How can I save money on transactions when renting internationally?

Unfortunately, transaction fees are everywhere when you travel internationally. In this article, we share tips for how you can avoid these fees.

One major cost that most travellers don’t plan for is potential charges from the rental company in the event of an accident or damage. Those fees can cost in excess of $3000 and credit card issuers typically charge 4-5% in additional fees for international travellers.

Before you travel, check the cost of using your credit or debit card overseas. To avoid costly card fees we recommend that you use prepaid travel cards
 

When you make a claim there are two factors that can explain the difference between the amount you paid for your damages and the final claim amount you receive.

1. Additional credit card fees: When you make a claim we will refund the charges you received from the rental company, but we do not refund any additional international transaction fees you might incur.

2. International money transfers: Our payment technology allows your claim to be paid into any bank in the world, with no additional fees. While we waive the fees that banks charge for sending payments and wherever we can we waive the fees charged by your bank for receiving payment, (these normally both cost between 10-20 USD per transaction), we take these fees into account when calculating the exchange rates that you see at the time of payment.