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phunkeey
teacher
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WATCH OUT for "foreign transaction fees"

submitted on June 18, 2009 by phunkeey in "Member's Lounge"
With the new credit card law banks are charging "foreign transaction fees" of up to 3% when you use your credit card online to make purchases from other countries even if the currency is in US dollars!

I just got hit with a 3% fee for purchasing a book from a store in New Jersey through abebooks.com

read more:

http://blogs.moneycentral.msn......ppers.aspx
     

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  • 28829
    YanBz
    admin
    Posted by YanBz on June 18, 2009 [reply] 0 0
    What was the New Jersey store you used? Are they US based?
  • 28844
    phunkeey
    teacher
    Posted by phunkeey on June 18, 2009 [reply] 0 0
    I buy lots of used books from abebooks.com. They search the inventories of used book stores across the US & other countries, but they are based in Canada & if you buy through them it's considered a foreign transaction.

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