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Fuck Euronet.

Fuck Euronet.

Euronet ATM’s are popping up all over the world. But they are a serious ripoff and you should stay away from them.

In the past couple of years, I have noticed ATM’s from the company Euronet popping up in many countries. ATM’s from this company are always located in places with many tourists and are easily visible. In many airports they have exclusive rights to operate at the moment. 

Euronet ATM’s do in many ways look like regular ATM’s, but there is a problem. The fees that are charged by Euronet and the exchange rates that are give are really really bad. It varies from country t country how they work. It all comes down to how much they can get away with in each country. If a country has a weak consumer protection law, then they will often make you lose about 15% of your money in fees and bad exchange rates if you use them.

I have done some research and some of the eastern European countries are especially badly hit by Euronet scams. I am writing these lines in Hungary, where they are everywhere. Not just at the ATM’s at the airport. Visiting Poland last month and did also notice them in many places there and noticed that the rates and fees there are terrible too.

Who is behind Euronet?

The company is not actually European as you might think. Euronet is from the small town Leawood in Kansas. The CEO is is a guy called Michael J. Brown. He has roughly 5600 employees scamming holiday makers for a living. What a nice piece of shit he is.


So if you are on holiday and need to draw money from your debit or credit card, then use the ATM’s that are inside regular banks. They are generally a lot more honest in dealing with this. There is no need to get ripped off by companies like this.

I decided to write this because I hate to see people getting ripped off when they travel. Hope you found this information helpful.

Nice travels without Euronet to everyone.


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  1. Thanks for the warning, Claus. Back when I only traveled a few weeks per trip, I just brought money with me. Now that I”m away for much longer, I just withdraw money from ATMs. The 15% they charge is such BS. Most travelers aren’t usually aware of the charges deducted from their account, so this is good to know. I haven’t seen them here in Israel but I’ll keep on the lookout for those elsewhere.

  2. I can confirm this. I used one of these ATM’s situated at the airport in Copenhagen to withdraw Danish Crones (my currency was Euros) and later that day I googled the exchange rate and woops, in the end I payed around 10-12% more than I should have. 100% Rip- Off.

  3. Hi
    Just got stuck with Euronet doing a ridiculous conversion. I have an Australian Debit card. They did a Euro to Australian dollar to Euro conversion. Lost 44€ in the process

  4. We just used Euronet in Vienna and got ripped off $70 US because we weren’t paying close enough attention to the exchange rate. The receipt that we gott said “I have chosen not to use the MasterCard currency conversion process and agree that I will have no recourse
    against MC concerning the currency conversion or its disclosure.” Of course this is not true. I plan on complaining to MC although I realize it will be to no avail. So frustrating to be ripped off.

  5. Just got stung in Lisbon Airport. What a rip off.

  6. Totally agree. They are everywhere in Copenhagen, more in number than the genuine bank machines. I used a Monzo card so should have had my DKK converted by Monzo at the best rate. Foolishly (I was in a hurry) I accepted their rate for the conversion. Fortunately it was not a large amount, but they are a great big con. Avoid at all costs, literally.

  7. Thanks for the info I will definitely avoid using Euronet

  8. they’re in Porto Portugal too, everywhere!

  9. Thanks for the comments. Unfortunately I found out the hard way. They charge a conversion rate for Euro to Euro, assuming your own country as the origin denomination. Very dishonest system.

  10. I found out the hard way also, I had a new ‘Travelex Money Card’ loaded only as I believed with Euro, needing Euro cash urgently in Berlin the nearest ATM I could find late at night after arrival was a Euronet one displaying the MasterCard symbol of my Travelex Money card. It refused to pay out Euros direct stating that I must accept their conversion rate. At this point being new card and first use I took perhaps as the card had in error been loaded with Sterling and needing cash accepted the transaction. Aggh wrong — same as Wayne’s post above they charge conversion from Euro to Euro recognising prepaid card as issued in UK. On top of that Travelex added later their own ‘Purse Conversion Fee. of 5.7% so cost me 28 Euros to get 150 Euros in cash. Complaint now raised with Travelex and Mastercard — outcome pending.
    My next transaction was in a Banking Hall 150 Euros dispensed without problem zero charges and later check of account for card showed only the 150 Euros debited. So only Bank ATM’s for me now — shame on Euronet and the Mastercard / Travelex Systems for not adequately protecting or warning their Customers.
    Hope this post will help others to AVOID Euronet and some other non-Bank ATM’s.

  11. I can confirm this company is a rip off. Does anyone know of an official way to put in a complaint against the unlawful practice of charging exchange rates that are not in line?

    • Euronet is an American company from Kansas. This means that if you are in Europe, then you should complain to the lawmakers there, that Euronet is breaking the law.

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