As I reported a while back, Dynamic Currency Conversion, or "Pay in your local currency" is all but dead in local stores in Thailand. No one has any reasons or explanation — but when we tell them to "pay in baht", the staff respond now that "only can do baht now". It makes me think of "Ding, Dong, the Witch is Dead" … at least for now, until Thai banks figure out that if they SHARE their DCC profits with the merchants, it might arise from the ashes. Until then, I can hope and pray that it is forever dead.
I didn't remember to get the best street rate for the day this occurred, but I will compare it to Capital One charges. For example, based on these examples, a "very good" exhange rate is between 36.13 and 36.16.
The following charge is the actual charge for bus services. Capital One gave me 36.1635 baht to the dollar.
The next screen capture is from the Kbank interface when trying to bus the Belltravelservice Bus Tickets. The only thing that is important is what Kbank says "Today Exchange rate is = 34.0132 Baht/US Dollar". That is over 2 points lower than the rates I was provided. Plus they wanted to charge me $6.76 for the "privilege" of paying in US Dollars, instead of what I actually paid by REFUSING their "kind offer". I paid $6.36USD instead of $6.76.
It doesn't sound like much — but if you are willing to accept this on small amounts, you will forget when you decided to purchase something large – like a mattress or furniture. To see my experience with buying a mattress and having the seller try and rip me off with DCC for $71USD, click here. Don't accept DCC on small amounts and you will learn to NEVER get ripped off on the large charges.