how to pay a regular subscription in usd from a uk bank

Terry_Towelling

tfc wrote: »

Thank you, I appreciate what you say, but I am not talking about paying by debit card or credit card used overseas.

I am talking about a US company directly debiting my account (bank, debit card, or credit card) in the UK.

I described it to the bank exactly as that, a direct debit. The bank mentioned direct debit from an account, via account details or debit card details and credit card account via credit card details.

I will recheck with the bank.

Do you have any experience of this sort of transaction?

Having re-read one of OP's posts I am now very confused. The highlighted text above initially suggests OP is not talking about a card transaction, then appears to contradict that and finally talks about a Direct Debit.

I'm not certain but I would expect the company involved would only be able to process a Direct Debit if it is set up to do so in accordance with UK Direct Debit practice. It's far more likely the company is talking about making a plastic card transaction.

tfc

After discussions with the supplier, and the bank, the solution is that as the supplier does accept credit cards, a UK credit card can be used.

The transaction(s) are not regarded as 'direct debits', but 'recurring point of sale' transactions by the bank.

The supplier charges in their own currency. The charge is presented to the customer's bank in the currency of the credit card, with any currency exchange carried out at the Visa/Access global exchange rate by the credit card system.

The customer does not pay currency conversion charges. The only charge which might be levied is if the customer's credit card specifies that there is a charge for foreign transactions. (There are several UK credit cards which offer fee-free purchases for foreign transactions. See elsewhere on the main site.)

Terry_Towelling

So, as you were, everybody.

We are just talking about a standard Recurring Transaction made in a foreign currency. Standard Visa/MasterCard ex-rate applies and any currency conversion loading will be in accordance with Payment Scheme rules and Issuer specification.

Nothing unusual after all.