Talk:Money

From Wikitravel

Jump to: navigation, search

I am in Canada and most of my knowledge on credit cards is limited to Canada and US. I don't know if the same rules apply to credit cards issued in other countries.

  • Do other countries Credit Cards often have insurance as part of the card?
  • Do other countries have travel cards?
  • Do other countries credit cards protect you against not receiving the purchase. (For example when the Canada 3000 airline went bankrupt, all of the Credit Card purchases of tickets were reversed by the card companies once they didn't provide the service. You had to wait until your travel day, and then write a letter to the Credit Card company to say you never received your flight, but that was much better than loosing out completely as you would have if you paid with cash or cheque)

Also I've never used travellers' cheques so maybe others can provide better information on that. My personal experience with currency exchange is limited mostly to North America and a little bit in Europe (pre-Euro). So I may have missed some things that are important in the rest of the world.

I think this page should be kept very general. No country or even region specific information should be included here. That should be on the country page. However, if someone can provide general information on the risks/benefits of black market currency exchange that probably should be here. -- Webgeer 01:31, Jul 30, 2004 (EDT)

Agreed, the ATM naming list should be distributed among the destinations concerned — but I'm too lazy to do it. :) Jpatokal 02:59, 5 May 2005 (EDT)
I've finally ripped out the list, please move these to the country articles in question and then delete from below. Jpatokal 00:26, 6 March 2006 (EST) 
   * Canada: ABM (ATM is also used) I have never heard anyone use ABM I think CIBC uses that in their literature, but it is not a normal term, at least in Western Canada (However, ABM is used in some machines in Western Canada)
   * Italy: Bankomat
   * Switzerland: Bancomat
   * Germany: Geldautomat
   * Poland: Bankomat
   * United Kingdom: Cashpoint
   * Latin America: Cajero Automatico
   * United States: ATM
   * The Netherlands: Pin automaat, or geld automaat

[edit] Gah!

What's this?

Why are we giving tips on how to successfully transact black money? First it was encouraging others to bribe in India, see Talk:India#Baksheesh and now it's this. And although no one's denying the fact that black money rates are quite good, it's morally wrong and advising travellers to indulge in such stuff is not one of our goals.

Just because corruption is high in third-world countries (including India, my home country), it doesn't mean that others should be encouraged to become corrupt themselves. Upamanyuwikitravel • ( Talk ) • ( Travel ) • 09:04, 13 March 2007 (EDT)

Study the text yourself....

The key guideline to successful black market transactions is to receive the money before you hand yours over. Count the bills, inspect the bills carefully, compare them to any you already have, and only then surrender your own money to the vendor. Do not allow them to take back the money they gave you, as this is where various sleight-of-hand tricks can be pulled to replace the legitimate bundle with something entirely different.

An exception may apply in countries such as Nepal and India where doing a legal exchange at a bank can involve wasting an hour or more but most hotels will change money for you instantly and fairly safely. The rate may not be much better, but the convenience is.

[edit] 4-digit PIN

"PIN code lengths vary from country to country. 4-digit PINs are more or less universal, but longer codes may be rejected. Ask your bank to issue you a 4-digit PIN for travel."

Is this really true? I have read this on a number of sites, but is it just an urban legend, or out-of-date? I have a 6-digit PIN, and have never had any problem anywhere in Europe. Can anybody confirm WHERE you need a 4-digit PIN? CF 15/10/07.

Based on quick Googling, this seems to be out of date pretty much anywhere. PINs of over 6 digits are still problematic, but also pretty rare. Jpatokal 04:23, 15 October 2007 (EDT)

[edit] Crime to exceed your limit!?

I've cut out this section as highly dubious:

In a few countries, such a Malaysia and Singapore, it is a crime to go over your credit card limit. It is unlikely, though, that a tourist would be arrested if they haven't yet left the store with the goods. More caution should be used at restaurants, but even here, you'll probably be given a second chance to pay with cash or another card. (This law has been around long before credit cards were electronically scanned.)

I live and travel extensively in both countries, have attempted and seen other attempt to charge to a maxed out card umpteen times, and have never been met with anything other than a shoulder shrug while you dig the next one out of your wallet. Jpatokal 04:30, 15 October 2007 (EDT)

Retrieved from "http://wikitravel.org/en/Talk:Money"