How does foreign exchange (FX) / currency conversion work?

Float cards can be used for transactions globally, except those in the blocked countries list, at any merchants that accept Visa or Mastercard.

Float applies an FX rate to transactions that incorporate the VISA/Mastercard daily FX rate and foreign transaction fees. The VISA/Mastercard daily FX rate can be found here.

Foreign transaction fees are made up of  Network fees and Issuing Bank Fees.

When you make a purchase on your Float card in a currency that’s different from the denomination on your Float card, you will incur a 1.5% foreign transaction fee.

Customers can still pay zero foreign transactions fees on USD spending by signing up for Float’s USD card. By funding your Float USD cards directly from your USD bank account, customers can also save on conversion fees charged by their bank.