It wasn’t the merchant, it was your bank!   no comments

Posted at 10:23 pm in Dubious Fees,Issuing banks

When you order from a merchant outside your country, certain card issuing banks charge an “International Service Fee” just, well, let’s be frank, because they can.

This will appear on your card statement as a separate line item, such as “INTL Service Fee“, “International Transaction Fee“, “International Service Fee“, “Foreign Transaction Fee“, “Foreign Merchant Fee“, “Foreign Transaction Charge“, “Cross-border Assessment“, “Cross Border Transaction Assessment“, or “International Service Assessment“.

The merchant you bought from didn’t charge you this fee!

It goes to the bottom line of your bank.

It is not because of currency conversion – it happens even if the online merchant charged you directly in USD (US dollars).

Don’t believe us? Just call customer service at your bank and ask for an explanation.

Written by admin on July 1st, 2010

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