Quote:
Originally Posted by greenlab
Michel, i think you should do a bigger amount test so you can show the true power of Redpass...like withdrawal of 30000 Thai Baht (aprox 1000 USD) so the FX mark-up difference will be around $30 cheaper for Redpass than the other 2..this is very very important for international webmasters/affiliates
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Like this:
Rate from card: 31.25
Rate from bank: 31.12
Other tests I have done show the same results getting about the rate you get if you sell USD cash to your bank.
If you use a card with a 3% markup on exchange rates then this transaction would have costs around $1319 which means with RedPass you save almost $40 on this transaction. Do 2-3 of this size a month and it adds up to more than $1000 a year.