RSS
Follow by Email
Facebook
Facebook
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.

Claus.

RSS
Follow by Email
Facebook
Facebook

9 Comments

  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!

Leave a Reply to Ricardo Cardoso Cancel reply

Your email address will not be published. Required fields are marked *

Please confirm that you\'re not a robot: * Time limit is exhausted. Please reload CAPTCHA.