Commissions payable in dirhams in international transactions reach 7%

Hossam Abdulnabi (Dubai)

Banks operating in the United Arab Emirates have reported to their clients a transaction fee of 2.99% to 7% for international credit card transactions when the customer is outside. from the country. 1.15% conversion on all international transactions denominated in UAE Dirham currency, while processing fees are 3% for foreign currency transaction fees Certain stores or service providers (Ober, Delvero and Jet Airways) UAE services, and return is in AED However, credit card transactions outside the UAE are considered international transactions and are therefore subject to a 2.99% margin for international transactions.

Banks asked customers to sign up for Visa Mobile Confirmation to make a debit or credit card payment during the trip safer and easier, confirming that the site confirmation service is a solution unique and excellent to protect the customer. His place in the world. The Location Confirmation Service uses intelligent geolocation power to badess whether the mobile phone and a customer's debit or credit card are in the same location as cash purchase or withdrawal transactions. .

With this feature, transactions made abroad will be less likely to be described as fraudulent, so the cardholder is confident that he will benefit from a increased comfort and safety, especially abroad.

Banks have indicated that the service (confirmation site) service (free), and the customer can register any card, any Visa card, in this service easily at any time through the service. mobile banking application, and once the subscription, the customer can activate more cards, as well as cancel the registration of cards in the service or even disable the service at any time.

Banks have confirmed that most fraudulent credit card, ATM and Internet transactions can be avoided, especially by traveling abroad by banning and canceling card bans. at the customer's request.