The new card is the fintech company's reaction to Euronet introducing high transaction fees on cards issued abroad
Cashless wrote about the high fees imposed on Revolut and Curve card users for withdrawing money from Euronet machines in mid June, after one of our readers noticed he had been charged a surcharge of more than ten złoty for a 50 zł transaction. Soon it turned out that the issue was present for all cards, including Revolut, issued by a company from a different country than where the transaction was made. As we know, Revolut and Curve are registered in the United Kingdom.
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But Revolut found a solution. Karol Sadaj, who is responsible for the fintech company's development in Poland, has announced that customers can now order a Mastercard in the app that will be recognized as a local card. That way withdrawing cash from a Euronet machine will not have a surcharge, and when paying in stores, the customer will not be offered the possibility to pay in a different currency. Interestingly, the fintech will issue Mastercard, not Visa cards for now - even though users of the latter did not experience the fee problem when using Euronet.
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Unfortunately, the surcharge issue was only resolved for new cards. Users of older ones still need to avoid Euronet or order a new card in their Revolut app. Issuing a new card (and you can have three at most) will cost them 23,99 zł with shipping.