find scams
as seen onABCBBCCNETNBCFOXThe StarFOX BUSINESSCTVGLOBAL TVKIPLINGERBreakfast TV

Currency Conversion

How the scam works:

If you are in a different country as a tourist, chances are you’ve already been a victim of this scam. Most restaurants, shops, and local hotels have their own currency conversion rate and don’t adhere to bank’ rates. This means that every time you pay with your credit card you are charged extra money without knowing it.

How to avoid:

Your best bet is to have local cash for everything. Pay by credit card only at well-established vendors. The smaller the business, the bigger the charges. Also, currency exchange booths are sources of several scams; from somebody causing a diversion while the teller counts the money (making sure you are not paying attention to his fingers) to the delivery of the money in an envelope, so you just pick it up, put it in your pocket and leave before counting. Always ask for a receipt, as well.

Make your friends and family aware of this page by sharing it, using the buttons provided.


TOP 3 MUST-WATCH FRAUD PREVENTION VIDEOS

Educate yourself with the videos below:

 

1. Top 5 Amazon Scams in 2020

 

2. Top 5 PayPal Scams in 2020

 

3. The Nigerian Scam [Docu-Drama]

This movie shows how a victim lost over $30,000 to an intricate scheme which is still around years later.




Add Your Comment


Editor's Choice

list with government grant. for individuals

coronavirus face mask scam

submit a scam button