Epassporte exchange rates - GoFuckYourself.com

adonis · 09-05-2005, 10:10 AM

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 · 09-05-2005, 10:13 AM

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.

Vendzilla · 09-05-2005, 10:22 AM

I just go in the bank and withdraw money straight into my checking account, but mostly I just buy things with it!

greenlab · 09-05-2005, 10:38 AM

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

ffmihai · 09-05-2005, 10:44 AM

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

greenlab · 09-05-2005, 10:50 AM

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.

paperboy · 09-05-2005, 10:50 AM

Quote:

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

Michael O · 09-05-2005, 10:53 AM

Quote:

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.

09-05-2005, 10:10 AM	#1
adonis Confirmed User Join Date: Oct 2002 Posts: 231	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.

09-05-2005, 10:13 AM	#2
Michael O More Cowbell Industry Role: Join Date: Jul 2001 Location: Nakhom Nowhere Posts: 10,607	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

09-05-2005, 10:22 AM	#3
Vendzilla Biker Gnome Industry Role: Join Date: Mar 2004 Location: cell#324 Posts: 23,200	I just go in the bank and withdraw money straight into my checking account, but mostly I just buy things with it! __________________ Webair died? 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

09-05-2005, 10:44 AM	#5
ffmihai keep walking... Industry Role: Join Date: Jun 2002 Posts: 7,177	ermmm.. without epassporte my life would be much more complicated...! __________________

09-05-2005, 10:38 AM	#4
greenlab Confirmed User Join Date: Oct 2002 Posts: 252	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

09-05-2005, 10:50 AM	#6
greenlab Confirmed User Join Date: Oct 2002 Posts: 252	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.