Overseas KRW payment service is a service to pay in KRW when paying by card at overseas affiliates. It is difficult to know how much it is if you pay in dollars, but if you pay in KRW, you can know the exact amount. Blocking this payment method is the overseas won payment blocking service. Why would you need it?
Overseas Won Payment Service (DCC) is an abbreviation for Dynamic Currency Conversion. It can be seen as a direct currency exchange service. When paying overseas in US dollars, the exchange rate at the time the sales slip enters the credit card company is applied, not at the time of approval. So you will know later how much you have to pay in Korean Won. Exchange rates may also differ from when the card was used.
If you use the DCC service, when you check the POS machine, how much is paid in KRW is displayed immediately. The burden and disadvantages of paying in dollars will disappear, and it will be the same as using a card in Korea even abroad.
high commission rate
So, while there are advantages to overseas won payment services, the problem is that the fees are high. There is a currency exchange fee and DCC fee, which is about 3~8% of the payment amount. It is a pity that there is a fee that you do not have to pay.
This fee is even more precious as it is taken from the brand companies Visa or Master. So, when applying for a card, the card company allows you to apply for the KRW payment blocking service.
How to apply for overseas won payment blocking service 우리카드 해외결제 차단 해제
Even if you couldn’t do it when you applied for the card, you can do it later. If you look at the card company app, there are overseas items. You can register or cancel the overseas won payment blocking service by entering here. If it is too difficult to find, you can also call the credit card company call center.
Check your bank account balance and close unused accounts
It is good to keep using one main bank, but as you go through life, your bank accounts will increase one by one. I’m also interested in financial technology, so I have a lot of accounts because I’m chasing high interest rates. to use
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Today, we learned about the advantages and disadvantages of overseas won payment blocking services. If the exchange rate rises in a short period of time, it may be beneficial to pay in KRW. But considering the fees, that’s not easy. If the convenience of paying in won is not great, we recommend using a blocking service.
There is a limit to acquiring information about this and other things because I started shopping overseas later than others. ㅜㅜ 이베이스매뉴얼
If it had started when there was a boom in overseas direct purchase, it would have been reflected in time whenever useful information was poured out here and there…
Since it’s late, even basic common sense will have to shut it down to solve it.
Recently, as a new Woori Card was issued, the existing card used for overseas payments was discarded.
And, as before, when you pay on Amazon… you pay in Korean Won.
Ummm… I wanted to get more, but no matter how much I searched, there was no option to change the won to dollars, so I paid (the product price is 0 won when applying a coupon… it’s free ^^).
It’s a hot deal product, so it’s a situation where you shouldn’t be late for payment, and the payment amount is 0$ or 0 won… I think it will be the same ^^;;
Anyway, there is a hot deal today, so I was going to buy it, but again the KRW payment window… ㅡㅡ;;