header

Browse our Calendar!

Mon Tue Wed Thu Fri Sat Sun
7
8
10
Date : Tuesday, 10 April 2018
11
Date : Wednesday, 11 April 2018
12
Date : Thursday, 12 April 2018
17
Date : Tuesday, 17 April 2018
18
Date : Wednesday, 18 April 2018
19
Date : Thursday, 19 April 2018
23
Date : Monday, 23 April 2018
24
Date : Tuesday, 24 April 2018
25
Date : Wednesday, 25 April 2018
26
Date : Thursday, 26 April 2018
27
Date : Friday, 27 April 2018

Dynamic Currency Conversion: Valuable service or deceptive business model?

Economic and Financial Affairs
 Registration Closed
Date: Thursday, 18 January 2018 08:00 - 10:00

Venue: CEPS Conference Room  |  City: Brussel, Belgium

CEPS-ECRI-BEUC Breakfast Debate

In the Financial Services Action Plan published in March of this year, the European Commission criticised the practice of dynamic currency conversion (DCC) and announced its intention to propose solutions. What is DCC? It is a service offered to consumers when paying for purchases or withdrawing money in a foreign currency, which immediately converts the amount of the transaction into their home currency. DCC services are offered by physical and online merchants, as well as by ATMs. For example, a Belgian tourist making a purchase in say Croatia will be offered the choice of making the payment in euros (the consumer’s home currency) or kuna (local currency). When presented with such a choice, the majority of consumers opt for their home currency – which they are familiar with – for the sake of convenience. The available evidence shows, however, that the acceptance of DCC by consumers is almost always to their detriment: the final bill is often much higher than when opting for the local currency.

The aim of this breakfast debate is to discuss the DCC service, its advantages and drawbacks, the EU legal framework within which it operates, and possible remedies to prevent placing consumers at a disadvantage.

Participation in this event is exceptionally free of charge.

Please click here for the full agenda.

#EUevents

 

Telephone
Tel: +32 (0) 2 229 39 11
Email
This email address is being protected from spambots. You need JavaScript enabled to view it.
Address
Congresplaats 1
1000 Brussel, Belgium

 

Map


 

All Dates


  • Thursday, 18 January 2018 08:00 - 10:00

Powered by iCagenda

A Practical Approach to Horizon 2020 Proposal Writing
Thursday, 26 - Friday, 27 April 2018
EU Events partner - Corporate Odyssey
Organising your event in Brussels? Come and discover EU Events' new partner!
The SME Instrument: How to write a winning proposal?
Thursday, 19 - Friday, 20 April 2018
Erasmus Salon #4 – Mobility and Digitisation
Wednesday, 18 April 2018 19:00 - 20:00