To introduce, I just want to simply say I am using Dozens as a normal card (with travel benefit).
I have spent ~£200 in UK, and withdrew £50 in Italy ATM, and another ~£250 in Italy card spending (over the Easter).
I have a question to ask on my foreign spending.
I have 10 card transactions in Italy, I realised that after a day or two, some of the card transactions will log an extra transaction of 1p or 4p. (as seen in the attached screenshot)
So till now, the earlier 5 transactions have the extra few penny charges. I am still waiting to see if the latter 5 transactions will have the same.
To relate to other fintech. Revolut doesn’t have this problem, the transaction at that instant is fixed. I realised Starling has this problem. The transaction summary will show initial decimals usually appear as fainted grey at the instant of transaction, after a day or two, the decimals will turn solid black, and the figure usually will go up by again few pennies.
So my question is, does anyone know what’s happening on the background?
(My guess is some kind of Mastercard floating exchange rate, versus the merchant’s charged exchange rate which usually happens few days later?)
Also my slight negative comment is, these few pennies charges, make the spend section very lengthy and messy.