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Friday, April 29, 2005

Convert Currencies With Visa’s New Website

Looking for a reputable website for the latest foreign exchange rates? Drop by Visa’s Currency Conversion website.

Meant to help cardholders prepare for travel, the new Visa website is the only site that approximates the rate that cardholders will receive when using their Visa card internationally. The website is different from other forex websites in the aspect that the latter base their rates on commercial markets.

The new website equips cardholders a safe, convenient and cost-effective way to pay when traveling internationally by knowing immediately what they’ll be paying for in the local currency. With useful travel and security tips, the website allows users to print out a helpful currency calculator that includes the appropriate Global Customer Assistance Center hotline for customer assistance in the event their cards gets lost while traveling.

However, the website’s currency feature becomes more accurate only when the cardholder knows the optional issuer markups that some banks assess on international transactions since the issuing bank determines the cardholder pricing structure. The cardholders receive from their issuer an effective foreign exchange rate that is typically better than converting cash at a local currency dealer.

Source: Visa Launches Currency Conversion Website, xtvworld.com

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