Payment abroad can be done in different ways. In most countries there are ATMs where money can be withdrawn. But there are also countries (such as Gambia) where this is not possible. In most countries in Europe you can simply pay with money brought from the Netherlands. Everything about paying abroad. Pay with PIN abroad, pay with credit card abroad.
Currency of the host country: Each country has its own currency
Anyone traveling to a country must take care of the currency of that host country. This can be done by requesting that currency in advance from your own bank. There are costs involved. In addition, certain countries have a rule that only a maximum of the country’s currency can be taken in and out. Always check this in a travel guide or look it up on the internet.
Traveling in Europe: which currency
Things are often a bit simpler in Europe, especially now that the euro has been introduced. In many countries you can pay with the euro, because we all have the same currency. The following countries use the euro:
Countries outside Europe where you can also pay with euros
There are also many countries where you can also pay with the euro. This only concerns paper money. People can’t do much with coins or they will ask you to exchange coins for paper money. In fact, people prefer to pay with euros because the currency is stronger and yields more. You can pay with the euro outside Europe in many places:
Paying by card abroad
Abroad, you can use your PIN anywhere on devices with a Cirrus or EC emblem. Devices from local providers do not have that emblem and they will therefore not give you money. Payment by debit card is possible in many countries around the world, except in areas where there are few facilities. Even in the interior of many countries that are not yet well developed, debit cards are not accepted. Strangely enough, credit cards can be used again in many such areas. Anyone traveling to a certain country would do well to prepare well in advance. In Gambia, for example, it is not possible to pay by card. You can exchange money in both hotels and exchange offices. It is always worthwhile to visit some of them to check the currency (ask for the currency). You can then choose the person who gives the most for the euro, pound or traveler’s check. In countries where debit card payments are not accepted, you must bring cash in the form of euros or English pounds. Traveler’s checks are safer, which are reimbursed in the event of theft. Money can also be collected with the Visa credit card at the Standard Charter Bank ATMs, but this will cost a lot of money in commission.
Debit card payments abroad are not free
By the way, debit card payments abroad are not free either. After the holiday it will become clear how much will be charged for a specific transaction. Informing in advance can also pay off. Paying a large amount at once often costs less than simply taking some money out of the machine.
Buy foreign money in the Netherlands
Anyone who wants to buy foreign currency in the Netherlands can do so at:
- Money exchange offices (GWK offices)
- Post offices
Foreign currency is not always in stock
Anyone who wants to buy foreign money in the Netherlands would do well to report this in advance. Some currencies are not in stock at all. This must be ordered well in advance.
Pay with debit card in restaurants or shops abroad: search for Maestro/Cirrus logo
In many countries, just like in the Netherlands, you can also pay with a debit or credit card in shops, restaurants and other establishments. This is possible in places where the Maestro/Cirrus logo is on the door. Abroad, the same PIN code is used as here in the Netherlands. However, the devices often work differently. For example, there are devices that ask if you want to withdraw the money from a savings account. Sometimes multiple transactions can be made in succession, but the customer must then answer the question whether he wants that. Sometimes quite complicated. Ask for an explanation if you do not understand in advance how the device works, otherwise there is a good chance that you will not get any money from the device.
Another well-known means of paying for travel is the traveler’s check. These are fully insured against theft and loss. It is therefore very useful to always take a pair with you on holiday, because this means there is always a buffer available in case of an emergency.