When you enjoy using your Paymix Pro Card, in some payment points outside of EURO area, you might be given the option to either pay in local currency or in EUR. This is a functionality developed by Mastercard for your convenience and offer the possibility to settle the transactions directly in Euro or in local currency. If you choose to pay in EURO, the exchange transaction will be done by the local merchant bank against a fee. If you choose to pay in local currency, the exchange will be done by Mastercard against a mark-up over prevailing market rates. Also, after the successful transaction, Paymix.pro will be charging an additional 3% FX fee on the settled amount.
If you are using this service in EEA the applied total mark-up over ECB reference rate, including fees, are shown below.
Please note that 3% FX Fee will be reflected on your statement as Transaction Fee, while the remaining of the cost will be reflected in the FX rate with the EUR transaction amount.
For any other currency
You could calculate the EURO equivalent of your transaction from below link by entering,
Transaction Currency | choose the local currency of the merchant |
Amount | enter the purchase amount in local currency |
Your Card Currency | choose EUR as your card currency |
Bank Fee | enter 3% |
Mastercard settlements usually transpires at T+1, meaning the conversion will happen a day after your transaction.
Mastercard Rates