Yes that's cool but they are charging you.... must be real easy to use cuz the education level is low and I am not pertaining to you
- Thread starter reilleyp
- Start date
Banco Popular robbery of tourists
I filed a dispute with my bank. They issued me a credit of nearly $300. Over several days I withdrew 20,000 pesos six times so the discrepancy was about $50 each time. I will wait to see if my dispute is successful.
I would hope it is. Once I have filed a dispute with my card issuer as La Nacional took 600 USD from us and gave nothing (charge was done but no cash dispensed). I was worried that Nacional would fight it, but they did not. The whole amount was returned to us by our bank (based in EU).
I'm absolutely fed up with Banco Popular. I have been trying to terminate a Certificate with them for about six months. They are using every trick in the book to stop me from getting hold of MY money. I only get any response when I actually contact them, and then it's just more delaying tactics. I can only assume that it's because they have a policy to hold on to clients' money as long as humanly possible.
Pay a lawyer a few pesos to threaten them in your behalf and see ;how fast things work then.......
I have a female lawyer that seconds as a Pit Bull. For 3,000 pesos or whatever I want to give her she would torture them for fun..............
It might be this is what happened, or part of it.
dr1.com
Banco Popular ATM withdrawal foreign debit card
I think Xoom was taken over by PayPal a while back, so it's merged with PayPal account. I even managed to link Xoom to my PayPal account last year, but never got around to send any money...
dr1.com
This could be like the scam I posted on using a foreign card when they make their own exchange rate instead of the rate your card would give. Always a robbery rate. Cards give the best rate out there generally. But if it transfers the rate elsewhere you are screwed.................and if that is the case you can bet high that BP is in with it...........
A lot of bank's ATM now ask this question when a foreign card is used to withdraw local currency, for example US card is used to withdraw pesos. It says do you like us to convert pesos to your card's currency (dollar in this case). The question is cunningly very confusing, but you only need to give the wrong answer and then they use their fantasy exchange rate for pesos to dollar, then withdraw that amount of "dollar" from your card.
Must always select the option to not use their exchange and ask to withdraw pesos directly from your foreign card.
Then the exchange will be Visa or Mastercard rates, although local US banks takes a few percent commission, it will be nothing like BP hilarious exchange rate...!
Note this is not usuall dollar to pesos rate, but other way around, pesos to dollar, and a lot of fancy commission, so could be anything they like...
Read my post above 31. If they give you a choice of your own currency or Pesos NEVER take your currency. Unless of course you don't mind getting robbed.............It is a scam, period...............
Yeah, it's kind
Yeah, it's kind of a scam. Dynamic currency exchange rate, or something like that.
However it's a little more nuanced.
My brick&mortar bank charges a 5€ fee for using the card outside of the €-zone (!!). If I choose the € option instead of the DOP on the Paiement terminal --- supposedly-- the fee does not apply.
Learned that off Russians and Chinese whom are better off using the dynamic rate ( scam rate ) as their banks will scam them even more on fees if paying in a foreign currency.
Please note that I DO NOT use that card in the DR, it's 2025 and have other on-line banks that do not apply a fee for using cards in a foreign country.
Where it gets crazy is that the payment operators, usually the guys who provide the business with payment terminals ( like cardnet, worldline, etc), incentivise the business to get people to pay in their home currency.
In the contract it will stipulate that your regular fee is 0.8% of transaction volume, but they will knock off 0.2%, if the final client chooses the dynamic exchange rate.
Tldr The whole electronic payment business is scammy.
Yeah, it's kind of a scam. Dynamic currency exchange rate, or something like that.
However it's a little more nuanced.
My brick&mortar bank charges a 5€ fee for using the card outside of the €-zone (!!). If I choose the € option instead of the DOP on the Paiement terminal --- supposedly-- the fee does not apply.
Learned that off Russians and Chinese whom are better off using the dynamic rate ( scam rate ) as their banks will scam them even more on fees if paying in a foreign currency.
Please note that I DO NOT use that card in the DR, it's 2025 and have other on-line banks that do not apply a fee for using cards in a foreign country.
Where it gets crazy is that the payment operators, usually the guys who provide the business with payment terminals ( like cardnet, worldline, etc), incentivise the business to get people to pay in their home currency.
In the contract it will stipulate that your regular fee is 0.8% of transaction volume, but they will knock off 0.2%, if the final client chooses the dynamic exchange rate.
Tldr The whole electronic payment business is scammy.