![]() ![]() Be aware that many credit cards charge a cash advance fee (typically around 3%) for buying currency, so you may have to weigh up the benefits of full financial protection with the extra cost of using a credit card.Via Wise website How to Convert CAD to USDįortunately, converting Canadian dollars to USD is fairly simple. Section 75 states that your card issuer must refund you in full if you don't receive your order. Credit cardĬredit cards offer full financial protection, and your money is protected by law under Section 75 of the Consumer Credit Act. This isn't a legal right, and a refund isn't guaranteed, but if you make a chargeback request your bank is obliged to try and recover your money. If you pay by debit card and the company goes bust, you can instruct your bank to make a chargeback request to recover your money from the company's bank. Debit cardĭebit cards are the most popular payment method and they offer some financial protection. For this reason, we recommend you pay by debit or credit card wherever possible because they offer more financial protection. If the company goes bust and you've paid by bank transfer, it's unlikely you'll get your money back. Your money is not protected if you pay by bank transfer. We routinely check all the companies that feature in our comparisons to make sure they meet our strict listing criteria, but it's still worth knowing how your money is protected in the unlikely event a company goes bust and you don't receive your order. Sending money to a company you might not have heard of before can be unsettling. ![]() You don't want to be searching for the nearest currency exchange when you've just landed and you're desperate for a cup of tea - or a cocktail! Lastly, it can be handy to have some cash on you when you arrive at your destination so you can pay for any immediate expenses like food, transport and tips.
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