How apple charging on purchases made in Australia online from overseas sellers on transactions priced in USD.
Then how to compare this rate to others like Australian banks apps PayPal
iPhone 15 Pro Max, iOS 18
Apple doesn’t charge merchants or consumers any fees for using Apple Pay. If you’re being charged foreign transaction fees they come from one or more of these sources, merchant, Payment Network Operator (Visa, Mastercard etc.) and bank that issued the card.
Some banks and PNO may waive foreign transaction fees on some of their cards. Merchants may be adding fees, but they’ll be disclosed at checkout.
Currency exchange rates vary on a daily basis. Fees will be added on top of the exchange rate. At the current exchange rate $234 USD is about $370 AUD. You then need to add an additional 3% to 8% in fees charged by Bank and PNO. The additional fees add between $11 AUD to $30 AUD.
So say I wanted to purchase a software from America for 234 USD
How much this would be in AUD today
USD exchange rate on purchases made in Australia by Apple Pay
