Stripe
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Stripe conversion scam charging you extra spread for no reason and no service
As a Brazilian consumer when i went to pay for a hotel in Italy online, they offered to pay on 2 currencies, BRL and EUR they inform you that they apply a spread of 3.5% if you pay in Brazilian reais but what they don’t tell you is that this is just an extra charge for them to rob you since ALL international transactions even when exhibited in BRL will be converted back to USD and then again into BRL by your credit card bank. So in effect you give Stripe 3.5% extra for tricking you into choosing their BRL conversion rate instead of the original rate. So you end up paying their 3.5% conversion rate for absolutely nothing since you have to pay another conversion rate to your credit card bank. This is a scam perpetuated by Mastercard and Stripe. I demand a reimbursement for this fraudulent tactic. If not, I will launch an official complaint in the USA Better Business Bureau and evaluate options for a class action law suit. In plain sight they are allowed to scam customers like that. And no one has launched a class action law suit against them ? Well I am going to check on that and instigate it across all possible jurisdictions. there is absolute no service being provided when they charge the spread, it’s a disgusting trick they use to make extra money.