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<p>[QUOTE="Valentinian, post: 4018154, member: 44316"]Actually, my calculations shows that buyers pay less using TransferWise even while the seller gets full price. The TW fees, which are paid by the buyer and might seem to increase the cost to the buyer, are less than the extra amount a PayPal buyer pays with the poor exchange rate they give. I challenge others to do the type of calculation I did and reported on here:</p><p><a href="https://www.cointalk.com/threads/paypal-fees.353286/" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/paypal-fees.353286/">https://www.cointalk.com/threads/paypal-fees.353286/</a></p><p>and here:</p><p><a href="https://www.cointalk.com/threads/paypal-fees.353286/#post-3996170" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/paypal-fees.353286/#post-3996170">https://www.cointalk.com/threads/paypal-fees.353286/#post-3996170</a></p><p><br /></p><p>If you use PayPal, the seller gets less than PayPal says you are sending (the well-known PayPal fee. That is expected.). It is less well known that you pay more for those currency units than you should (the not so well-known poor exchange rate.) So you pay more in dollars than you would with TransferWise and the seller gets less. </p><p><br /></p><p>Read the posts at those links for a detailed explanation.[/QUOTE]</p><p><br /></p>
[QUOTE="Valentinian, post: 4018154, member: 44316"]Actually, my calculations shows that buyers pay less using TransferWise even while the seller gets full price. The TW fees, which are paid by the buyer and might seem to increase the cost to the buyer, are less than the extra amount a PayPal buyer pays with the poor exchange rate they give. I challenge others to do the type of calculation I did and reported on here: [URL]https://www.cointalk.com/threads/paypal-fees.353286/[/URL] and here: [URL]https://www.cointalk.com/threads/paypal-fees.353286/#post-3996170[/URL] If you use PayPal, the seller gets less than PayPal says you are sending (the well-known PayPal fee. That is expected.). It is less well known that you pay more for those currency units than you should (the not so well-known poor exchange rate.) So you pay more in dollars than you would with TransferWise and the seller gets less. Read the posts at those links for a detailed explanation.[/QUOTE]
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