Business FirstChoicePay 10% Currency Exchange Fee In Canada? - GoFuckYourself.com

incredibleworkethic · 01-08-2018, 06:23 PM

I'm not saying this is the case with the company but here's what happened.

Machine 1: Withdrew From CIBC $2000 CAD, I received 10% of the 25% USD to CAD exchange.

Machine 2: Withdrew From Credit Union $500 CAD, I received 15% of the 25% USD to CAD exchange.

Anyone else notice this?

ladida · 01-09-2018, 07:43 AM

Give exact calculation. Thing is that you have interexchange fees that mastercard takes that they don't write in their TOS (actually they do, it's just convoluted). so you have their fee + percentage + mastercard exchange fee. You can speak to their live chat and they will explain.

What you do is this.
Go on https://www.mastercard.us/en-us/cons...-currency.html. Type in the currency you have and what you are converting it to on exact date the settlement is shown in firstchoicepay. Then take out i think it's 3.5% of that for mastercard exchange fee. Then apply firstchoice fees.

JFK · 01-09-2018, 11:25 AM

Quote:

Originally Posted by ladida

Give exact calculation. Thing is that you have interexchange fees that mastercard takes that they don't write in their TOS (actually they do, it's just convoluted). so you have their fee + percentage + mastercard exchange fee. You can speak to their live chat and they will explain.

What you do is this.
Go on https://www.mastercard.us/en-us/cons...-currency.html. Type in the currency you have and what you are converting it to on exact date the settlement is shown in firstchoicepay. Then take out i think it's 3.5% of that for mastercard exchange fee. Then apply firstchoice fees.

yes.......... give actual #'s please

Klen · 01-09-2018, 11:57 AM

It's been a several years since i used payoneer , but i do remember their exchange fees was high as fuck, i remember there was some "crossborder fee" of 3% which was applied unless you lived in belize lol. In shortly, better to use bank withdraw method then card withdraw where you can affect homwuch do you pay for currency exchange.

incredibleworkethic · 01-09-2018, 12:48 PM

They don't support CAD withdrawal to bank anymore lol. Wtf?

Klen · 01-09-2018, 01:14 PM

Quote:

Originally Posted by incredibleworkethic

They don't support CAD withdrawal to bank anymore lol. Wtf?

I guess it's not making enough money for them ?

nikki99 · 01-09-2018, 04:24 PM

I voted for you....

ladida · 01-09-2018, 05:21 PM

So did you get to calculate it correctly?

01-08-2018, 06:23 PM	#1
incredibleworkethic Confirmed User Industry Role: Join Date: Sep 2009 Posts: 2,302	FirstChoicePay 10% Currency Exchange Fee In Canada? I'm not saying this is the case with the company but here's what happened. Machine 1: Withdrew From CIBC $2000 CAD, I received 10% of the 25% USD to CAD exchange. Machine 2: Withdrew From Credit Union $500 CAD, I received 15% of the 25% USD to CAD exchange. Anyone else notice this?

01-09-2018, 07:43 AM	#2
ladida Confirmed User Join Date: Nov 2005 Posts: 2,167	Give exact calculation. Thing is that you have interexchange fees that mastercard takes that they don't write in their TOS (actually they do, it's just convoluted). so you have their fee + percentage + mastercard exchange fee. You can speak to their live chat and they will explain. What you do is this. Go on https://www.mastercard.us/en-us/cons...-currency.html. Type in the currency you have and what you are converting it to on exact date the settlement is shown in firstchoicepay. Then take out i think it's 3.5% of that for mastercard exchange fee. Then apply firstchoice fees. __________________ agentGFY at gmail.com

01-09-2018, 04:24 PM	#7
nikki99 Supermodel Industry Role: Join Date: Nov 2004 Location: Sodoma & Gomorra Posts: 22,875	I voted for you.... __________________ SMC Revenue - Best Tgirl websites of the world now VR Non exclusive BIG Tranny/shemale Package for sale, full 2257 - hit me up skype: nikkimontero

01-09-2018, 05:21 PM	#8
ladida Confirmed User Join Date: Nov 2005 Posts: 2,167	So did you get to calculate it correctly? __________________ agentGFY at gmail.com

01-09-2018, 11:57 AM	#4
Klen Industry Role: Join Date: Aug 2006 Location: Little Vienna Posts: 32,235	It's been a several years since i used payoneer , but i do remember their exchange fees was high as fuck, i remember there was some "crossborder fee" of 3% which was applied unless you lived in belize lol. In shortly, better to use bank withdraw method then card withdraw where you can affect homwuch do you pay for currency exchange.

01-09-2018, 12:48 PM	#5
incredibleworkethic Confirmed User Industry Role: Join Date: Sep 2009 Posts: 2,302	They don't support CAD withdrawal to bank anymore lol. Wtf?