Epassporte exchange rates

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  • adonis
    Confirmed User
    • Oct 2002
    • 231

    #1

    Epassporte exchange rates

    Epassporte charges $2 for cash witdrawal (at ATM), but if you're not withdrawing USD, they cut 2.5% more because they have a weird exchange rate... I lost $8 when withdrawing $200.
  • Michael O
    More Cowbell
    • Jul 2001
    • 10607

    #2
    I believe its the bank wher eyou withdraw the cash that sets the rate.
    I get the same rate as I do at the bank when I withdraw money using the electron card.
    Truth Teller

    Comment

    • Vendzilla
      Biker Gnome
      • Mar 2004
      • 23200

      #3
      I just go in the bank and withdraw money straight into my checking account, but mostly I just buy things with it!
      Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
      think about that

      Comment

      • greenlab
        Confirmed User
        • Oct 2002
        • 252

        #4
        This is like a hidden charge they have...it;s negociated with their issuing bank to post lower exchange rates, so they can get some pretty good $$$ on that.
        Imagine 2-3% of millions of $$$/month.
        They claim that "it's not us, it depends on the bank that you are using", however i make a test :
        i have several cards issued by forign banks : 1 from US, 1 from St. Vincent, 1 from Canada and one from Netherland Antiles (Epassporte). All are drawn on USD.
        I made onde widtrawal in local curency from each card, in the same ammount, same bank, same time (1 min differece). 3 Days latter, i checked the online statement for all the cards. Epassporte was the worst exchange rate i got, with a difference of arround 2-3% from the other cards.
        So, it's not necesarely the aquiring bank fault, it's mainly epassporte that is ranking tens of thousents of $$$ from the bad exchange rate.
        After all, they have to make a living

        Comment

        • ffmihai
          keep walking...
          • Jun 2002
          • 7177

          #5
          ermmm.. without epassporte my life would be much more complicated...!

          Comment

          • greenlab
            Confirmed User
            • Oct 2002
            • 252

            #6
            Epassporte is a very great system. It's not the only one out there, but it's a good one. I was just explaining the exchange rate difference.

            Comment

            • paperboy
              Confirmed User
              • Feb 2005
              • 359

              #7
              Originally posted by adonis
              Epassporte charges $2 for cash witdrawal (at ATM), but if you're not withdrawing USD, they cut 2.5% more because they have a weird exchange rate... I lost $8 when withdrawing $200.
              you are right they have a weird exchange rate only withdraw usd from now on, that is what i have been doing; and use your card only for atm withdraw don't buy anything except if they charge you in usd
              LSHMSFOAIDMT- "Laughing so hard my sombrero falls off and I drop my taco"

              Comment

              • Michael O
                More Cowbell
                • Jul 2001
                • 10607

                #8
                Originally posted by greenlab
                This is like a hidden charge they have...it;s negociated with their issuing bank to post lower exchange rates, so they can get some pretty good $$$ on that.
                Imagine 2-3% of millions of $$$/month.
                They claim that "it's not us, it depends on the bank that you are using", however i make a test :
                i have several cards issued by forign banks : 1 from US, 1 from St. Vincent, 1 from Canada and one from Netherland Antiles (Epassporte). All are drawn on USD.
                I made onde widtrawal in local curency from each card, in the same ammount, same bank, same time (1 min differece). 3 Days latter, i checked the online statement for all the cards. Epassporte was the worst exchange rate i got, with a difference of arround 2-3% from the other cards.
                So, it's not necesarely the aquiring bank fault, it's mainly epassporte that is ranking tens of thousents of $$$ from the bad exchange rate.
                After all, they have to make a living
                I compared the rates aswell.
                I get the exact same rate as if I had went into the bank with cash and exchanged it.
                I think this issue have been up before and ePassporte said its the bank where you withdraw that sets the rate.
                Truth Teller

                Comment

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