Transactions made in foreign currencies/merchants or those processed by foreign acquirers shall be automatically converted to Philippine Peso at the Mastercard currency conversion rate on the day the transaction is processed, plus a Foreign Currency Conversion Fee of 1.70% which is comprised of Mastercard's Assessment Fee and EastWest's Service Fee.
Fee type name, description and rate will be updated effective Oct. 15, 2024:
Foreign Transaction Service Fee
A service fee of 2.50% comprised of Mastercard Assessment Fee and EastWest’s Service Fee is applied to the following transactions, whether made in/outside the Philippines or online:
a) Transactions that are charged in foreign-denominated currency then converted and billed in Philippine Peso using the prevailing Mastercard currency conversion rate on the day the transaction is processed; and
b) Transactions that are automatically converted then charged in Philippine Peso by a foreign acquirer at point-of-sale.