Saturday, November 16, 2013

Master Card Cross Border Fee

I have used the mastercard to pay for my US professional membership fees of US$147. The currency conversion rate is 0.8007 so after the conversion, I need to pay in S$183.59. Beside the currency conversion, I also need to pay an additional of S$4.59 cross border fees which is equivalent to (4.59/183.59) 2.5%.

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