You'll be able to use your debit or credit card in most places, but cash is often preferred by independent businesses. It's also worth contacting your bank before you travel to check if there will be any charges for transactions abroad.
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Until recently, cash was the most common payment method in Greece. However, credit cards have been on the rise over the last decade since the Greek government now requires most businesses to have a point-of-sale terminal. Credit and debit cards are now widely accepted, but cash is still preferred by some businesses.
Despite problems in the Greek economy, it's still on the expensive side to travel to Greece. Budget travelers should plan on $50 a day, while mid-range to luxury travelers can expect to pay between $150 to $350 a day, or higher if you plan to visit more than one of its 200 islands. All prices are in US dollars.
Tipping is a common practice in Greece, especially in the hospitality industry. It is a way to show appreciation for good service. It's recommended to have cash on hand for tipping purposes. While some establishments accept credit cards, it's easier and more convenient to tip with cash, especially for smaller amounts.
Is 500 euro enough in Greece? Rent excluded, the average living expenses for a single person in Greece is around €600 per month. If you're a university student, you'll need about €500 monthly. Whereas a family of four might need about €2,000 per month.
But if you pay in euros, you'll get a rotten exchange rate. Ideally, if you're in a non-euro country for more than a few hours, head to the ATM and use local currency instead. Use your credit card to get cash only in emergencies.
How much money will you need for your trip to Corfu? You should plan to spend around €113 ($119) per day on your vacation in Corfu, which is the average daily price based on the expenses of other visitors. Past travelers have spent, on average, €31 ($32) on meals for one day and €55 ($59) on local transportation.
Local produce is also a must – olive oil, carved olive wood, olive soap, kumquat, honey, preserved fruits etc. Many shops now sell “?t?p?a” or local produce. Unlike some countries, where bartering is an expected thing, Corfiots can be insulted if you barter.
European travelers should always have some cash on hand; getting it from an ATM abroad is usually the easiest, most advantageous way. If you need cash from an ATM, it's usually better to use a debit card, because credit cards often charge a high interest rate for a cash advance.
If you prefer dealing in cash, then by all means get some euros out before your trip. But actually, you'll find that debit and credit cards are widely accepted in most European cities. Paying by card can be easier and more convenient, without the potential security risk of carrying cash around you.
Resist the urge to buy foreign currency before your trip.Some tourists feel like they just have to have euros or British pounds in their pockets when they step off the airplane, but they pay the price in bad stateside exchange rates. Wait until you arrive to withdraw money.
Once you've reached your destination, avoid airport kiosks or other exchange houses. Your bank's ATM network is likely the best option. You may be able to withdraw cash in the local currency with competitive exchange rates and low fees (1% to 3%). Use your institution's app to find an ATM near you.
How much money will you need for your trip to Greece? You should plan to spend around €155 ($166) per day on your vacation in Greece, which is the average daily price based on the expenses of other visitors. Past travelers have spent, on average, €40 ($43) on meals for one day and €30 ($32) on local transportation.