I’ve been to France many times, but not for the past few years because of covid etc.
When paying by card there, you (usually) get a choice between £ and € on the machine. If I remember right, I always went for £, thinking I’d get my bank’s (better) exchange rate, but looking at old bank statements I’ve also copped for non-sterling transaction fees etc. So maybe better to pay in €, so the French retailer sets the exchange rate, and the bank (presumably) pays him £, and I don’t get the extra fees.
I’m getting a bit of brain fade here, can anybody comment?
When paying by card there, you (usually) get a choice between £ and € on the machine. If I remember right, I always went for £, thinking I’d get my bank’s (better) exchange rate, but looking at old bank statements I’ve also copped for non-sterling transaction fees etc. So maybe better to pay in €, so the French retailer sets the exchange rate, and the bank (presumably) pays him £, and I don’t get the extra fees.
I’m getting a bit of brain fade here, can anybody comment?