On Sat, 21 Oct 2006 16:28:46 +0100, "Thomas Sandford"
<${thomas/03$}@paradisegreen.co.uk> wrote:

>"Chris Blunt" <chris_blunt@spamfence.net> wrote in message
>news:sdujj211r48e35l6o7eomi90np5vd97n1l@4ax.com.. .
>> When your card is charged with an amount in foreign currency you get
>> the buying rate. When its credited you get the selling rate. The
>> difference between the two could easily exceed 2%. That's the way your
>> credit card company works, its not the fault of the company you dealt
>> with.
>
>It is. The rules the credit card companies normally set for this sort of
>thing is that cards should not be debited until the goods are ready for
>dispatch. If they take a chance on it it is for them to make the full amount
>good to you.

Do you have any reference for this "rule"? As far as I'm aware, its
entirely up to the company at which point they charge your credit
card.

But this isn't the issue here anyway. The company has refunded the
full amount they originally charged. The fact that the buyer's credit
card company converted that amount to his local currency at a
different exchange rate is not the fault of the company he did
business with.

Chris