Cafe Coco: bad conversion rate for credit cards
Posted: Sat Nov 13, 2004 6:00 pm
As I wrote in another post, I wanted to use my American Express Card at Cafe Coco. When the receipt arrived I discovered that the amount was in US-$, converted using a bad conversion rate (5.70). So I had them cancel the transaction and we used my wife's Mastercard.
In this case the receipt came showing the correct amount in TT-$. However, when we got the statement from Mastercard back home we discovered that the amount had been converted to US-$, using the same a. m. "bad" rate although we signed a receipt in TT-$ (all the other debits from Tobago have been debited in TT-$). Now we're checking with Mastercard what to do.
I find this form of hidden surcharge - and the way Cafe Coco collects it - not at all acceptable. Therefore I highly recommend not to use any credit card at Cafe Coco. We will not patronise Cafe Coco next time when we're in Tobago.
As I'm curious if this is a single experience, post your's!
Andreas
In this case the receipt came showing the correct amount in TT-$. However, when we got the statement from Mastercard back home we discovered that the amount had been converted to US-$, using the same a. m. "bad" rate although we signed a receipt in TT-$ (all the other debits from Tobago have been debited in TT-$). Now we're checking with Mastercard what to do.
I find this form of hidden surcharge - and the way Cafe Coco collects it - not at all acceptable. Therefore I highly recommend not to use any credit card at Cafe Coco. We will not patronise Cafe Coco next time when we're in Tobago.
As I'm curious if this is a single experience, post your's!
Andreas