foreign transaction fee
Overseas purchase penalty
A foreign transaction fee is a charge imposed by credit card companies or banks when a purchase is made in a foreign currency or processed through a foreign bank.
Typically 1-3% of the transaction amount, these fees apply to international travel purchases and some online transactions from foreign merchants.
Many travel-focused credit cards advertise no foreign transaction fees as a selling point.
- currencyMedium of exchange
- exchangeMutual giving and receiving
- exchange rateCurrency conversion value
- overseasIn foreign countries
- internationalConcerning relations among countries
surcharge · credit card · card network · swipe · abroad · travel · bank · percentage · hidden · statement · conversion · merchant · ATM · withdrawal · purchase · border · passport · vacation
foreign, foreigner, foreigners, foreignness, transaction, transactions, transact, transacted, transacting