My personal experience with credit card usage is a mixed bag. It depends on the exchange rate on the day they submit your sale to the bank to process. Currently, with the fairly rapid devaluation of the Jamaican Dollar (i.e. they get more Jamaican dollars if they hold your transaction for awhile), some places may not process the sale for even up to a month.Originally Posted by Jamaica4ever
The beauty of an ATM is that it is a current value transaction and (as they say) "ya know what ya get" transaction. Yes, you pay for the withdrawal at a ScotiaBank but I don't get charged a transaction fee when I use the NCB bank. My bank allows me to withdraw up to $500 per day but I need to do it in two transactions as I get a "exceeds limit for withdrawal" if I try to do it all at once.
I live out on the island and, yes the ATMs sometimes run out of money (especially on a Sunday or Monday before business starts and the Guarda money trucks arrive.
For the most part, I think ATM is the way to go but others may not like that way or have other ways they like to do it.
Peace and Guidance
