Antwort Is it cheaper to pay in euro? Weitere Antworten – Is it better to pay in euros or dollars

Is it cheaper to pay in euro?
The benefits of paying in local currency

Your bank may charge a fee to carry out the transaction. The rate your card provider uses when processing local currency payments will, in most cases, be lower than that of the merchant, or foreign bank, when paying in dollars (USD).The rate used by your card provider when paying in local currency will in most cases be lower than that of the merchant, or foreign bank, when paying in sterling. Some retailers outside the UK might automatically assume you want to pay in pounds unless you say otherwise, so always double check the amount before paying.Wherever you wander in Europe, it's wise to travel with cash euros. While ATMs and card facilities are widespread across the continent, this cannot always be relied upon. Some countries or areas off the beaten track have yet to fully embrace card payments, so cash means you won't get caught short.

When overseas, is it better to pay in local currency : Depending on the credit card you use when traveling abroad, you could pay fees that total 6% or more of purchases. Using a credit card with no foreign transaction fees and choosing to make purchases in local currency will nearly always save you money.

Is it better to pay in euros or Lira

Euros may well be accepted by some stores, hotels and restaurants – although if you're headed to the countryside, you'll definitely need lira to pay your way. However, the rates won't be great – and you'll likely pay for the convenience.

How to avoid foreign transaction fees : The following steps will help you avoid foreign transaction fees:

  1. Open a Credit Card Without a Foreign Transaction Fee.
  2. Open a Bank Account Without a Foreign Transaction Fee.
  3. Exchange Currency Before Traveling.
  4. Avoid Foreign ATMs.
  5. Ask Your Bank About Foreign Partners.

A few bars and tourist companies in Kraków and Warsaw will accept Euros but most of the time you won't be able to pay with Euros in Poland. The few companies that do accept Euro probably won't be able to give a very competitive rate, so it's better to simply pay in Złoty.

The reason why paying in the local currency will let you avoid additional fees is that when you use your travel money card overseas (or a debit or credit card!) and pay in the local currency, you will pay the standard exchange rate set by MasterCard or Visa (depending on your card issuer).

How to pay abroad without fees

Here are some of the most efficient, cheapest and safest ways to spend your money abroad.

  1. Travel debit cards. You can use your trusty debit card, but this can be an expensive mistake as you may end up paying unnecessary fees when you spend or withdraw cash from an ATM.
  2. Travel credit cards.
  3. Prepaid travel cards.
  4. Cash.

Don't Expect to Get Too Far Without Cash

There's a lot that you can buy with a credit card in Europe, so bring at least one. But don't expect to get very far without a little cash, too—especially if you're a tourist. Transportation services, such as taxis and buses, often require local currency.As they can adjust the exchange rate and the conversion fees they charge, it's often more expensive to pay this way compared to in the local currency. Paying in the local currency means your bank or card provider will complete the exchange, usually at a better rate.

A rule of thumb is that you should always choose the local currency – it is cheaper. Then you will avoid extra expenses and you will get the best rate, calculated by VISA or MasterCard. If you pay with a credit card from re:member, you will always get the best rate.

How not to pay international fees : A good rule of thumb when traveling is to select the local currency during payment to avoid conversion fees and to use a card that doesn't charge foreign transaction fees. Cash withdrawals from international ATMs are also subject to fees.

Is it better to change to zloty in Poland : Similarly, if you pay by credit or debit card for your shopping, always select to be charged in zloty, which gives you a better exchange rate. If you hold a zloty card and plan to travel, remember that you might not always get the best exchange rate on withdrawals in the local currency.

How can I avoid fees using my card abroad

A good rule of thumb when traveling is to select the local currency during payment to avoid conversion fees and to use a card that doesn't charge foreign transaction fees. Cash withdrawals from international ATMs are also subject to fees.

A more convenient way to spend while overseas is by debit card. All you need is one small piece of plastic, and you can spend and withdraw cash whenever you need to. There are even prepaid travel debit cards out there, which you load up with money before you travel.Cash may be king, but "buy now, pay later" reigns supreme. While there are many benefits to purchasing with a debit or credit card, sticking to cold hard cash for your routine daily transactions may ultimately help your wallet.

Do debit cards automatically convert currency : If you refuse, your payment network, such as Visa or Mastercard, will convert the currency, and you'll see the conversion on your statement in U.S. dollars. Visa and Mastercard offer exchange rate calculators to give you an idea of what you're being charged upfront.