Receipt Which Constitutes Foreign Transaction
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FAQ
Online purchases on an international shopping website may also incur foreign transaction fees, especially if the payment processor is an international bank or institution. This includes buying airline tickets from an international airline, even if the transaction is made in U.S. dollars.
A foreign transaction (FX) fee is a surcharge on your credit card bill that appears when you make a purchase that either passes through a foreign bank or is in a currency other than the U.S. dollar (USD). This fee is charged by many credit card issuers, typically ranging from 1% to 3% of the transaction.
Foreign Transaction means any transaction made in a foreign currency (including, for example, online purchases from foreign merchants).
While a foreign transaction fee is charged by your credit card issuer, a currency conversion fee can be charged by the credit card payment processor or the individual merchant.
A foreign currency receipt is a receipt that is in the foreign (transaction) currency of the invoice. You specify the foreign currency of the receipt at the time you enter the receipt.
