International Transaction Fees for P-Card Purchases
- May 4th, 2020
- in News
International Transaction Fees are a 1.2% fee that is charged by Visa in order to convert US dollars into another currency. Regions Bank recently had a change in their card processor and has now begun charging these fees as a separate transaction instead of adding the fee to the original expense. No documentation will be provided from Regions for these expense line items. For fees under $75, documentation in Concur is not required by Procurement Services. For fees over $75, please attach the original receipt as the documentation to satisfy the receipt requirement for purchases over $75. If you have any questions, please contact P-Card Services at firstname.lastname@example.org.