🇲🇽 Monzo in Mexico [Discussion]

[Avishai (Marta)]

@anon85060818

It looks like the merchant has an option for local / foreign rate presented to them on the device as part of the process

Option - sure, but each time it should come with customer’s consent, as per Mastercard rules. Seems like they’ve been slapping you with DCC without seeking your permission first, which is a breach of Mastercard rules.

Also - welcome to the community, @anon85060818!

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Dynamic Currency Conversion, DCC - biggest enemy of any Monzonaut! Confusing screens , double negative questions , sometimes even three screen prompts to select DCC can really make it difficult for good Monzonaut to steer clear from DCC. I haven’t seen an example where ATM or POS with DCC offered better rate than Monzo (fees included). Even with planned ATM withdrawal fees, rule of thumb - Monzo is better and will be better because…