I guess the scam is related to euronet commissions, isn't?
is case what is an typical commission for Euronet ATM?
A map of ATMs designed to scam tourists in Europe
91–100 of 145 posts
Re: A map of ATMs designed to scam tourists in Europe
#92I caught onto to this scam at an airport ATM in Poland 6-7 years ago. The hard sell definitely flagged it to me - it said something about how the ATM could guarantee their conversion rate but if I had my bank handle the exchange the ATM had no idea what I would get, could be much much worse. I googled the nominal exchange rate and decided I would take my chances with the bank, which was the correct decision.
What I thought was crazy is that back then, and now, with a few minutes' looking I couldn't find the rate the bank would give me.
Re: A map of ATMs designed to scam tourists in Europe
#93I guess the scam is related to euronet commissions, isn't? is case what is an typical commission for Euronet ATM?
found some info in https://www.monito.com/en/wiki/euronet-atm-charges-and-fees#...
What is Euronet?
Euronet Worldwide is an American-headquartered worldwide provider of electronic payment services. It operates the largest independent ATM network in Europe and owns a total of almost 46,000 ATMs around the world.
Euronet’s high ATM fees and exchange rates have regularly been criticised, but the company has frequently defended itself, saying that such fees are necessary to cover ATM running costs and the convenience that these machines provide. However, considering that many of Euronet’s ATMs can be found in locations such as airports and supermarkets – where if you need cash fast, there’s little other choice – you could argue that Euronet has found an easy way to generate additional income.
Euronet ATMs charge high fees that can quickly catch you out. Here’s what you need to know:
Euronet ATM withdrawal fees vary from €1.95 to €4.99
dynamic currency conversions (DCCs) can stack up to 13% of the total amount, you'll find Euronet ATMs in tourist locations (e.g. airports, shopping centres, busy streets, etc.),
we recommend avoiding Euronet ATMs wherever possible.Re: A map of ATMs designed to scam tourists in Europe
#94Does the proximity of a Hard Rock Cafe count?
Not necessarily. There is a Hard Rock Cafe right next to the main train station and major mall in Warsaw, and I wouldn't call that mall touristic. It's just a nice mall, as far as malls go.
As a tourist who has been to said mall, it is a pretty damn nice mall, maybe the nicest I've been to.
(I didn't go to the mall for touristic reasons, I just wanted to grab a bite after arriving in Warsaw by train.)
Re: A map of ATMs designed to scam tourists in Europe
#95Having lived in Palma I can confirm that this is indeed a decent way to avoid the two nightmare tourist areas (and not just a population density, as the central Palma area would be larger). I like this idea for proxy maps. Do the same for London with American candy stores
But the candy stores are in some popular places that are otherwise interesting to visit. Same as Angus Steakhouses. The winning move is to look at the sights but bring a packed lunch.
Re: A map of ATMs designed to scam tourists in Europe
#96I guess the scam is related to euronet commissions, isn't? is case what is an typical commission for Euronet ATM?
found some info in https://www.monito.com/en/wiki/euronet-atm-charges-and-fees#... What is Euronet? Euronet Worldwide is an American-headquartered worldwide provider of electronic payment services. It operates the largest independent ATM network in Europe and owns a total of almost 46,000 ATMs around the world. Euronet’s high ATM fees and exchange rates have regularly been criticised, but the company has frequently d…
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Re: A map of ATMs designed to scam tourists in Europe
#97Earlier quoted context omitted.
Was going to say the same thing. There’s zero correlation between touristy spots and Spar in Ireland, unless East Wall has suddenly become a tourist hot spot without me hearing about it
I was in Mallorca this summer. And I have shopped from Spar across Europe in the past. The various "Spar" in Mallorca are mom & pop mini markets with 20% higher prices than the Mercadona or Lidl. Walking outside such a "Spar" one you SEE that this is not you "central-europe-1000 sqm shop" but a rip-off with a Spar label on it. I haven't paid attention on the ATMs though. I believe that with the prevalence of Conotoxi…
So they just are the certain size category shops. Usually small as the retail spaces are not supermarket sized. Thus they don't get benefits from scale and end up being expensive.
The reality is that there is no big retail spaces near tourist attractions. Or those are much valuable when split up. Thus you end up with smaller stores that do not benefit as much from scale.
If you do not like the prices, just travel enough to find equivalent of Walmart...
Re: A map of ATMs designed to scam tourists in Europe
#98Earlier quoted context omitted.
Was going to say the same thing. There’s zero correlation between touristy spots and Spar in Ireland, unless East Wall has suddenly become a tourist hot spot without me hearing about it
I was in Mallorca this summer. And I have shopped from Spar across Europe in the past. The various "Spar" in Mallorca are mom & pop mini markets with 20% higher prices than the Mercadona or Lidl. Walking outside such a "Spar" one you SEE that this is not you "central-europe-1000 sqm shop" but a rip-off with a Spar label on it. I haven't paid attention on the ATMs though. I believe that with the prevalence of Conotoxi…
I live in Mallorca and the amount of retailers and services that only take cash is significant, it includes:
- several Palma bus lines (if you don't have the bus card)
- the most traditional bakeries, tailors, dry cleaners and so on
- 95% of the traders in my local municipal fruit and veg market
- 95% of the traders in the largest antiques market
- many cleaners, gardeners, painters, physiotherapists, swim instructors, yoga teachers etc
In addition, many places will offer one price for cash, and another for paying with card, and we know what that's about.
I've had to relearn having cash on my person, otherwise you can't get what you need several times a week.
Re: A map of ATMs designed to scam tourists in Europe
#99I caught onto to this scam at an airport ATM in Poland 6-7 years ago. The hard sell definitely flagged it to me - it said something about how the ATM could guarantee their conversion rate but if I had my bank handle the exchange the ATM had no idea what I would get, could be much much worse. I googled the nominal exchange rate and decided I would take my chances with the bank, which was the correct decision. What I t…
Paypal has this same scam going, but they charge up 6% plus and you'll still get the 3% FTF from your card company.
Re: A map of ATMs designed to scam tourists in Europe
#100I have wondered is there actually anything wrong with mass tourism? Wouldn't properly build for tourism destinations actually be overall better option? As long as they do not become over relied on. At least if we must have tourism and do not ban it altogether... Mass tourism would allow optimization for environment and not to destroy areas that people actually work and live in. See the AirBnB effect for example. And…
Ever visited a proper tourist trap? They’re awful places no sane adult would ever spend time in.
They exist for people who don’t want to actually experience anything unfamiliar when they travel.