How does the exchange rate from CAD show up on my card?

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I live in the US and I’m considering ordering from a Canadian company. The site says they’ve listed the prices in USD but state that it will be charged in CAD. I’m a little confused about what amount will show on my account. I’ve included the text below.

“For your convenience, your order summary has been displayed in the currency you selected. This exchange rate is only an estimate, and your order will be processed and charged to your credit card in CAD.”

In: Economics

2 Answers

Anonymous 0 Comments

Your credit card company will use their exchange rates to do the conversion and your bill will show the rate in USD and usually they display an exchange rate next to it

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