Avoiding Foreign Transaction Fees

I agree with some others who have stated that your biggest loss is not the foreign transaction fees, but the amount you give up because of the "brecha cambiaria," the difference between the market (blue) and official exchange rate. If all of your income is in dollars and you have no choice, I can see why you wouldn't want to risk it with a sketchy Paypal transaction with a stranger, and you are helping counteract the capital flight in the country's balance of payments.

Still, why pay the fees? I love my Capital One and Charles Schwab accout because they are fee-less even if I can't use them now in this country (technically, I can; it just behooves me to spend pesos). FYI, you can't sign up for an account from a foreign IP address; plan accordingly.
 
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