epassporte not converting funds right??? - GoFuckYourself.com

Chris · 08-12-2007, 01:31 PM

My friend is in costa rica and he used his epass card today

-7,150.00 CRC $-17.03

7k crc is only 14 usd ...

KimJI · 08-12-2007, 01:39 PM

each transaction costs US$2.00, did he check the recied for any local ATM fee? Some places there are a local fee as well.

Chris · 08-12-2007, 01:43 PM

it wasnt an ATM transaction

klinton · 08-12-2007, 01:48 PM

maybe usd is that weak now :/

Chris · 08-12-2007, 01:49 PM

naw the amount was a lil under 14 usd they charged 17

k0nr4d · 08-12-2007, 01:54 PM

where did you determine its 14USD?

There is 3 exchange rates. Buying rate, selling rate and mid-rate. The mid-rate is what you get off sites like XE.com

KimJI · 08-12-2007, 01:58 PM

I checked my German, Danish and Swedish banks websites. NONE of them want to buy that currency. Is inflation high down there?

Klen · 08-12-2007, 02:38 PM

Epassporte tooked once 20$ for one bigger atm transcation.And there is no ATM fee beacuse i using atm card from similar service and there was normal fee.

okdesign · 08-12-2007, 02:43 PM

Is the transaction still pending?

suesheboy · 08-12-2007, 03:01 PM

wow.

Just another brick in the wall.

rowan · 08-12-2007, 03:41 PM

Visa's exchange rate is worse than my bank's cash rate (which is worse than the cheque rate, which is worse than the teletype rate), so if you're relying on a generic currency conversion figure then it's going to be off.

For example, a few days ago...

$AUD200=$USD178.89 (according to epass)

That's a conversion rate of 0.89445

My bank's "buy note" rate that day was 0.8843

Doesn't seem like much difference, but the important thing is that the T/T buy rate was 0.8584. The bank's rates are fixed for the business day so they would be more conservative than the currency conversion sites, so you're looking at 5%+ difference. Obviously significantly more in your case.

rowan · 08-12-2007, 03:43 PM

One other thing... is it possible the point of sale is assessing a processing fee? In Australia merchants have the option of passing this on to the customer, although it has to be stated.

PMdave · 08-12-2007, 03:45 PM

if i"m not mistaking it's not epass that converts the money but the bank that owns/operates the atm/merchant account

jeffrey · 08-12-2007, 04:21 PM

Thats about right.
Had he used a Visa it would have been the same.

Its Visa that converts it, not epass.

Wizzo · 08-12-2007, 04:27 PM

Quote:

Originally Posted by PMdave

if i"m not mistaking it's not epass that converts the money but the bank that owns/operates the atm/merchant account

Yea but bashing Epass on GFY is much more fun!

PMdave · 08-12-2007, 04:45 PM

http://corporate.visa.com/pd/consume...jsp?src=ex_rez

Doctor Dre · 08-12-2007, 04:48 PM

The local bank setups the transfer rate if I'm not mistaken

Michael O · 08-12-2007, 08:44 PM

Quote:

Originally Posted by Chris

My friend is in costa rica and he used his epass card today

-7,150.00 CRC $-17.03

7k crc is only 14 usd ...

Was it at a bar/restaurant?
https://www.epassporte.com/secure/js...URVISAELECTRON

Clark Miller · 08-12-2007, 11:53 PM

Interesting...

08-12-2007, 01:31 PM	#1
Chris Too lazy to set a custom title Industry Role: Join Date: May 2003 Location: icq: 71462500 Skype: Jupzchris Posts: 27,880	epassporte not converting funds right??? My friend is in costa rica and he used his epass card today -7,150.00 CRC $-17.03 7k crc is only 14 usd ... __________________ [email protected]

08-12-2007, 01:39 PM	#2
KimJI Confirmed User Join Date: May 2007 Location: So fucking gone Posts: 1,839	each transaction costs US$2.00, did he check the recied for any local ATM fee? Some places there are a local fee as well. __________________ Trafficadept \| Best traffic I have ever tested \| web "@t" cuul.org

08-12-2007, 01:43 PM	#3
Chris Too lazy to set a custom title Industry Role: Join Date: May 2003 Location: icq: 71462500 Skype: Jupzchris Posts: 27,880	it wasnt an ATM transaction __________________ [email protected]

08-12-2007, 01:49 PM	#5
Chris Too lazy to set a custom title Industry Role: Join Date: May 2003 Location: icq: 71462500 Skype: Jupzchris Posts: 27,880	naw the amount was a lil under 14 usd they charged 17 __________________ [email protected]

08-12-2007, 01:54 PM	#6
k0nr4d Confirmed User Industry Role: Join Date: Aug 2006 Location: Poland Posts: 9,229	where did you determine its 14USD? There is 3 exchange rates. Buying rate, selling rate and mid-rate. The mid-rate is what you get off sites like XE.com __________________ Mechanical Bunny Media Mechbunny Tube Script \| Mechbunny Webcam Aggregator Script \| Custom Web Development

08-12-2007, 01:48 PM	#4
klinton So Fucking Banned Industry Role: Join Date: Apr 2003 Location: online Posts: 8,766	maybe usd is that weak now :/

08-12-2007, 01:58 PM	#7
KimJI Confirmed User Join Date: May 2007 Location: So fucking gone Posts: 1,839	I checked my German, Danish and Swedish banks websites. NONE of them want to buy that currency. Is inflation high down there? __________________ Trafficadept \| Best traffic I have ever tested \| web "@t" cuul.org

08-12-2007, 02:38 PM	#8
Klen Industry Role: Join Date: Aug 2006 Location: Little Vienna Posts: 32,235	Epassporte tooked once 20$ for one bigger atm transcation.And there is no ATM fee beacuse i using atm card from similar service and there was normal fee.

08-12-2007, 02:43 PM	#9
okdesign ICQ 278367136 Industry Role: Join Date: May 2002 Posts: 24,773	Is the transaction still pending? __________________ Webmasters, Come here for SUPER BIG TITS Highest Conversions, Highest Retention!

08-12-2007, 03:01 PM	#10
suesheboy Confirmed User Industry Role: Join Date: Nov 2002 Location: FL - TN/NC Posts: 5,211	wow. Just another brick in the wall. __________________ Adult Web Site Domain Names For Sale Adult Sex Toy Domain Names For Sale Tantric Delights, Sex Toys Blog, Tantric Sex Toys

08-12-2007, 03:41 PM	#11
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	Visa's exchange rate is worse than my bank's cash rate (which is worse than the cheque rate, which is worse than the teletype rate), so if you're relying on a generic currency conversion figure then it's going to be off. For example, a few days ago... $AUD200=$USD178.89 (according to epass) That's a conversion rate of 0.89445 My bank's "buy note" rate that day was 0.8843 Doesn't seem like much difference, but the important thing is that the T/T buy rate was 0.8584. The bank's rates are fixed for the business day so they would be more conservative than the currency conversion sites, so you're looking at 5%+ difference. Obviously significantly more in your case.

08-12-2007, 03:43 PM	#12
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	One other thing... is it possible the point of sale is assessing a processing fee? In Australia merchants have the option of passing this on to the customer, although it has to be stated.

08-12-2007, 03:45 PM	#13
PMdave Confirmed User Join Date: Dec 2003 Posts: 1,517	if i"m not mistaking it's not epass that converts the money but the bank that owns/operates the atm/merchant account

08-12-2007, 04:21 PM	#14
jeffrey Confirmed User Industry Role: Join Date: Jul 2004 Location: Alberta Posts: 1,864	Thats about right. Had he used a Visa it would have been the same. Its Visa that converts it, not epass. __________________ Coming Soon! Last edited by jeffrey; 08-12-2007 at 04:22 PM..

08-12-2007, 04:45 PM	#16
PMdave Confirmed User Join Date: Dec 2003 Posts: 1,517	http://corporate.visa.com/pd/consume...jsp?src=ex_rez

08-12-2007, 11:53 PM	#19
Clark Miller Registered User Join Date: Jun 2007 Location: http://www.nebraskacoeds.com Posts: 365	Interesting...