When I recently paid a hotel bill in Switzerland, I agree the amount in Swiss Francs and presented my credit card.
I was given a keypad to enter my PIN number and this displayed an amount in sterling, which I did comment on. My attention was then drawn to the credit card machine printout which showed the SFr amount. I later noticed that the print out also contained the words:
" 2% markup included in the exchange rate. I accept that I have been offered a choice of currencies for payment and that this choice is final. I accept the conversion rate and the final amount in transaction currency."
The later part was quite untrue as I was never offered a choice.
What I am wondering is how this transaction will be treated by my UK credit card operator, who would I think normally add a 2.75% foreign exchange commission!
I've not had a foreign credit card transaction converted to sterling in this way before.