• Ideas Cards Payments

  • feature request: bypass DCC - encode cards in foreign currencies

@Kilian-Lime-Panda#139709 You seem to imply that DCC is a service offered by Mastercard. But it’s actually 3rd party payment processors that offer this. It happens before a payment is authorized via Mastercard’s network. The payment processor guesses a card’s currency based on BIN databases and then applies/offers fx conversion before a payment is presented to MC and the issuing bank.

    8 days later

    MasterCard refers to DCC as "POI Currency Conversion". Section 3.8 of the MasterCard Transaction Processing Rules (PDF page 90: https://www.mastercard.us/content/dam/mccom/global/documents/transaction-processing-rules.pdf) addresses this:

    "POI currency conversion must not be offered on a Contactless Transaction that is equal to or less than the applicable CVM limit"

    If you enable Apple Pay or Google Pay, the transaction is processed using the Consumer Device Cardholder Verification Method, or CDCVM. Since CDCVM transactions have an infinite limit (in other words, no matter how large the transaction amount, a PIN is never required for Apple Pay or Google Pay), this means that DCC is forbidden on transactions using Apple Pay or Google Pay.

    I have encountered exactly one large chain in Spain which prohibits Apple Pay with non-Spanish cards specifically because they want to offer DCC, so instead they break the payment flow and make you use a plastic card (for which DCC is not prohibited). Dirty trick. They no longer get my business (and I reported them to the Bank of Spain, MasterCard Europe, Visa Europe, and the European Commission).

      @Alexander-Yellow-Dragon-509887140#140636 only non-spanish cards? that seems oddly specific, considering all of europe now has apple pay and the currency is the same...

        @DaveFlash#140638 Correct, because the chain of shops is in Spain and Spanish cards wouldn't qualify for DCC. They permitted Apple Pay with Spanish cards, but not non-Spanish cards. This is ridiculous, but it's how it was. I haven't tested it again to see if they have come into compliance.

        When I used my plastic card, it thought for a while and then proceeded without DCC (because it is indeed a Euro-denominated card). LOL.

          @The-Power-Of-Dreams#140639 yeah, because it should work with bunq cards I think

            Volgens mij kan dat wat TS wil bij Revolut.
            Als je daar een $ account aanmaakt en een betaling in $ wordt de betaling afgeboekt op het tegoed aan $.

              @Frank-Maroon-Eagle#139759 The payment processor guesses a card’s currency based on BIN databases and then applies/offers fx conversion before a payment is presented to MC and the issuing bank

              I doubt that it's based on BIN ranges (in-store/on-premises).
              I think they rather read out the currency code is stored on the card.

              @DaveFlash#140638 considering all of europe now has apple pay and the currency is the same...

              ...except in Bulgaria, Croatia, the Czech Republic, Denmark, Hungary, Iceland, Liechtenstein, Norway, Poland, Romania, Sweden, the United Kingdom. ;)

                2 months later

                Hey Tim,
                Why did you remove the Features tag?
                It's even in the title, this is a feature request. If bunq decided that they don't want to consider this feature, that's fine, they should just comment so and close this feature request, but until then, this is clearly a feature request and should be tagged accordingly.

                  @Frank-Maroon-Eagle#139757 Like the idea of optional declining of transactions in non-local currencies

                    @Mihai-andrei-Golden-Frog#147991 the feature tag is used for feature discussions (existing features). The "ideas" tag is used for feature requests and this one is still present on the topic. 👍🙂 all good 👍😁

                      4 years later

                      You can link your existing cards to one of your foreign currency accounts, and then withdraw money in the local currency without DCC at an ATM. However, some banks and terminals, keep using EURO acounts. even if the card is linked to a local currency account. In Turkey QNB Finansbank does this. I had linked my card to a local currency TL account, still the money was deducted from my EURO accounts. Randomly selected. The bank printed a receipt, stating I had given permission to use DCC, which wasn't the case. The linked foreign currency account, should solely decide which currency should be used!

                      No separate dedicated cards for every possible currency!

                      So please let let us decide if we want to use DCC, I want bunq to do the conversion for me, not the foreign bank!
                      Please implement this feature!

                      Thank you very much in advance!

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