U.S. Tourists in Europe May Soon Pay Foreign-Exchange Fees Again
Sightseers use their smartphones to take photos of the Eiffel Tower as it stands above residential and commercial property on the city skyline in Paris.
Photographer: Christophe Morin/BloombergThis article is for subscribers only.
A recent change to credit-card swipe fees in Europe could mark the end of a popular benefit for tourists from the U.S.
Visa Inc. and Mastercard Inc. agreed in April to reduce swipe fees in Europe, a move that threatens banks’ ability to offer credit cards without foreign-exchange fees, said Discover Financial Services Chief Executive Officer Roger Hochschild.