Fact Check: Paying By Cards Or Having Euro Currency Accounts Does NOT Protect Czech Citizens And Companies From Transactional Costs
Fact Check
Does paying by card when traveling abroad protect Czechs from additional costs or Czech companies with euro bank accounts from currency exchange costs when exporting goods? No, that's not true: Payments by card abroad still involve transactional costs charged by banks or other providers, and for companies, to have a foreign currency account is also more expensive than having a…