Instantly Compare Money Transfer Providers
Why compare money transfer providers through Xompare?
Why do you need to use a comparison service? It’s simple, higher fees means a worse deal, you can work that out yourself. Well, this isn’t necessarily the case. Xompare uses real time data feeds to consider all aspects of your payment service providers offering to make sure you are receiving the best deal.
£2,000 is to be converted into US Dollars and sent abroad.
- Payment Fees = £7.35
- FX Rate = 1.2610
- US Dollars received (less fees) = $2,512.73
- Amount is fully protected from further fee deductions
- Payment Fees = £4.00
- FX Rate = 1.2582
- US Dollars received (less fees) = $2,511.37
- Amount is not protected from further fee deductions
In this example, while Provider A has higher feed than Provider B, the exchange rate negates the cost entirely, putting Provider A ahead in the race. It is also important to note whether or not your currency transfer is protected from further transfer fees post exchange.