Under your Level 1 section you say "The other thing to keep in mind is that you should always refuse any kind of 'would you like to pay in the local currency?' offers - be they on an ATM or on the card reader when you're paying for something by credit card."
I've always understood that you DO want to pay in local currency vs. accepting their conversion to USD. Do I have it backwards?
Under your Level 1 section you say "The other thing to keep in mind is that you should always refuse any kind of 'would you like to pay in the local currency?' offers - be they on an ATM or on the card reader when you're paying for something by credit card."
I've always understood that you DO want to pay in local currency vs. accepting their conversion to USD. Do I have it backwards?
Hi John - That's a great catch. I've written it in an unclear way, and your clarification is correct.
The point I'm trying to get across is that one should refuse the on-the-spot conversion. I'll go back and make some edits to make the point correctly.
Thanks for pointing this out!