Originally Posted by greenlab

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..