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seanchai · 01-04-2012, 05:41 AM

1. CCBill charges customer in UK £19.99 in their currency and to be drawn from the customers bank account.

2. The currency rate on xe.com and similar, will not be the currency rate you will get from your bank. The money above needs to be charged in UK and converted by CCBill's bank into a dollar amount. You cannot simply bring the £19.99 back to a US bank and convert it at what XE or the Bank of England rates state? The banks have a completely different conversion rate.

3. Try spending your US credit card in the UK (or vice-versa) and checking the total at the time of spend in your local currency on xe.com. Then see what you are charged on your bank statement, it will most likely be higher.

4. Welcome to the world of getting fucked by banks over charging.

I transfer fairly large sums of money between the UK and the US and the banks exchange rates are massively different (I have to go through a broker which cuts it down a lot). The bank won't tell you there is a charge, as there isn't but they do have vastly different rates.

01-04-2012, 05:41 AM
seanchai A Grooby Guy Industry Role: Join Date: Jul 2005 Posts: 397	1. CCBill charges customer in UK £19.99 in their currency and to be drawn from the customers bank account. 2. The currency rate on xe.com and similar, will not be the currency rate you will get from your bank. The money above needs to be charged in UK and converted by CCBill's bank into a dollar amount. You cannot simply bring the £19.99 back to a US bank and convert it at what XE or the Bank of England rates state? The banks have a completely different conversion rate. 3. Try spending your US credit card in the UK (or vice-versa) and checking the total at the time of spend in your local currency on xe.com. Then see what you are charged on your bank statement, it will most likely be higher. 4. Welcome to the world of getting fucked by banks over charging. I transfer fairly large sums of money between the UK and the US and the banks exchange rates are massively different (I have to go through a broker which cuts it down a lot). The bank won't tell you there is a charge, as there isn't but they do have vastly different rates.