Additional Charges deducted when brought in US from debit card ?

[sunzeal]

Hi

Was wondering, if any additional charges are deducted if we buy web hosting and stuff from US via debit card ?

 

[agantuk]

All international transactions (transactions done in foreign currency) done using an Indian debit or credit card are subject to conversion rates + an additional mark up fee usually in the range of 3.5% of the transaction amount.

 

[sunzeal]

conversion rates ? what do you mean by that ? and few of my friends said its 10.5% of the total transaction amount, although i am not v sure.!

 

[agantuk]

Converting the foreign currency (ex: dollars) to local currency (INR) incurs charges. This 3.5% is for that

 

[sunzeal]

so, if i buy a 300$ thing, so total charge + 3.5% right ? is their anything extra they charge other than that ?

 

[quixand]

Agantuk is correct.

If you need more details you should call customer care.

Sent from my GT-I9100 using Tapatalk 2

 

[varkey]

so, if i buy a 300$ thing, so total charge + 3.5% right ? is their anything extra they charge other than that ?

The amount charged to your card is usually inclusive of the all the charges. There will be the 12.36% service tax on the 3.5%, so effectively it comes to about 3.9-4% of the exchange rate.

To know the exchange rate which is applied for Visa cards, check this -- http://corporate.vis...er_ex_rates.jsp

 

[Sarath_]

I was charged the obvious $ to Rs convertion and a negligible 3.5% extra. It's not as much as 10% like is being rumoured.

 

[mpaspc]

try paypal's conversion rate , if there is a option to pay via paypal and you have a paypal account . paypal charges only 2.5% and no service tax , the best part , you know the amount before it is being charged