Rich One
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- Jul 17, 2012
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There is at least some truth in this. I have heard from a couple of people here - both of whom have stores and take credit cards - that if a local credit card holder contests the charges, they can fight it at least somehow. If a US card gets swiped and the charges are contested, the shop loses the money no questions asked. And I've also heard of higher charges for foreign cards.
Not sure if this is true of bigger institutions or just mom-and-pop shops, but definitely not all cards are equal.
Now thinking this again, all transactions with vendors in Argentina with a Mastercard are cleared thru Mastercard Argentina, same thing with Visa. Independently of the issuing bank...?