By continuing to use this site, you agree to our use of cookies. Find out more
Forum sponsored by:
Forum sponsored by CML

Using barclay/credit cards

Buying item in Euros

All Topics | Latest Posts

Search for:  in Thread Title in  
Gary Murphy 129/04/2015 13:20:59
378 forum posts
14 photos

Not really up on financial matters and don't want to end up paying fees I did not know about. I want to buy a item in czeh repub, its 62 euros ,I presume Barclay card will convert at there rate but I do not know about additional fees or interest,i always pay the whole balance every month,some one told me to beware because Barclay class that as cash withdraw?

I have tried to ask Barclay direct but the "local call" center was not the best to understand and was more interested in pushing for me to have some prepaid card!

simon barr29/04/2015 13:29:54
avatar
1032 forum posts
16 photos

I suspect you will get additional "admin" charges Gary.... But I don't know, just speaking from experience.

The best way to do it, is to pay with PayPal. They will convert the currency for you, and you will only then pay the purchase price with no additional charges when you get your credit card statement. (I've done this a couple of times).

Cuban829/04/2015 13:33:31
2641 forum posts
13 photos

From Barclay's website..............

Barclays will charge you a 2.99% Non-Sterling Transaction Fee for using your debit card abroad when making purchases, withdrawing cash or when you're being refunded. This fee will also apply whenever you don't pay in sterling, for example, when you shop online at a non-UK website.

Seems pretty clear, but I still prefer PayPal.

Frank Skilbeck29/04/2015 13:34:06
avatar
4430 forum posts
101 photos

It won't be classed as a cash withdrawal, but they will use their conversion rate and there may also be a small fee for the foreign transaction (just like if you were actually in a shop abroad). Different card providers use different rates and fees, the exchange rate and fees on my Nationwide Visa card are usually more favourable than my Barclaycard Visa card.

Edit - others posted while I was typing this, but I also use Paypal mainly now for online purchases.

Edited By Frank Skilbeck on 29/04/2015 13:35:18

Steve T29/04/2015 13:37:48
avatar
488 forum posts
74 photos

Sorry to sound like an echo, but I only use PayPal for any overseas transaction.

Phil Francis29/04/2015 13:43:04
53 forum posts
11 photos

I've just returned fron holiday in Jamaice with a group of 9. I spent £2400 pounds on a Visa card and got charged £75 for a non sterling transaction.😢

MaxG29/04/2015 16:37:42
150 forum posts
3 photos

Get a halifax Clarity Card. Free on overseas transactions, well it was when I got one for exactly that purpose.

Max

Frank Skilbeck29/04/2015 17:47:27
avatar
4430 forum posts
101 photos
Posted by MaxG on 29/04/2015 16:37:42:

Get a halifax Clarity Card. Free on overseas transactions, well it was when I got one for exactly that purpose.

Max

That's the reason I first got my Nationwide Visa card too.

Andrew Price 229/04/2015 18:40:25
815 forum posts

Of on hols shortly so will have to check if my Santander Zero card is still active.

Neil6729/04/2015 19:26:07
avatar
186 forum posts
3 photos

Max

Just applied and accepted for a Clarity Card - still showing free overseas transactions. Off on hols soon and fed up paying charges on my current cards.

Neil

Don Fry29/04/2015 20:28:54
avatar
3841 forum posts
42 photos

Yes, but PayPal don't do good exchange rates. The older I get, the only good banker is viewed down a rifle sight. Vive la revolution!

Chuck Plains29/04/2015 20:51:38
avatar
1096 forum posts
244 photos
Posted by Donald Fry on 29/04/2015 20:28:54:

The older I get, the only good banker is viewed down a rifle sight. Vive la revolution!

Hahahahahahahah! Excellent! face 20

John Privett29/04/2015 21:51:53
avatar
5945 forum posts
236 photos
Posted by Phil Francis on 29/04/2015 13:43:04:

I've just returned fron holiday in Jamaice with a group of 9. I spent £2400 pounds on a Visa card and got charged £75 for a non sterling transaction.😢

Which is about 3%, Cuban8 previously mentioned that Barclaycard make a 2.99% charge on foreign transactions - other card issuers may or may not do the same.

I'll check the rates I've had, but using Paypal for smallish transactions in US$ (Hobbyking) I've not been impressed by the exchange rate they use. A poor exchange rate might easily cost more than a good exchange rate plus a 3% charge on a credit card.

John Privett29/04/2015 22:14:13
avatar
5945 forum posts
236 photos

OK, looking back through my statements, on Feb 13 this year I have two US$ transactions, one via Paypal, the other via my Nationwide credit card.

Paypal converted the transaction at £1=$1.4920.

Nationwide converted the transaction at £1=$1.5333.

To put that into perspective, if I'd paid a bill of $100 on Feb 13th, Paypal would have charged me £67.02 whilst Nationwide would have charged me £65.22.

With my Nationwide credit card there is no separate transaction charge, though if I'd used my debit card there would be an additional 2% charge. So at £66.52 my debit card would still be a better choice than Paypal.

So why do I use Paypal for Hobbyking? Because Hobbyking themselves add an extra 2.93% if you use the non-paypal option, making it (probably) slightly more expensive than paypal.

avtur30/04/2015 00:06:15
avatar
883 forum posts
20 photos

Just to add to the mix of experiences...

I was working in Italy last week, I incurred various expenses hotel etc. (in Euros) on my Tesco MasterCard which I have to claim from my client; I've been waiting for the transactions to appear on my Tesco statement. 

The charges have just appeared on my statement at an exchange rate of 1.354 with no other fees or charges, I’m quite happy with that. 

Edited By avtur on 30/04/2015 00:07:26

Focae30/04/2015 00:23:08
43 forum posts

You don't have to use Paypal's conversion rate when paying Hobbyking. I use Paypal with my Halifax Clarity card as the payment option in US Dollars.

John Privett30/04/2015 01:05:24
avatar
5945 forum posts
236 photos

Good point Focae!

I've just a look around on the paypal site and changed my payment conversion option for my credit card to bill in the original currency rather than convert to £. I just need to remember to override the default (charge to my bank account) next time I use paypal for a non-£ transaction.

Gary Murphy 101/05/2015 10:25:53
378 forum posts
14 photos

Thanks for help and sorry for delay.

Paypal would of been best, 1% fee if funds are in paypal account rather than from credit card BUT the company

in Norway only tale master card

John Privett01/05/2015 22:38:09
avatar
5945 forum posts
236 photos
Posted by Gary Murphy 1 on 01/05/2015 10:25:53:

Paypal would of been best, 1% fee if funds are in paypal account rather than from credit card

I'm not sure about that.

Paypal's Table of Fees is long-winded and complex, but without spending hours studying it, it does seem that any currency conversion is going to cost you between 3% and 4% depending on the currency you're converting to. And as far as I can see that also applies to a sterling balance already held in your Paypal account.

Anyway if the merchant only accepts Mastercard then you have little choice. If you have a Barclaycard Mastercard then from Cuban8's earlier posting you'll be charged a 2.99% fee to use it.

So the fees are roughly comparable, but only if Paypal and Barclaycard use the same base conversion rate - there's no guarantee that they do.

John Privett17/06/2015 19:09:49
avatar
5945 forum posts
236 photos

A couple more figures to add...

I placed a small order with HK earlier this week and used Paypal. Initially Paypal wanted to charge me in £ from my bank account and stated that the bill would be £22.00. I opted instead to have it charged in $ to my Nationwide credit card.

My online statement shows my card was charged $33.20 which Nationwide converted to £21.45 - a little over 2.5% cheaper than the £22.00 if I'd accepted paypal's conversion to £. OK, hardly a huge saving on a twenty-odd quid bill, but on larger bills worth thinking about!

All Topics | Latest Posts

Please login to post a reply.

Magazine Locator

Want the latest issue of RCM&E? Use our magazine locator link to find your nearest stockist!

Find RCM&E! 

Support Our Partners
CML
Addlestone Models
Gliders Distribution
Wings & Wheels 2019
Pepe Aircraft
Cambridge Gliding Club
Slec
electricwingman 2017
Advertise With Us
Sarik
Latest "For Sale" Ads
New Poll - Sticky situations...
Q: How often - when using superglue - do you end up with it on your fingers?

 Every time
 Occasionally
 Sometimes
 Rarely
 Never
 Wear rubber gloves

Latest Reviews
Digital Back Issues

RCM&E Digital Back Issues

Contact us

Contact us