Quote:
Originally posted by Kimmykim
Branches wouldn't cut a customers fee.
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of course they would. a domestic bank transfer is way cheaper than an international one.
so it's cheaper to have a local branch / partner company that receives / sends the money to customers thru domestic transfers.
and then you cash the income - a % that goes to the branch/partner company. the % is insignificant comparing the the money you'd pay for intl. money transfers.
a big difference.