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euros/dollars
#206942
10/19/2019 09:20 PM
10/19/2019 09:20 PM
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Joined: Jul 2001
Posts: 7,132 St Louis, MO
SXMNorm
OP
Traveler
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OP
Traveler
Joined: Jul 2001
Posts: 7,132
St Louis, MO
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Anyone with recent info on whether the dollar is worth more than the euro or vice versa/ Anyone know the exchange rate for restaurants on the French side?
Next SXM visit -November 2023. Also January 2024.
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Re: euros/dollars
[Re: kim]
#206945
10/19/2019 09:44 PM
10/19/2019 09:44 PM
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Joined: Apr 2014
Posts: 1,234 Middle Tennessee
TravelHat
Traveler
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Traveler
Joined: Apr 2014
Posts: 1,234
Middle Tennessee
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Today’s current rate is 1 euro equals 1.12 US dollar. When on the French side I use my cc and have it charged in Euros to get the current rate. That’s the way to go. Most cards now have no foreign transaction fees.
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Re: euros/dollars
[Re: SXMNorm]
#206986
10/20/2019 04:08 PM
10/20/2019 04:08 PM
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Joined: Apr 2001
Posts: 14,657 Brookfield, CT.
pat
Traveler
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Traveler
Joined: Apr 2001
Posts: 14,657
Brookfield, CT.
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We don’t do a lot of meals on the French side of the island these days but we always do our Anse Marcel days via credit card and have them charge us in EUs. It’s never been a problem and the savings is significant. By the time you rent chairs, do drinks throughout the day and then lunch........it all adds up to much more cash than we typically carry with us and particularly so when we go as a family of four plus one! Those bottles of wine on the beach can add up quickly! But OMGoodness! They do taste delicious.
Respectfully,
pat
"Always keep your words soft and sweet, just in case you have to eat them."
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Re: euros/dollars
[Re: Carol_Hill]
#206993
10/20/2019 07:55 PM
10/20/2019 07:55 PM
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Joined: Jul 2001
Posts: 7,132 St Louis, MO
SXMNorm
OP
Traveler
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OP
Traveler
Joined: Jul 2001
Posts: 7,132
St Louis, MO
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Yes Carol,...SOON. Thanks to all for the info.
Next SXM visit -November 2023. Also January 2024.
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Re: euros/dollars
[Re: irina]
#207011
10/21/2019 01:19 PM
10/21/2019 01:19 PM
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Joined: Jul 2018
Posts: 327 Rhode Island
eightzerobits
Traveler
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Traveler
Joined: Jul 2018
Posts: 327
Rhode Island
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I believe that if you have a merchant agreement with a CC, you are NOT allowed to discount for cash. People do it, but it's not appropriate.
Merchants can't charge a surcharge for using a card, but they are permitted (at least by federal law in the US) to offer a discount for using cash. The card brands have guidelines a merchant must follow, but it can be done.
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Re: euros/dollars
[Re: irina]
#207012
10/21/2019 01:22 PM
10/21/2019 01:22 PM
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Joined: Dec 2008
Posts: 3,276 Boynton Beach, FL
EdB
Traveler
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Traveler
Joined: Dec 2008
Posts: 3,276
Boynton Beach, FL
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I believe that if you have a merchant agreement with a CC, you are NOT allowed to discount for cash. People do it, but it's not appropriate. Cheers irina Irina....in due respect...i do not think that CC companies have this rule. An owner of any business can dictate the way they can use it. I do believe that they are not allowed to charge EXTRA for using a credit card.....but can discount anything they want. My wife's business accepts credit cards...but does discount frequently for cash. Also...down here in Florida....millions of restaurants offer a ''CASH ONLY" menu ...especially on their ''early birds''. Some will take a credit card, and it is clearly stated an upcharge for X Amount for using credit cards.
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Re: euros/dollars
[Re: eightzerobits]
#207016
10/21/2019 01:34 PM
10/21/2019 01:34 PM
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Joined: Mar 2001
Posts: 17,575 Ohio
ruralcarrier
Traveler
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Traveler
Joined: Mar 2001
Posts: 17,575
Ohio
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I believe that if you have a merchant agreement with a CC, you are NOT allowed to discount for cash. People do it, but it's not appropriate.
Merchants can't charge a surcharge for using a card, but they are permitted (at least by federal law in the US) to offer a discount for using cash. The card brands have guidelines a merchant must follow, but it can be done. Then I know several smaller businesses/restaurants in the US breaking the law if this is indeed fact. We were in a small but very busy bakery a few days ago with a sign indicating a 50 cent charge for the use of a credit card.
J.D.
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Re: euros/dollars
[Re: SXMScubaman]
#207020
10/21/2019 02:08 PM
10/21/2019 02:08 PM
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Joined: Mar 2001
Posts: 17,575 Ohio
ruralcarrier
Traveler
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Traveler
Joined: Mar 2001
Posts: 17,575
Ohio
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We just got back from a quick trip and in VA many gas stations were 5 cents higher for credit. I have witnessed the 5% charge with AquaMania also.
J.D.
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Re: euros/dollars
[Re: SXMScubaman]
#207024
10/21/2019 02:24 PM
10/21/2019 02:24 PM
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Joined: Mar 2007
Posts: 539 Sugar Land, Tx
IslandBoi
Traveler
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Traveler
Joined: Mar 2007
Posts: 539
Sugar Land, Tx
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Friers bay doesn't take CC and the exchange rate for dollars to Euro is over the top in their favor. that's why we always carry some Euros when on the french side of SXM and especially in St. Barth...the USD/EUR exchange rates for cash transactions in some establishments can be ridiculous...credit cards usually our first option, but cash if we have to
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Re: euros/dollars
[Re: SXMNorm]
#207025
10/21/2019 02:34 PM
10/21/2019 02:34 PM
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Joined: Jan 2003
Posts: 763 Chicago area & St-Martin
ChiTownHarry
Traveler
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Traveler
Joined: Jan 2003
Posts: 763
Chicago area & St-Martin
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Google says:
Starting in 2013, it became legal to charge customers extra for using a credit card. Retailers can also require a minimum purchase amount when you use credit cards. But merchants need to follow specific rules when adding credit card surcharges.
Eleven states—California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas—and Puerto Rico have laws that prohibit merchants from charging consumers with surcharges on credit card transactions.
Last edited by ChiTownHarry; 10/21/2019 02:36 PM.
--ChiTownHarry
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Re: euros/dollars
[Re: kim]
#207030
10/21/2019 03:58 PM
10/21/2019 03:58 PM
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Joined: Aug 2000
Posts: 83,103 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 83,103
Central Florida!
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As the owner of a business myself, I would never charge a credit card fee. I think that a merchant can decline to accept credit cards, but if they accept credit cards, they should do so at the same rate as cash. But that's just me.
Last edited by Carol_Hill; 10/21/2019 04:04 PM.
Carol Hill
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Re: euros/dollars
[Re: ChiTownHarry]
#207031
10/21/2019 04:05 PM
10/21/2019 04:05 PM
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Joined: Aug 2000
Posts: 83,103 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 83,103
Central Florida!
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Harry--as I posted above, Florida's law was challenged in court and overturned. Don't know about the status of said laws in other states, but I believe the lawsuit involved several states.
Carol Hill
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Re: euros/dollars
[Re: Carol_Hill]
#207035
10/21/2019 04:16 PM
10/21/2019 04:16 PM
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Joined: Sep 2000
Posts: 4,715 Newtown, CT
kim
Traveler
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Traveler
Joined: Sep 2000
Posts: 4,715
Newtown, CT
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As the owner of a business myself, I would never charge a credit card fee. I think that a merchant can decline to accept credit cards, but if they accept credit cards, they should do so at the same rate as cash. But that's just me. I will disagree with you. There is no law that says I must accept credit cards. If the customer wants to pay by card to get points, why should I as a small business eat the cost for them to do so. They are more then welcome to mail me a check, or pay by ACH via the emailed bill and I eat the 1.00 charge for that. But because we don’t do much with credit card we get hit with 3.8%. That adds up. We are service oriented, not a store and email bills unless handwritten at the time and the customer pays by check.
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Re: euros/dollars
[Re: kim]
#207038
10/21/2019 04:31 PM
10/21/2019 04:31 PM
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Joined: Aug 2000
Posts: 83,103 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 83,103
Central Florida!
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Like I said, that is MY opinion, as a business owner. If I accept credit cards, I feel the fees are a cost of doing business and I will not charge the customer for it. As a consumer myself, I feel totally ripped off if a business charges me a fee to accept a credit card, so I will never do that to my clients. And it's none of my business why the person wants to pay with a card.
Last edited by Carol_Hill; 10/21/2019 04:33 PM.
Carol Hill
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Re: euros/dollars
[Re: SXMScubaman]
#207042
10/21/2019 04:44 PM
10/21/2019 04:44 PM
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Joined: Sep 2000
Posts: 4,715 Newtown, CT
kim
Traveler
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Traveler
Joined: Sep 2000
Posts: 4,715
Newtown, CT
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Most governments charge an extra CC fee for paying property taxes with CC. Feds do too. Exactly!
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Re: euros/dollars
[Re: kim]
#207044
10/21/2019 04:49 PM
10/21/2019 04:49 PM
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Joined: Aug 2000
Posts: 83,103 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 83,103
Central Florida!
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And it totally p*sses me off when they do that. As a consumer, I HATE it, that's why I will never charge a fee to my clients to accept a credit card.
Carol Hill
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