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I've never got the unionpay card to work online, only able to do ATM withdrawl.
In my experience the currency conversion rate is similar to my bank in canada. Bank claimed to me they only take "2%" but the data says its about 4% lower then standard "mid-market" rates (according to xe.com) and paxum rate is similar to 3 banks I"ve tried here. Everyone taking their cut haha. Right now for example 1 USD is worth about $1.28 on XE but either with paxum or bank I'm getting more like $1.24.
There's no doubt currency conversion fee's really add up, but it's just the cost of doing business with paxum, or in my case the major canadian banks.
All in all I am very happy with the card personally but wish the monthly and yearly withdrawl limits were much higher. It's hard to successfully make purchases with the card so most of us purely use it to cash out, and the annual limit is 100k which isn't really that high.
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