Re:Saving money on international payments as a remote freela...
by chx on Monday April 13, 2020 @01:26PM
(#22857863)
> TransferWise charges end-user 900 USD + spread
They don't charge spread. That's the entire point of Transferwise.
> On InteractiveBrokers for example, you pay +/- 2.33 USD in total to convert 100'000 USD to EUR
My understanding is that Interactive Brokers allows access to the forex market , indeed with a low fee, however Transferwise will use mid-market rate which is unattainable via the forex market.
It's trivially visible on Transferwise what are you paying, where can I see the same for Interactive Brokers ?
They don't charge spread. That's the entire point of Transferwise.
> On InteractiveBrokers for example, you pay +/- 2.33 USD in total to convert 100'000 USD to EUR
My understanding is that Interactive Brokers allows access to the forex market , indeed with a low fee, however Transferwise will use mid-market rate which is unattainable via the forex market.
It's trivially visible on Transferwise what are you paying, where can I see the same for Interactive Brokers ?