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> But cross border payments are expensive to facilitate Although that sounds logical, there are multiple services that offer 0% fx conversion. Wise, Monzo, Niy
by shivekkhurana 3y ago
> But cross border payments are expensive to facilitate
Although that sounds logical, there are multiple services that offer 0% fx conversion. Wise, Monzo, Niyo etc. These travel cards are what I carry around in a different country.
- sudshekhar 3y agoOnce we have ACH/SWIFT running smoothly, we'll start offering even lower rates Adding funds via credit/debit card incurs an hefty merchant commission. And hence, no forex company can't sustainably provide 0 FX rates for too long unless they're only taking funds via bank transfer.