| We understand that everyone wants to save money where they can, but who pays for the part that was promised that you’d save? Let’s be practical.
Firstly, many cheap transfer services advertise a low exchange rate to attract customers, but then add additional fees and hidden charges that significantly increase the total cost of the transfer.
Secondly, some of these services may not have adequate security measures in place to protect your money and personal information, leaving you vulnerable to fraud and scams.
Processing fees simply means that there are players involved in the process of moving money. So, they charge you what is fit for those who helped in the process – middlemen, inter banks, carders, endpoint processors etc. This is too many!
Cut the charges! Become the payment processor!
You can pay yourself the predetermined fees that you would have been charged by taking part in the payment process. The bank that receives the money you wire from abroad (at the exchange rate presented to you) sends same money abroad to pay for tuition and import commerce for those that have been charged (an exchange rate presented to them).
Both you and the other party pay processing fees and other charges of over 9% (taken as profit for traditional payment services) because the money had to travel overseas every time you initiate such transactions requests.
Cut the fees!
If you’re already living abroad, domestic payments are free of charge or dirt cheap. Make payments as a facilitator for those trying to send money abroad from home to your location with same money you already planned to send home and pay as low as 0.35% to 3.5%. Never pay over 9%!
If you are a freelancer, chose domestic payment options which are free of charge or dirt cheap and send your international workplace payments directly to families of those trying to send money abroad from home to their folks with same money you already planned to process and withdraw at high cost and pay as low as 0.35% to 3.5%. Never pay over 9% to wire money!
Both you and your beneficiaries will pay such low fees that you never imagined is possible!
You can find people who need help to pay tuition fees or transfers to manufactures abroad here – Browse Requests.
You can also find those sending personal remittances money home who are willing to channel payments to your personal or commercial settlement needs within their location here – Browse Offers.
With PEXBANK, you can be confident of zero unexpected fees or hidden charges, except if the payment channel involved cannot do without a sending fee or receiving fee like most PayPal GNS payments. Else, everyone benefits in two ways:
- Lower Exchange Rate For All: You chose the exchange rate to use which is not imposed on you nor ridiculous as what you find everywhere else.
- Helper’s Fee: The common exchange rate is good, but you can also task a helper’s fee or checkout fee. This is your own processing fee for transactions. The more difficult the payment, you might want to include this in your offer or request as a motivation for potential facilitators. This is totally optional.
- Faster Clearance Time For you: As soon as the receiver confirms your deposit, your payment is cleared for withdrawal from your wallet. You can pay directly to your family or friend’s bank at home from your PEXBANK. And keeps some funds around for emergency response if you have aged parents or infants at home!
PEXBANK is built on the premise of channeling personal remittances from the diaspora to commercial or personal settlement needs to the diaspora. Whatever part you play, you are the reason sending money with us is cheap because the money that you send solves not only your problem but also the issues of those you transact with. |
