Foreign Currency Surcharge

Business, Legal & Accounting Glossary

Definition: Foreign Currency Surcharge


Foreign Currency Surcharge


Full Definition of Foreign Currency Surcharge


A fee that credit card companies charge to convert foreign currency into that of the homeland of the cardholder when purchases occur in another country. Typically, the surcharge is a set percentage of the purchase. Confusion sometimes occurs when this fee applies to purchases made on a cruise ship in foreign waters, even though the transactions occurred in the currency of cardholder’s own country.


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Definition Sources


Definitions for Foreign Currency Surcharge are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.