Quote:
Originally Posted by RuthB
Paxum does not charge any Forex fee of our own. The Forex fees are charged by MC and the different banks involved in the transaction. As far as we know at Canadian ATM's it is 1% more than if the money were to be exchanged in the branch by the same bank that operates the ATM.
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This puts you in a minority group of probably one payment card service that doesn't charge a markup, which is of course commendable, but realistically, I do not believe that you will (be able to) sustain that indefinitely.
It is revenue that you are missing out on, which will help you stay viable.
In any case, I think you are certainly one of the better representatives RuthB and I wish you and Paxum luck.