Quote:
Originally Posted by Chosen
Talia, people being charged "crossborder fees" for USD transactions outside of US.
Instead of $3 ATM withdrawal fee for $500 they are charged $13, and for higher withdrawal amounts even more.
That's what people mean when they say your ATM fees are ridiculous.
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Hi! Welcome to the board!
Im using Payoneer since Sep/2010 but I had the card 2 years before.
I always supported Payoneer, but the only thing i cant 100% understand is the crossborder fee.
Everytime I withdraw $1000 in Argentina, I get charged for $1040 +/-. Ok, this is the crossborder fee plus withdraw fee plus my network fee of $4.- ... I can understand the crossborder fee charged to withdraw money outside US by MasterCard...
Can you explain me why I get charged this crossborder fee when I use my Mastercard online?
My balance is charged about 1.5/2.5% everytime I spend money at GoDaddy, or just pay my hosting fees, etc.
For ATM I see this fee in most Mastercard branded debit cards, but its the only processor where I get charged as "crossborder fee" for shop online.
Hope you can give me a reply to clear this out. Support never replied me why.
Thank you
Damian