Dynamic Currency Conversion Presents Hidden Cost, Simple Fix

Long known to frequent travelers, a questionable practice called dynamic currency conversion is catching more attention from bank card issuers and their clients. While the practice borders on insidious, travel professionals can protect their organizations with a little education.

Bank sources said the activity — in which merchants ask foreign travelers whether they'd like charges in their home currency, only to levy unnecessary extra conversion fees — has slowly grown since emerging a few years ago. It's now commonplace even . . .

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Jay Campbell

Author: Jay Campbell

Jay Campbell in 2004 created travel business newsletter The Beat, in 2006 co-founded Travel Procurement magazine and in 2010 integrated them with Business Travel News. He served as editorial director until 2013. Jay made his travel industry media debut in 1993 at the Air Travel Journal of Boston while earning his undergraduate degree in journalism at Boston University.