Silent rage is the best way to describe my experience at London’s
Gatwick Airport in December 2014, as I battled with the airport
money-changers to get a dollar for every pound I handed over.
Needing US dollars to pay for a visa upon arrival in Vietnam, Moneycorp – the monopoly currency exchanger at the airport – had a license to legally pick-pocket me. With no pound sterling in my wallet, and no alternative provider or machine, Moneycorp could demand a 4 pound fee to withdraw 40 pounds from my credit card, a handling fee (because it was a small transaction) and leave me with a poor exchange rate. As I handed over the cash it felt like Groundhog Day: just the latest episode in a decade-long struggle through the endless fees and rules of banks and other parties to pay off credit cards in my native Australia, and access cash from ATMs in the world’s largest cities.
Read more at Click here / www.trade4x.net
Needing US dollars to pay for a visa upon arrival in Vietnam, Moneycorp – the monopoly currency exchanger at the airport – had a license to legally pick-pocket me. With no pound sterling in my wallet, and no alternative provider or machine, Moneycorp could demand a 4 pound fee to withdraw 40 pounds from my credit card, a handling fee (because it was a small transaction) and leave me with a poor exchange rate. As I handed over the cash it felt like Groundhog Day: just the latest episode in a decade-long struggle through the endless fees and rules of banks and other parties to pay off credit cards in my native Australia, and access cash from ATMs in the world’s largest cities.
Read more at Click here / www.trade4x.net
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