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#2213126 - 05/08/19 06:55 PM VISA International and currency conversion fee
Hales53 Offline
New Poster
Joined: Mar 2017
Posts: 23
Look for advice on VISA International Currency Conversion fee, If the banks customers are being charged by VISA do we have to disclose the fee on our fee schedule?

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#2213134 - 05/08/19 07:15 PM Re: VISA International and currency conversion fee Hales53
BrianC Offline
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BrianC
Joined: Nov 2004
Posts: 6,077
Illinois
Yes, the conversion fee should be part of your Reg E disclosure. VISA charges you and you pass the fee along to your customer.
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#2213137 - 05/08/19 07:25 PM Re: VISA International and currency conversion fee Hales53
Hales53 Offline
New Poster
Joined: Mar 2017
Posts: 23
So, since it is a percent do we just state that VISA will charge a International currency conversion fee?

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#2213146 - 05/08/19 07:44 PM Re: VISA International and currency conversion fee Hales53
BrianC Offline
Power Poster
BrianC
Joined: Nov 2004
Posts: 6,077
Illinois
You must state the percentage and the transaction type(s) to which it will apply. An internet search using the term "VISA Debit card disclosure" will yield several examples that contain verbiage describing the fee.
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Sola Gratia, Sola Fides, Sola Scriptura, Solus Christus, Soli Deo Gloria!
www.tcaregs.com

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