Trade here: https://manifold.markets/why662s5/can-eu-companies-charge-14-exchange-Z29pZ8Cqg6
https://www.youtube.com/watch?v=5Dg2aecGiYQ
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about EU regulations on exchange rate fees for euro transactions.
Transaction fees are different: "charges for cross-border payments in euro should be the same as for corresponding payments within a Member State, which means charging an exchange rate fee for euro-to-euro transactions would violate EU regulations".
Resolution criteria
This poll is to capture opinions of YES if EU companies are legally permitted to charge a 14% exchange rate fee for euro-to-euro conversions , and NO if such fees are prohibited.
(manifold AI verdict):
You may look for references to official EU payment regulations, specifically Regulation (EU) 2021/1230, which requires that charges for cross-border payments in euro be the same as for corresponding payments within a Member State. A company's ability to operate with such fees due to legal ambiguity or weak enforcement does not constitute legal permission
Background
EU regulations require that currency conversion charges related to card-based transactions be expressed as a percentage mark-up over ECB reference rates and disclosed to the payer prior to transaction initiation.
However, euro-to-euro transactions are not currency conversions—they involve the same currency. Cross-border payments in euro should incur the same charges as domestic euro payments, meaning no exchange rate markup should apply.
Considerations
The question references a "gray area" where companies with good lawyers might operate. However, EU payment regulations are explicit: there is no legal basis for charging exchange rate fees on same-currency transactions. Any such practice would violate the "same charges" rule established in EU cross-border payment regulations.
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