Quote:
Originally Posted by Yngwie
With us (Paxum), as stated on the site, the atm fee is $2. As for the exchange rate it will be whatever exchange rate the atm/bank you are using has it set at. We don't not set that. Also, this was answered many times overt he last 2 weeks and is also on the site. there are no hidden fee.
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This is plain stupid. No ATM shows the exchange rates for any world currency, if they decide to take 10 USD for 1 CAD as the exchange rate you will find only after you made the transaction....
It doesnt work like this. The question is not the Mastercard/Visa exchange rate witch is usually pretty good and it's the same for all the issuing/acquiring banks, the question is how much your issuing bank (Choice bank) charges on top of the VISA/MC exchange rate...
Payoneer is upfront, they just say that they charge 2.95% ON TOP (additional) to the official Visa/MC Rates...
The question is how much Paxum (choice bank) charges....This is not intended to be a US/CAD product so the card will be used worldwide, used to withdraw lots of type of currencies...2.95% is very high as for 1000 USD it will cost you 29.5 USD in curency fees alone + ATM withdrawal fees....witch is very high..