QUOTE(lyvvee @ Jun 9 2019, 10:46 AM)
Actually, seeing as Agoda jacks up the price if you choose to pay through then later even if you set the display price to MYR on the grounds of adjusted conversion rate (if my understanding of older posts in this thread is correct), what's to stop them from jacking it up even if you picked the property's currency as the display price? Like, if I agreed to pay JPY10k, the final price won't be jacked up to JPY12k or anything like that, will it? Can they even do that? Because while the first is plausible, the second just seems highly illegal. They can't do that, right? Whatever's stated on my credit card bill, that would be the bank's MYR conversion to whatever I agreed to in JPY, right? Does anyone have any idea?
Display price is one thing, transaction being completed in different currency is another.
This whole thread started when I noticed my bookings were not charged in foreign currency and Agoda was doing the conversion from their end, and not from the bank's end (in the credit card bill, the Agoda transaction went through as MYR even though the hotel was a foreign hotel). So when Agoda is doing the conversion, the rates were higher and outright ridiculous in some cases when MYR was fluctuating madly back then.
The loophole here lies in the final transaction's currency. I'm not sure how does Agoda works nowadays as some member mentioned recently that there's an option for you to complete your transaction
completely in foreign currency which is acceptable (eg, Japan Hotel, charge in JPY, final transaction goes through in JPY with no conversion from Agoda's end, your credit card bank will handle the currency conversion hence your credit card bill will show the transaction in JPY + conversion details).
As long as your billing option is still JPY, if they quote you 10k JPY, you just have to make sure your credit card bill appear as 10k JPY (let the bank/Visa/MasterCard do the conversion during the payment date).
This is the same as using PayPal when purchasing online using foreign currency. Except PayPal gives you the option to choose how you want to be billed.
(i) Let PayPal handle the conversion and PayPal will bill you in your local currency
(ii) Let the bank/MasterCard/Visa handle the conversion PayPal will bill you in the specified currency -> always the cheaper option
This post has been edited by evilhomura89: Jun 9 2019, 11:16 AM