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Dollars, Pesos, or credit card onn Isla Mujeres?

Discussion in 'Mexico' started by Kharon, Feb 14, 2020 at 9:32 AM.

  1. Kharon

    Kharon Solo Diver

    # of Dives: 200 - 499
    Location: Upstate NY
    3,931
    3,475
    113
    Should I bring some of each or is one better than the others - or does it matter. I need advice.
     
  2. svs

    svs Solo Diver

    # of Dives: 200 - 499
    Location: Philadelphia, PA US
    143
    5
    18
    You can use all but you will save about 50% at many establishments if you pay in pesos
     
  3. BoundForElsewhere

    BoundForElsewhere Ah-Muzen-Cab ScubaBoard Supporter

    # of Dives: 50 - 99
    Location: New York, New York
    693
    764
    93
    Not sure about 50%. Most places charge a 5% surcharge for credit card use. You will see a bit of a better rate if you use pesos, though. Like elsewhere in the world, its always more respectful to pay in local currency.

    Just left Isla on Wednesday. Writing from streetside in Tulum. Lost two out of four diving days due to the weather. Come to Tulum. The cenotes don't care if its windy.
     
    Ontwreckdiver and Kharon like this.
  4. Rickk

    Rickk Nassau Grouper

    # of Dives: 200 - 499
    Location: Philippines
    92
    88
    18
    My international travel experience has been that you should exchange some dollars for local currency at the airport, this will always give you some small bills but you usually get a bad exchange rate.

    They you can just withdraw local currency from an ATM just like at home, don't forget the exchange rates or you may only take out a couple bucks worth of cash.

    I was once in a country where the ATMs had USD and local currency. The exchange rate was about 50 to 1. One friend had the bad habit of forgetting to changed form the default local to USD and he would end up taking out 500 in local or $US10 and have to pay the $5 transaction fee every time.

    As a general rule USD is only accepted at tourist places or in Canada very near the border. Away from these places you will either be refused a USD cash transaction or get a really bad exchange rate.
     
  5. horn34

    horn34 Barracuda

    # of Dives: 100 - 199
    Location: Austin, TX
    389
    231
    43
    Not true for diving in Mexico. I have yet to dive with any op in Mexico that doesn't quote in US dollars.
     
  6. Rickk

    Rickk Nassau Grouper

    # of Dives: 200 - 499
    Location: Philippines
    92
    88
    18
    Diving is a tourist service, seldom see any locals diving in any tourist destination county.
     
  7. horn34

    horn34 Barracuda

    # of Dives: 100 - 199
    Location: Austin, TX
    389
    231
    43
    Also not true. That may be your experience, but tons of Mexicans dive.
     
  8. svs

    svs Solo Diver

    # of Dives: 200 - 499
    Location: Philadelphia, PA US
    143
    5
    18
    When you pay for a dive or hotel difference may be modest, within 10%, but you will get credit card surcharge even if your credit card do not have foreign transaction fees. When you pay at restaurant of souvenir shop difference can be much more dramatic
     
  9. hilljo88

    hilljo88 Barracuda

    # of Dives: 500 - 999
    Location: nyc
    432
    264
    63
    Do some research before you go. Some banks in US will sell you pesos at a “ reasonable” exchange rate, including fees. Fees are usually per transaction so don’t get just $20 at a time. Some credit cards have no fees for peso charges, but you need to insist that the hotel/restaurant charge your card in pesos. Some US credit/debit cards have good exchange rates and no fees at some ATMs, but you have to be careful in determining which ATMs have this arrangement with your card, and be careful of your physical security when using ATMs. You can save a few bucks doing this research, but may decide it’s not worth the effort. Have fun diving!
     

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