Financial Supervisory Service (FSS) provides information on precautions when using credit cards,
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People going on overseas summer vacations
(Incheon=Yonhap News) By Park Dong-joo = Travelers going on summer vacations overseas are moving for processing at Incheon International Airport Terminal 1 on the 12th. 2024.7.12 [email protected],
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, ‘ (Seoul=Yonhap News) By Chae Sae-rom = Consumers traveling overseas during this holiday season should be aware that they may incur unwanted fees when paying in Korean won at overseas merchants, so it is recommended to pay in local currency.’,
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, ” The Financial Supervisory Service announced on the 1st about the ‘Consumer Precautions in Major Complaint Cases – Credit Card Related’, including this information.”,
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, ‘ When paying in Korean won at overseas merchants, not only are overseas payment-related fees (fees imposed by international brand companies such as Visa and MasterCard + card issuer fees for overseas card use) applied, but additional fees for Korean won payment are also charged.’,
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, ‘ Overseas Korean won payment service (DCC) has the advantage of allowing customers to confirm the approximate payment amount level in advance, but additional fees for using the service are around 3-8%.’,
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, ‘ To avoid bearing such fees, one can apply for and use the overseas Korean won payment blocking service provided by the card issuer.’,
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, ‘ Websites for overseas accommodation booking, travel agencies, and e-commerce sites, for example, are websites where overseas Korean won payments are possible, so it is important to ensure that payments are not made in Korean won during the transaction process.’,
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, ‘ In addition, if a card under automatic payment is reissued, not all automatic payment details are transferred, so it is necessary to confirm the transfer details and register the changed payment information.’,
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, ‘ When an existing card is discontinued, it is advisable to carefully compare the conditions and benefits of the replacement card before making a selection.’,
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, ‘ [email protected]’,
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