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Hey bradwood, we don't charge a single cent from fees, the spread we take is the mid-market one. This differs from Paypal, TransferWise and such, to whom you p
by nfcurti 7y ago
Hey bradwood, we don't charge a single cent from fees, the spread we take is the mid-market one.
This differs from Paypal, TransferWise and such, to whom you pay hidden-fees, and conversion-fees as you refer to the spread.
In our case, we make money from API Calls to our B2B service, but not from common transaction.
If you deposit 100Euros from an account in Bahamas, and transfer it to an account in Papua Nueva Guinea, the Papuan guy's gonna receive 100Euros, then he can withdraw in the currency he prefers and get a spread at official conversion rates (Except for Venezuela, where we offer a special rate due to obvious reasons).
Thanks for the Finance 101 Class!
- bradwood 7y ago> get a spread at official conversation rates "official"? What is that, exactly? "Official" determined how, and by whom, and using what inputs? Forgive my scepticism, but that sounds awefully fishy...