with a “.com.sg” suffix -with items listed in Singapore dollars. Recently, a letter to The Straits Times forum by Victor Wee reiterated this problem. Wee made an online purchase with Groupo...

Full article: http://mothership.sg/2016/05/credit-card-purchases-on-spo...

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