conversion fee
Currency swap cost
A conversion fee is a charge applied when changing one form of currency or value into another.
Banks and credit card companies assess conversion fees on foreign transactions: The conversion fee added $15 to my purchase in euros.
The term also appears in real estate, finance, and digital services whenever assets or accounts change form.
- transactionExchange of goods/money
- exchangeMutual giving and receiving
- currency exchangeConverting between national monies
- surchargeExtra fee added
- chargeCost or accusation
percentage · rate · currency · forex · transfer · money transfer · banking · card issuer · commission · markup · processing · payment · merchant · credit card · ATM withdrawal · hidden · fine print · checkout
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